Posts Tagged 'accounting online'

With thanks to the O2 Ideas Room for blog posts…

1. Hire the best. Have and hire only employees who continually impress you with their initiative and competence. Let everyone else go. Increasing profits comes from great employees, not average ones.

2. Establish your R&D Department. Turn your customer service department into the R&D Department of your company. Develop a culture in your business which will encourage lateral thinking.

3. Review Customer issues. Is there a lack of effective communication channels with your customers or is ...

With thanks to the O2 Ideas Room for blog posts…

While business plans are synonymous with startups, business planning is important for all businesses regardless of their age or maturity. A business plan is essentially a future oriented description of how you intend to trade as a commercially viable operation. Given that the plan is essentially predictive in nature, it will need to contain a number of assumptions which the reader will need to accept as being plausible in the context ...

ADVICE FOR COMPANIES EXPERIENCING TRADING DIFFICULTIES
Advice from CRO…
The Companies Registration Office (CRO) is aware that some companies
are currently facing trading difficulties.  The legal obligation to file
an annual return and accounts still exists in such circumstances and
there are severe consequences if this is not complied with, including
late filing penalties, loss of audit exemption, involuntary strike-off
and possible prosecution. The late filing penalty and requirement to
file audited accounts are legally applicable notwithstanding a plea of
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With thanks to the O2 Ideas Room for blog posts…

Cash flow is the lifeblood of any business and these days is even more important than ever.

Below are a number of simple approaches to use when operating your business.

1.     Minimum Stock Levels. Keep your stock to a minimum. Only hold the stock that you know you can sell in the next 60 days. A business that normally holds 100k of stock, reducing this by 25% will inject 25k into the ...

With thanks to the O2 Ideas Room for blog posts…

Economic downturns tend to be self fulfilling. We all help to drive market conditions, so if we all decide to ‘batten down the hatches’, and become more risk averse we all contribute to prolonging a downturn. However though it may sound counter intuitive, an economic downturn is as good a time as any to start a new business.  This short article discusses how entrepreneurs can bootstrap their way to success, by ...

With thanks to the O2 Ideas Room for blog posts…

A marketing plan is a core component of a business plan. It relates specifically to the marketing of a particular product or service and it describes:

• An overall marketing objective

• A broad marketing strategy

• The tactical detail related to specific marketing activities

• The various costs associated with these activities

• Those tasked with delivering these activities by name

The starting point for any marketing plan is an analysis of the strategic context, as a typical objective for most ...

With thanks to the O2 Ideas Room for blog posts…

I wrote here a while ago about an application developed for the iPhone in the USA which allows consumers judge the responsibility level of a company’s products simply by holding the phone over that product in the supermarket.

Recently I read this article about another app for the iPhone developed by SAP and the Carbon Disclosure Product which shows a breakdown of corporate emissions.

Although we now have so ...

As widely anticipated, the Budget focused mainly on cutting expenditure, but also included various taxation measures. The small business owner was saved from higher taxes but really there was no assistance or incentives given.

• No changes to income tax rates, income levy, or PRSI for 2010.
• Universal social contribution scheme to replace PRSI, the health levy, and income levy to be introduced in 2011
• No change to income tax bands, allowances or credits
• Increase in effective tax rate for ...
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  DEC
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Small Businesses really are running out of  reasons to keep their records up to date.

A quick update of your income and expense history will keep your records straight and provide invaluable insight to you best customers, most frequent expenses, and the health of your business.

Outright.com will take care of the work; simply log in, record your income. and expenses, and go back to work.

All of ...