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With thanks to the O2 Ideas Room for blog posts…

When you’re setting up a business you have a lot of things on your mind. The irony is that the most important part of the whole process, the business’s income and its tax situation, usually isn’t one of those things. The mere fact of not covering your setup costs properly can cost you a lot of money. You need experienced tax accountants to make sure your business isn’t paying a cent ...

Below are some of the “Cloud” small business services that we use or have used in the past.
Check them out and feel free to ask us any questions on them and if needed we can help to quickly implement them for clients.

If you own or run a small business, you owe it to yourself to take a look at the wide array of solutions these products have to offer – both in combination ...

Most of us wait till the 11th hour to file our income tax returns, but it’s worth getting a head start on them now. We explain how to keep on track…

1. File on Time. You don’t want to file too late.. A lot of people, it seems to be something they definitely don’t want to do and not their favourite time of year so they put it off as long as possible.”
2. Avoid paying extra. If you file past the October 31st ...
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   28
   JUN
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Finance (No.2) Act 2011 introduced a second reduced VAT rate of 9% to apply in respect of supplies of certain goods and services for the period 1 July 2011 to 31 December 2013.

The 9% rate applies to certain goods and services previously liable at the 13.5% rate, including restaurant and catering services; hotel and holiday accommodation; admissions to cinemas, theatres, certain musical performances, museums and art gallery exhibitions; fairgrounds or amusement park services; the use of sporting facilities; hairdressing services; ...

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 ...

With thanks to the O2 Ideas Room for blog posts…

At TaxandLegal we provide tax advice to SME owners on transactions, business structures, capital raising, pensions and more. The following are ten things we believe every business owner should be aware of:

1. If you have a patented invention or innovation, then the income derived from the exploitation of that patent can be exempt from tax.

2. If you purchase energy efficient equipment (approved by Sustainable Energy Ireland), then 100% of the ...

With thanks to the O2 Ideas Room for blog posts…

We learned of another small business blog that might be of use.

Google has launched it as part of their small business series.

So we thought we’d share it with our readers!

You can visit the new blog here

Ideas Room

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…

Advantages and disadvantages of employees working at home

With increasing numbers of employees working at home – or using home as a working base for at least part of the week – it’s clear there are a number of benefits for business, such as:

• improved retention of employees, eg home working can help retain working parents with childcare responsibilities
• a wider pool of applicants from which to recruit, eg disabled people who ...
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  29
  MAY
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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 ...