How do I Prepare for a Revenue Compliance Check or Audit?
Amanda Souza
In recent months, an increasing number of businesses have found themselves on the receiving end of random compliance check letters from Revenue. But what exactly is a Revenue audit or compliance check, and how can you prepare for it effectively? …
What Information do I Need to Provide to the Bank When Applying for a Business Loan?
When it comes to applying for a business loan, thorough preparation is key to success. To ensure a smooth and successful loan application process, you need to provide the bank with comprehensive information about your company and its financials. …
How Long do I Have to Claim R&D Tax Credits?
The company must ensure that the R&D claim meets all the requirements before applying. …
Can I Claim Entrepreneurial Relief if I Liquidate My Company?
Are you considering liquidating your company or disposing of your business assets? Understanding the tax implications of such actions is crucial for any entrepreneur. One important relief to be aware of is Entrepreneurial Relief, which offers favourable tax treatment for qualifying individuals. …
Extension of Pay & File Deadline for ROS Customers in 2024
Revenue has announced an extension to the ROS return filing and payment date for certain self-assessment Income Tax customers and those liable to Capital Acquisitions Tax (CAT). …
Challenges of Running an Owner – Managed Business
As a business owner, you're no stranger to the juggling act of managing work commitments alongside personal responsibilities and aspirations. Between the demands of running your business and attending to your personal life, finding time to strategise for long-term success can feel like an uphill …
10 Benefits of Accounting Automation for Your Business
In the past year, businesses worldwide have increasingly focused on cost-cutting measures, targeting inefficiencies across their business. Yet, amid this drive for optimisation, many overlook an obvious solution: accounting automation. Exploring the realm of automated accounting reveals a range of benefits to your business. …
Tax Warehouse Payments are Due on 1 May 2024
On February 5th, 2024, the Minister for Finance declared that the interest rate applicable to warehoused debt would be reduced to 0%. This significant development aims to alleviate financial burdens on businesses, offering relief during these challenging times. …
Increased Cost of Business (ICOB) Grant
Eligible businesses who pay rates will receive a once-off grant payment in 2024. The amount of the grant is based on the value of the 2023 Commercial Rates bill for the property your business occupies. However, it is not a Commercial Rates waiver and businesses …
How To Read a Balance Sheet
A balance Sheet is one of the fundamental financial statements that provide a true and fair view of your business entity’s financial position as of a specific date. It displays all the financial assets and liabilities of the business. Assets are what the business owns …
