View How financial monitoring can drive your business performance

How financial monitoring can drive your business performance

When assessing the financial performance of your business, there are many critical questions that need to be answered to help reassure the business owners that the company is in a healthy and stable position. Is the business running smoothly? Is it successful, or is it failing? What parts are acting as growth drivers? In order…

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View Financing and Non-financing solutions for SME cashflow problems

Financing and Non-financing solutions for SME cashflow problems

Whatever phase your business is in, it is all too common to run into cashflow challenges.  Seasonal fluctuations can be tough (think about customer patterns around the end of year and in the summer holidays) and can often herald slow sales and late payments for SMEs whether B2C or B2B. Additionally, many business owners have…

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View Ready for your next challenge? Serial entrepreneurs get tax benefits

Ready for your next challenge? Serial entrepreneurs get tax benefits

If you’re planning on selling your business so you can invest in your next venture, but you haven’t looked into availing of Entrepreneur Relief, then you’re missing a trick! Entrepreneur Relief is a fantastic tax benefit that helps business owners in Ireland to build wealth in a tax-efficient way. Sound interesting? We thought so! Below…

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View Calling UK Contractors – Find out the benefits of using your UK company in Ireland!

Calling UK Contractors – Find out the benefits of using your UK company in Ireland!

UK contractors can continue to contract through their UK company in Ireland and avail of certain advantages. With the Irish economy experiencing strong growth and the possibility for contractors to earn excellent rates many UK based contractors are exploring the possibility of contracting in Ireland. We have outlined in this blog the options you have…

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View Getting your business Brexit ready with EFM Ireland

Getting your business Brexit ready with EFM Ireland

As you are by no doubt aware, Britain is due to exit the European Union on October 31st next. While there is still uncertainty as to how Britain will exit the European Union all businesses, be they sole traders, SMEs or Multinationals, need to take the necessary steps to ensure that their business is ready…

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View Start-up business figures remaining resilient in Ireland

Start-up business figures remaining resilient in Ireland

New figures suggest that more than 5,000 start-up businesses were launched across Ireland in Q3 2019, taking the overall number of start-ups in Ireland to more than 17,000 this year. That’s according to data from business and credit risk analyst, CRIF Vision-net, which confirmed that 5,010 start-ups formed in the last quarter despite the uncertainty…

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View Timing your invoices to improve cash flow

Timing your invoices to improve cash flow

Unless you use the cash accounting scheme, you will normally account for output tax on the VAT return that coincides with your sales invoice date. How could a simple VAT trick with your invoicing help your cash flow? Tax Points The tax point rules identify when a supply has taken place for VAT purposes, and…

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View How to utilise a Business Advisor for your Start-up

How to utilise a Business Advisor for your Start-up

Business advisors can be a valuable asset for an entrepreneur, particularly for a first time start-up a company. A business advisor is different from a co-founder or investor. They aren’t looking for a piece of your business and are usually interested in a mentoring-style position where they can provide you with advice and perhaps take…

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