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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View 3 reasons your business needs a Financial Controller

3 reasons your business needs a Financial Controller

Small and medium-sized business owners have a lot on their plates. Depending on the size and structure of their organisation, their responsibilities can include hiring and managing staff, developing client relationships, monitoring the company’s growth strategy, and ensuring the business remains profitable — to say nothing of managing the day-to-day operations. One of the biggest…

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View Podcast – Maximising business potential with Áine Collins

Podcast – Maximising business potential with Áine Collins

Greg Canty, Managing Partner of Fuzion Communications and producer of the Win Happy Podcast series, chats with EFM Ireland’s Business Development Director and former TD, Áine Collins. Throughout the podcast, Áine discusses her new business development role and how EFM Ireland’s unique business model can help SMEs maximise their potential, with the help of our…

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View When is the right time to hire a Finance Director?

When is the right time to hire a Finance Director?

You’ve launched your business, sales are growing at a healthy rate, customers are lining up and there may even be interest being shown in international markets.  You should be basking in the light of your success, but instead you have so much to do, it’s hard enough to find 15 minutes to grab a sandwich…

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View Micro and small firms get R&D tax credit boost from Budget 2020

Micro and small firms get R&D tax credit boost from Budget 2020

Micro and small firms employing up to 250 workers will be allowed to write off up to 30% of their R&D costs and receive the finance much more quickly as part of Budget 2020. Crucially, the increase from the current R&D rate of 25% includes a commitment to allow small firms to gain the full…

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View Make your financial reporting more effective

Make your financial reporting more effective

Finance teams within small and medium-sized companies often say that financial reports prepared for board meetings, like profit & loss and trading reviews, get little or no reaction from attendees. In some cases, this could be due to the financial data not being understood fully or correctly. However, it could also be around providing insightful analysis…

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View How a Financial Controller can keep your business on track and help it to grow

How a Financial Controller can keep your business on track and help it to grow

It’s not always easy to manage your finances and keep them on track. For small businesses or larger enterprises it can be helpful to get a fresh perspective on your financial activities. Bringing the services of a qualified financial controller, as opposed to an unqualified bookkeeper or a practicing compliance accountant to your business could…

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