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    28 May by Coffey & Co.

    How to Get a VAT Number in Ireland

    Once registered for VAT in Ireland, businesses are assigned a unique VAT number that’s included in all VAT-related documentation and communication. This number not only validates a business as a registered trader but also instils confidence in business relationships by indicating compliance with Irish tax obligations. Keeping up-to-date with VAT regulations and maintaining accurate records […]

    18 May by Coffey & Co

    A Guide to Entrepreneur Relief in Ireland: Maximising Tax Breaks

    Entrepreneur Relief in Ireland offers business owners a significant opportunity to save on taxes when selling their business assets. This relief allows individuals to benefit from a reduced Capital Gains Tax (CGT) rate of 10% on qualifying business assets up to a lifetime limit of €1 million. This can be a game changer for entrepreneurs […]

    24 Apr by Coffey & Co.

    Sole Trader vs Limited Company in Ireland

    Choosing the proper business structure is a critical decision for entrepreneurs in Ireland. The two most common types are a sole trader and a limited company. Each has distinct advantages and implications for taxation, liability, and administration. A sole trader operates their business as an individual and is solely responsible for all aspects of the […]

    23 Apr by Coffey & Co.

    Understanding VAT Regulations for Small Businesses in Ireland

    Value Added Tax (VAT) is critical for small businesses. It is a consumption tax levied on the value added to goods and services at each stage of production and distribution. In Ireland, VAT is charged on most goods and services registered businesses provide. The responsibility of understanding and adhering to VAT regulations falls upon these […]

    17 Apr by Coffey & Co. Tags: , , , , ,

    Why Every Irish Business Needs an Accountant: 7 Key Insights

    In today’s complex financial landscape, having a skilled accountant is more than just a necessity for Irish businesses—it’s a strategic advantage. From navigating tax codes to optimizing financial performance, accountants play a pivotal role in the success and sustainability of businesses. Here are seven key insights into why every Irish business, regardless of size, should […]

    10 Apr by Coffey & Co. Tags: , , , , , , , , ,

    The Future of Work: Adapting to Flexible Work Arrangements in Irish SMEs

    The landscape of work is undergoing a seismic shift, driven by technological advancements and a growing emphasis on work-life balance. In Ireland, as elsewhere, Small and Medium Enterprises (SMEs) are at the forefront of adapting to these changes, particularly in the realm of flexible work arrangements. This blog post explores how Irish SMEs can navigate […]

    2 Apr by Coffey & Co. Tags: , , , , , , ,

    Understanding the National Minimum Wage Impact on Irish SMEs

    In Ireland, small and medium enterprises (SMEs) form the backbone of the national economy, employing a significant portion of the workforce and contributing enormously to economic activity and innovation. As such, any changes to the National Minimum Wage (NMW) have a profound impact on these businesses, affecting their operational costs, hiring practices, and overall sustainability. […]

    27 Mar by Coffey & Co. Tags: , , , , , , , , ,

    Harnessing Xero: Revolutionizing Digital Accounting for Irish Businesses

    In the evolving landscape of business finance management, Xero has emerged as a game-changer for Irish businesses, heralding a new era of efficiency, transparency, and strategic decision-making in accounting practices. This comprehensive guide explores the multifaceted impact of Xero, a leading cloud-based accounting software, on transforming the financial management of small and medium enterprises (SMEs) […]

    20 Mar by Coffey & Co. Tags: , , , , ,

    Advancing Beyond Basics: Navigating the Next Phase of Digital Transformation in Irish Accounting

    Following our exploration into the digital transformation revolutionizing accounting practices, it’s crucial to delve deeper into the specifics that are shaping the future for Irish businesses. This journey is not just about adopting new technologies but understanding how these tools are fundamentally altering the financial landscape. Cloud Computing: The Backbone of Modern Accounting Cloud computing […]