Introduction: In an era of rapid technological advancement, the accounting landscape is undergoing a profound transformation. For small and medium-sized enterprises (SMEs) in Ireland, this shift holds immense potential to streamline financial processes, enhance efficiency, and drive growth. In this blog post, we will explore the impact of digital transformation on accounting practices, with a […]
Introduction Small and Medium Enterprises (SMEs) are the backbone of Ireland’s economy, accounting for over 99% of all businesses in the country. These businesses play a crucial role in driving economic growth and creating jobs. However, for SMEs to thrive in the long term, effective financial planning is essential. In this blog post, we will […]
1. Keep Accurate and Organized Financial Records Maintaining accurate and organised financial records is the foundation of good accounting practices. Invest in reliable accounting software or work with a professional accountant to ensure your records are up-to-date and properly categorised. Keep track of income, expenses, invoices, and receipts to have a clear picture of your […]
As an entrepreneur, there’s nothing you’d like more than the opportunity to save a few expenses. One of the tax reliefs you can leverage to save some money is the Capital Gains Tax entrepreneur relief. The relief was introduced in 2013 under the Finance (No 2) Act 2013 and revised in 2015. It aims to […]
Freelancing is a growing industry not only in Ireland but also around the world. There are people taking a leap into full-time freelancing. Others take it up in addition to their full-time job. If you’re taking up freelancing, it’s important to know that you’ll be expected to submit your income tax returns in October each […]