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 […]
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 […]
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) […]
The landscape of taxation in Ireland is constantly evolving, and for SMEs, staying ahead of these changes is crucial. As we step into 2024, a range of legislative amendments is set to redefine the fiscal responsibilities of small and medium enterprises. This guide delves deep into these changes, offering actionable advice for compliance and optimization. […]
Remember the days when brand endorsements meant Hollywood celebrities gracing magazine covers? While traditional influencer marketing still holds weight, the digital landscape has shifted its focus towards a new breed: the micro-influencer. These individuals, boasting engaged communities of thousands rather than millions, are reshaping the game with their authenticity, niche expertise, and relatable content. So, […]
In today’s competitive business landscape, Irish SMEs are constantly seeking innovative ways to optimize their operations, enhance efficiency, and streamline administrative tasks. One area where technology can make a significant impact is in accounting, where Xero has emerged as a leading cloud-based accounting solution that empowers SMEs to achieve their financial goals. The Benefits of […]
As seasoned accountants with years of experience in helping SMEs navigate the intricate Irish tax system, we at Coffey&Co understand how overwhelming it can be for business owners to decipher the complex rules and regulations. Fear not, for we’re here to demystify the Irish tax landscape and empower you to make informed financial decisions for […]
Introduction: Value Added Tax (VAT) is a crucial aspect of financial management for businesses in Ireland. Understanding and correctly managing VAT is not only a legal requirement but also an essential part of running a successful enterprise. In this comprehensive guide, we will demystify VAT for Irish businesses, providing a clear understanding of the tax, […]
Introduction: Risk is an inherent part of business, and for small and medium-sized enterprises (SMEs) in Ireland, understanding and managing these risks is vital for sustained success. While accountants are often associated with number-crunching and financial reporting, their role has evolved to encompass a broader and more strategic dimension. In this blog post, we’ll explore […]
Introduction: For small and medium-sized enterprises (SMEs) in Ireland, effective tax planning is more than just a financial strategy – it’s a critical component of business success. Proper tax planning can help SMEs reduce their tax liability, free up capital for growth, and ensure compliance with Irish tax laws. In this comprehensive guide, we’ll explore […]