By Robert Lohan FCA, CTA – Tax Director, DHKN The Temporary Business Energy Support Scheme or TBESS was warmly welcomed by business owners and other organisations across the country when it was announced as part of Budget 2023. (This update reflects changes made by Revenue up to 5 December 2022.) The main goal of the […]
TEMPORARY BUSINESS ENERGY SUPPORT SCHEME (TBESS) EXPLAINED & UPDATED Read More »
By Dave Hickey F.C.A. Many businesses experienced rapid sales and staff income growth in recent years but are now facing increased uncertainty due to inflation, a less positive global outlook and recent events in the tech. sector. While the focus on sales and service is crucial for a company’s long-term survival, there is often significant
IMPROVE YOUR CASH FLOW – MANAGE YOUR CURRENT ASSETS Read More »
By Dave Hickey, F.C.A. Cost management is always important but it’s vital in tough times. It’s tempting to slash any costs you can, but this can be counter productive. A sudden change in projected or actual income – compared to your plans or prior periods – can trigger an immediate call for cost cutting from
WHEN YOU’VE GOT TO CUT COSTS – NOW! Read More »
By Dave Hickey F.C.A. While we may not be officially in recession, we’re certainly seeing signs of a slowdown in many parts of our economy. So, as concerns over the European and global economies grow, it is essential that all businesses, particularly small and medium-sized enterprises, are properly prepared for financially-testing times. Sound business and
BUSINESS PLANNING FOR AN ECONOMIC DOWNTURN Read More »
By Robert Lohan, Tax Director, DHKN Revenue’s Debt Warehousing Scheme (DWS), established at the start of the pandemic, allowed businesses to defer payment of taxes until activity levels returned to some level of normality. Any unpaid debt has been interest free so far and is due to start incurring interest at 3% from 1 January
REVENUE DEBT WAREHOUSING: RECENT CHANGES AND WHAT YOU NEED TO DO NOW Read More »
New BIK rules may be costly for staff By Robert Lohan, Tax Director at DHKN From 1 January 2023 Benefit in Kind (BIK) on company cars will be calculated by reference to their CO2 emissions. The BIK on company vans will also increase, from 5% to 8% on this date. For many employees this will
HOW WILL THE NEW VEHICLE BIK RULES IMPACT YOU AND YOUR STAFF? Read More »
By Pamela Wynne You may not be considering disposing of your business right now or even in the short-term. However, you may need to move on from the business for many reasons and it’s good to have a plan as well as an understanding of what’s needed to make a successful sale. Buyers generally look
PREPARING YOUR BUSINESS FOR SALE Read More »
By Dave Hickey With so much uncertainty facing businesses right now, planning may seem futile; but if we don’t prepare – with flexibility – then the coming months will be much harder. Damian Browne arrived home today, after spending 99 days alone rowing from New York to Galway. His journey was full of uncertainty –
“THE KEY IS NOT TO PREDICT THE FUTURE BUT TO PREPARE FOR IT”: DEALING WITH UNCERTAINTY Read More »
Ministers Donohoe and McGrath presented Budget 2023 today as the “Cost of Living Budget”. The Budget contains a series of tax measures and additional expenditure to help families and businesses deal with rising costs. The Budget includes one-off measures worth €4.1 billion and budgetary measures for 2023 worth €6.9 billion. TAXATION MEASURES text INCOME
BUDGET 2023 AND YOU: TAX & OTHER IMPACTS Read More »
By Dave Hickey As a leader of a growing or mature business your focus needs to be on developing new products or markets, improving efficiency or service and encouraging the team around you to use their expertise to meet today’s, as well as tomorrow’s, challenges. You know you can’t do everything, but it’s difficult to
OUTSOURCING CAN GIVE BUSINESS LEADERS THE TIME TO FOCUS ON WHAT THEY DO BEST Read More »
