News & Views
How To Pay Yourself Tax Efficiently
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25 Aug 2011 14:34
Even when a business is operating profitably, paying yourself a good salary isn’t quite as straightforward as you think. Owner-managers of small businesses are subject to several obligations that they need to be aware of before they begin paying themselves, along with the same taxes as any ordinary employee. Business owners can, however, control and manage their tax liabilities while still complying with all the Revenue’s guidelines: the key is careful advance planning, organisation and ...
Setting up a Business – Your Options
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18 Aug 2011 14:37
Sole Trader/Partnership
Setting up as a sole trader is the easiest way of establishing a business. However, sole traders can only be registered to individuals; if you find yourself in a situation where you are registering a business with another individual or indeed, more than one other person, the business can be registered as a partnership.
In order to set up a sole trader or a partnership, a TR1 Tax Registration form must be filled out and sent to the Revenue Commissioners...
Beware the Dangers of Bad Cashflow Management
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11 Aug 2011 14:54
Cashflow management is one of the biggest problems facing Irish businesses today. A company may well be able to monitor its profit and loss results on a month-to-month basis but regardless of profit forecasts, no business can expect to continue to trade if it is not in control of its cashflow.
To pinpoint the exact problem when it comes to cashflow is difficult – after all, no two companies are the same. However, at DCA Accountants and Business Advisors, we have seen a trend developin...
The Truth Behind Bank Debt
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3 Aug 2011 13:04
How your company can handle debt effectively
Tighter controls from all financial institutions in Ireland are taking their toll on small businesses. From what we see at DCA Accountants and Business Advisors on a day-to-day basis dealing with our clients is that while it may seem that the banks are closed for business, they are simply much more stringent in their loaning policies. Some business owners, who may be running viable companies but at the same time cannot get credit, can often be left wonde...
