Much has been spoken about Ireland’s financial turmoil over the past couple of years yet the focus has tended to centre predominately on the economic struggles of both government and traditional financial institutions. Little has been mentioned of the emergence of so-called non-bank finance in light of increasing caution amongst Irish banks meaning that they are reluctant to lend to SMEs. In other words, the kinds of companies that make up Ireland’s economic backbone, the kinds of companies that... Read more >

The world is constantly shrinking, perhaps not in physical terms but certainly in the way in which business is conducted. Going to work overseas is no longer a major decision and many contractors opt to accept projects abroad on a regular basis. But whilst travel and international working relationships may have advanced, has UK tax rules evolved enough to keep pace with the changes? We take a look at the dreaded area of IR35 and examine whether it applies to contractors who work overseas. An overview... Read more >

Being self-employed is a dream for many people. The capacity to make decisions on everything from expenditure to working hours, not to mention relieving the pressure of following orders from management make it palatable; but being your own boss comes with additional pressure, much of it financial. Keeping an eye on the balance sheets is even more important when working for yourself. Starting out If you’re about to become self-employed for the first time, there are a number of things you will need... Read more >

Business savings accounts. It pays to shop around when looking for a home for your reserves. Any successful business will ensure it has cash in reserve. Whether that’s for expected costs such as tax bills, to prepare for expansion or to cover those troughs that can occur in any business, having a buffer certainly makes sense. The question is what to do with that cash. While interest rates aren’t high for anything at the moment unless you want to borrow money, of course – it’s worth looking... Read more >

If you want your business to succeed, it’s imperative that you keep on top of your finances. Although there are few statistics around to prove it, it’s believed that a significant number of businesses that fail don’t do so because there is anything wrong with the business proposition. It’s because they haven’t been able to manage the money coming in and money going out so they can keep on top of their bills. Cashflow forecasting enables you to predict peaks and troughs in your cash balance.... Read more >

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