Starting a new business venture can be exhilarating, but it also comes with a range of financial challenges. Whether you’re expanding into new markets or launching a completely new product line, integrating the venture into your existing financial plan is crucial for ensuring long-term success.

As part of your ongoing personal tax compliance, it's important to be aware of Capital Gains Tax (CGT). CGT is a tax that individuals in Ireland need to pay when they make a profit from selling certain assets.

Budget 2025 has delivered a significant boost for workers and households, addressing the cost-of-living crisis. However, the implications for businesses are more nuanced. While some sectors will benefit, others face challenges.

As a self-employed individual in Ireland, understanding preliminary tax is crucial. This tax is an estimate of the amount you'll owe for the current trading year, covering income tax, Pay Related Social Insurance (PRSI), and Universal Social Charge (USC).

Taxes are a fact of life, but that doesn't mean you have to pay more than necessary. In Ireland, the government offers various tax credits designed to ease the burden on taxpayers. This guide explores some of the most commonly claimed tax credits, helping you understand what they are, who qualifies, and how to claim them.

The Irish government has introduced a new grant scheme, Power Up, to provide much-needed financial support to struggling retail and hospitality businesses. With a total budget of €170 million, the grant aims to help businesses offset the rising costs associated with operating during the busy Christmas period.

For self-employed individuals in Ireland, the deadline for filing your self-assessment tax return is October 31st, 2024. However, if you've signed up for Revenue Online Service (ROS), you'll have until November 14th, 2024 to file and pay.

For self-employed individuals in Ireland, the clock is ticking on their annual self-assessment tax return. With the official deadline of October 31st, 2024 looming, understanding the process and navigating the complexities can feel overwhelming.

The Network and Information Systems Directive 2 (NIS2) is a key EU legislation aimed at bolstering cybersecurity across the continent. By imposing stricter requirements on companies to protect their digital infrastructure, NIS2 seeks to create a more resilient and trustworthy business environment.

Budget 2025, presented by Minister for Finance Jack Chambers, introduces several impactful changes aimed at benefiting small and medium-sized businesses. From adjustments to income thresholds to new relief measures, this budget brings about significant updates that could directly affect your business and its financial outlook.

The European Union has taken a significant step forward in its efforts to combat money laundering and terrorist financing with the introduction of its new Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) package.

To stay competitive in business, keeping costs in check is crucial. Smart cost management helps businesses not only boost profits but also stay  ahead of competitors and grow in sustainably.

Credit control is essential for every business, even though it's often overlooked. It’s more than just keeping track of who owes you money; it’s a smart, proactive approach to getting paid on time and maintaining a healthy cash flow.

An unpredictable economic climate seems to be the norm these days, with businesses faced with a unique set of challenges that can strain financial stability. Changes in inflation, fluctuating interest rates, and global uncertainties, mean that maintaining a healthy cash flow is more important than ever. Cash flow - the movement of money in and out of a business - acts as the lifeblood of any organisation.

A cash flow forecast is a vital financial tool that can provide valuable insights into the health of your business. It offers a detailed prediction of your incoming and outgoing cash, allowing you to make informed decisions about your operations and future growth.  

The Corporate Sustainability Reporting Directive (CSRD) represents a pivotal moment in corporate accountability, demanding unprecedented transparency from businesses across the European Union. This regulation, a significant expansion of the Non-Financial Reporting Directive (NFRD), mandates a broader range of companies to disclose their environmental, social, and governance (ESG) impacts in detail.

The impending introduction of pension auto-enrolment in 2025 is set to significantly impact Irish employers, particularly small and medium-sized enterprises (SMEs). This government initiative aims to increase the number of people saving for retirement by automatically enrolling eligible employees into pension schemes. While the goal is commendable, the practical implications for businesses, especially SMEs, could be far-reaching.

In business finance, understanding key financial ratios is crucial for evaluating the health and performance of a company. These ratios provide insights into various aspects of a business, from profitability to liquidity, and can guide strategic decision-making. Here, we explore some of the most important financial ratios every business should monitor.

There have been some recent updates to Capital Acquisitions Tax (“CAT”) reporting obligations in respect of certain loans between close relatives. The new rules, which came into effect from 1 January 2024, apply to both new and existing loans and apply irrespective of whether any tax is due or not. This new tax filing requirement does not create any new tax liabilities.

The government has announced details of new legislation for the auto-enrolment pensions savings scheme. It’s designed to encourage workers to save for their retirement and make it more straightforward for businesses to offer a workplace pension option.