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.

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.

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.

As we step into 2024, understanding the economic landscape becomes crucial for businesses and individuals alike. We look at the anticipated economic patterns affecting Ireland and the broader global market, based on insights from various expert analyses and forecast reports.

In the world of economics and finance, interest rates are often viewed as the pulse that gauges the health of an economy. Their current structure and cost undoubtedly have a profound influence on economic growth. When we consider the landscape today, one can't help but ponder the long-term ramifications of persistent high interest rates, especially given the vast deficits that many nations carry on their ledgers.

The 10th of October marked the announcement of Budget 2024 with some significant changes coming into effect over the coming months. Download our budget summary below to read what changes may impact you and your business.

In the tumultuous waters of corporate America, the story of General Electric (GE) under the leadership of Larry Culp stands out as a beacon of resilience, strategic vision, and operational excellence. Facing $140 billion of crushing debt and significant operational issues, Culp’s leadership in navigating these challenges offers invaluable lessons for all, especially those in the SME sector.

Effective from the end of 31st August 2023, the special 9% VAT rate for certain services in the industry has been discontinued. As we transition into this new phase, these specific services will be subject to the standard VAT rate of 13.5%.

We're committed to keeping our clients informed about the latest changes in employee compensation and benefits. Below, you'll find a summary of recent updates, including changes to pension enrollment, tax guidelines for pension lump sums, mandatory employer reporting details, and new provisions for leave related to medical care and breastfeeding. Staying updated with these changes is essential for smooth business operations and ensuring the well-being of employees.

We took some time out to sit down with NKC founder Neville Kavanagh. A veteran in the business world. Neville is a fountain of knowledge, having weathered the storms of entrepreneurship and navigated the ever-changing tides of not just our own industry, but those of our clients too.