Expanding a business is an exciting opportunity, but it requires careful planning to avoid financial pitfalls. Whether you're opening new locations, diversifying your offerings, or scaling operations, ensuring financial stability is key. However, it also carries financial risks, such as cash flow shortages, increased debt burdens, and operational inefficiencies, which must be carefully managed.

The Irish government's decision to extend the reduced VAT rate on gas and electricity for small businesses until April 2025 offers a temporary reprieve. However, the looming increase to 13.5% in May 2025 threatens to deliver yet another blow to already struggling small businesses.