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.

The cryptocurrency landscape is undergoing significant changes, with recent developments in both the UK and the US reflecting a shift in how digital currencies, particularly Bitcoin, are perceived by governments and financial institutions alike. These shifts signal a broader acceptance and integration of crypto into traditional financial systems, something that business owners should start taking seriously if they want to stay ahead of the curve.

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.

The gender pay gap is the difference in the average hourly wage  of men and women across a workforce. It compares the pay of  all working men and women; not just those in similar jobs,  with similar working pattern or with similar competencies, qualifications or experience.

Retirement Relief is a valuable tax relief that can significantly reduce or potentially eliminate Capital Gains Tax (CGT) when you sell or dispose your business or farm assets.

With Artificial intelligence (AI) evolving at an exponential rate businesses are continuously exploring ways to integrate AI to enhance operational efficiency and drive innovation. Drawing insights from industry giants and cutting-edge technologies, let’s take a look into transformative AI applications and strategies that may reshape the future of business.

Keeping up to date with the latest regulations, we dive into the recent changes announced by the Revenue Commissioners regarding Enhanced Reporting Requirements (ERR) and the new adjustments to the Construction Workers Sick Pay Scheme (CWPS). These updates, effective from July 2024, bring significant implications for employers and employees alike. Stay informed and ensure your business is ready to adapt to these new requirements.

The IPASS Conference 2024 discussed some significant updates to Ireland's employment landscape, particularly with the introduction of the Auto Enrolment Retirement Savings System set to go live in Q1 2025.

Xerocon London 2024 buzzed with excitement as Xero unveiled a suite of innovative features designed to revolutionize accounting for small businesses and their advisors. These updates, focused on tax, payments, and payroll, promise to streamline workflows, boost efficiency, and enhance compliance management within the Xero platform.

As the amount of KPI and management information NKC generates for our clients increases, I often find myself in numerous team calls discussing decision-making with business owners and management teams. During these discussions, I recall an insightful interview clip from Jeff Bezos that frames the decision-making process effectively.