Value Added Tax (VAT) is critical for small businesses. It is a consumption tax levied on the value added to goods and services at each stage of production and distribution. In Ireland, VAT is charged on most goods and services registered businesses provide. The responsibility of understanding and adhering to VAT regulations falls upon these […]
In today’s complex financial landscape, having a skilled accountant is more than just a necessity for Irish businesses—it’s a strategic advantage. From navigating tax codes to optimizing financial performance, accountants play a pivotal role in the success and sustainability of businesses. Here are seven key insights into why every Irish business, regardless of size, should […]
In the evolving landscape of business finance management, Xero has emerged as a game-changer for Irish businesses, heralding a new era of efficiency, transparency, and strategic decision-making in accounting practices. This comprehensive guide explores the multifaceted impact of Xero, a leading cloud-based accounting software, on transforming the financial management of small and medium enterprises (SMEs) […]
For small and medium-sized enterprises (SMEs), accounting is not just about keeping track of finances; it’s about building a solid foundation for business growth and success. By understanding and implementing sound accounting practices, SMEs can gain valuable insights into their financial performance, make informed business decisions, and navigate the ever-changing business landscape with confidence. The […]
For Irish SMEs, payroll management can be a daunting task, often shrouded in complexities and intricate regulations. Navigating PAYE, PRSI, statutory payments, and employment law considerations can be challenging, especially for those without specialized expertise. This blog post aims to demystify these complexities and provide a comprehensive guide to payroll management for Irish SMEs. PAYE: […]
As seasoned accountants with years of experience in helping SMEs navigate the intricate Irish tax system, we at Coffey&Co understand how overwhelming it can be for business owners to decipher the complex rules and regulations. Fear not, for we’re here to demystify the Irish tax landscape and empower you to make informed financial decisions for […]
Introduction In the contemporary business landscape, small and medium-sized enterprises (SMEs) are seizing opportunities in the gig economy, offering specialized products and services to a global audience. The team here at Coffey&Co are industry trusted accountants and financial experts. We recognize the significance of financial success for SMEs. Let us will guide you through the […]
Introduction: Accurate financial records are the bedrock of a healthy and thriving business. From tracking expenses to ensuring compliance, meticulous accounting plays a pivotal role in making informed business decisions. Unfortunately, common accounting mistakes can undermine the integrity of these records, potentially leading to financial discrepancies and compliance issues. In this blog post, we’ll explore […]
Introduction: Risk is an inherent part of business, and for small and medium-sized enterprises (SMEs) in Ireland, understanding and managing these risks is vital for sustained success. While accountants are often associated with number-crunching and financial reporting, their role has evolved to encompass a broader and more strategic dimension. In this blog post, we’ll explore […]
Introduction: In the dynamic world of business, staying ahead of the competition and navigating the complexities of the market requires more than just number-crunching. Today, businesses, especially small and medium-sized enterprises (SMEs), are seeking not only financial guidance but strategic insights that can drive growth and sustainability. This is where the role of accountants in […]