DIRECTORS PPSN REQUIRMENTS CRO

According to an upcoming provision in the Companies Corporate Enforcement Act (2021), directors will soon be required to provide their Personal Public Service Numbers (PPSNs) to the CRO in several instances, such as when incorporating a new company, updating...

SOLE TRADER V INCORPORATED COMPANY

A sole trader in Ireland is a business that is owned and operated by a single individual. This type of business structure is relatively simple to set up and manage, and there are relatively few legal requirements that must be met in order to operate as a sole trader....

WHAT ARE THE KEY ELEMENT TO KEEPING YOUR BUSINESS AFLOAT?

Keep your books up to date all the time. It might be tempting to put off “doing the books” since it’s a bit of a chore, but if you force yourself to do it regularly it becomes a habit and you’ll have the advantage of knowing what your figures are at all times. As soon...

THE NUMBERS THAT MATTER

What numbers do you need to track to manage your business effectively? Depending on your goals, there are several ways to track your numbers, but the basics for all businesses are: turnover; cost of sales; operating expenses; taxes; and operating profit. Turnover –...

TIPS AND GRATUITIES – NEW LAWS

New laws on gratuities mean that businesses in hospitality – restaurants, hotels, taxis, hairdressers, delivery services, among others – must distribute all tips, gratuities, and service charges received by electronic means fairly to staff, including contractors,...

TEMPORARY BUSINESS ENERGY SUPPORT SCHEME (TBESS)

In October Revenue announced the introduction of the Temporary Business Energy Support Scheme (TBESS) to assist companies in Ireland who are suffering from large increases in their operating energy costs. Whether gas or electricity, so long as your company is tax...
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