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Articles relating to Business and Business Tax. Please feel free to get in touch with the team here at BKRM Nexus if you need help with starting or running your business. We are happy to provide a free consultation.
Whether your company requires an audit depends on its size, circumstances and compliance with the conditions set out in Irish company law. As those requirements can change, it is important to review your position rather than assuming that an exemption automatically applies from one year to the next.
If you are self-employed, a sole trader or a company director who is required to file an Irish Income Tax return, preliminary tax is an important part of managing your annual tax obligations. Unlike PAYE employees, whose tax is generally deducted automatically from their salary, self-assessed taxpayers need to calculate and pay their own tax liabilities.
By learning what the key figures represent, you can identify opportunities for growth, spot potential problems early, improve profitability, and make more informed decisions about the future of your business.
Managing finances effectively is one of the most important responsibilities for any business. From bookkeeping and payroll to tax compliance and financial reporting, accounting plays a central role in maintaining financial stability and supporting growth. As businesses grow, owners often face an important decision: should accounting functions be handled internally or outsourced to an external accounting firm?
Capital Gains Tax (CGT) is an important consideration for Irish business owners, investors, and company directors. Whether selling a business, disposing of shares, transferring assets, or planning retirement, understanding how CGT works can make a significant difference to the amount of tax ultimately payable.
A mid-year financial review is one of the most valuable but often overlooked exercises for Irish businesses.
Whether selling goods or services within the European Union or exporting to international markets, cross-border trade presents significant opportunities as well as additional VAT and compliance obligations. While expansion can increase revenue and diversify risk, it also introduces more complex tax rules that must be carefully managed.
For Irish businesses, director’s loans can be a useful way to manage cash flow or fund business activities. However, these transactions carry significant tax and legal implications if not handled correctly.
Revenue has already made significant progress through systems such as ROS and real-time payroll reporting, and the next phase is likely to involve wider adoption of e-invoicing and automated reporting.
Attracting and retaining good staff remains a priority for Irish employers, particularly in a competitive labour market. While salary increases are one option, they are not always the most tax-efficient way to reward employees.
January is an ideal time for businesses to pause, reflect, and set clear financial goals for the year ahead. With the previous year’s accounts either finalised or close to completion, business owners have valuable data at their fingertips.
Introduction: The Importance of Year-End VAT Review As the year comes to a close, ensuring your VAT affairs are in order is critical for Irish businesses. A thorough VAT year-end review can help avoid errors, missed claims, and potential penalties, while also...