Our aim is to help businesses grow, to increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on 021 4310266 or email us at [email protected] if you wish to do business with us
SAVE TAX- BENEFIT IN KIND EXEMPTION FOR TRAVEL PASSES
By Noel Murphy
For some years an exemption has been available where an employer can purchase a bus, rail or ferry pass for an employee under an approved salary sacrifice arrangement. The exemption means that no tax is payable on the benefit-in-kind.
Recently Revenue issued a clarification to show that an employee can enter into one of these salary sacrifice arrangements, with their employer's agreement, more than once a year and the exemption will still apply.
BUSINESS GROWTH- ARE YOU USING THE 80/20 PRINCIPLE?
By Seamus Parfrey
For many businesses an 80/20 analysis can be very beneficial. What is it? And how could you use it in your business?
What Is It?
The idea behind the 80/20 principle is that the relationship between causes and effects is not balanced. That 80% of the results come from 20% of the effort. 80% of the consequences come from 20% of the causes. This is not perhaps what you would expect, but it has been proved to be remarkably accurate.
TIME MANAGEMENT- THREE SIMPLE WAYS TO MAKE MORE TIME
By Noel Murphy
The stresses of daily modern life and running a business or doing a job effectively mean that most of us struggle to get enough time to do everything. So here are 3 ways to create more time for yourself. Not everything stated will work for everybody, but try them out, customise them and see what works for you.
In this ongoing series we look at some of the challenges facing businesses when it comes to dealing with late payments from customers.
This month we consider whether late payment from a customer signals a bigger problem.
Late Payment - An Indicator That The Customer Is In Difficulty
Customers pay late for various reasons. In some cases it is a deliberate, tactical move on their part to preserve their own cashflow. In other cases it is an administrative problem. Perhaps they are disorganised. But of course it can also be because the customer is in financial difficulties and they are paying late as a way of using its suppliers to prop up the business.