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Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace
Cork
Ireland

T: +353 (0)21 4310266
E: pm@parfreymurphy.ie
E-Newsletter
May 2016
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 pm@parfreymurphy.ie if you wish to do business with us
BUSINESS MANAGEMENT- ACCOUNTING IN THE CLOUD
By Seamus Parfrey

Over recent years as internet speeds and reliability have increased, we've all seen a big move towards storing things in the 'cloud'.

Think about music. Now instead of buying music in a physical format and building up a collection over time, we pay a monthly fee and stream our music from a supplier. Why?
BUSINESS MANAGEMENT- A FUNDAMENTAL STRATEGY FOR IMPROVING YOUR CASHFLOW
Seamus Parfrey
By Seamus Parfrey
 
Holding cash is much like trying to hold sand. It keeps pouring through your fingers and the tighter you try to hold it the less you manage to keep. However, when it comes to cash if you're alert to ways that you manage the flow of it in your business then you can certainly improve the situation.

A fundamental strategy that will help you to do this is to...
Funny Corner
 
A wife comes home one day, car screeching into the driveway, and screams, "Guess what honey? Pack your bags, I won the lottery!"
 
The husband is so excited, and says, "That's great! Should I pack for the mountains or the beach?"
 
She says, "I don't care, just get the hell out!"
BUSINESS GROWTH- ARE YOU TARGETING YOUR MARKET?
By Noel Murphy

Where do your customers come from? Do you know?

Often it can seem quite random.

The nature of running a business is such that you will go through periods of feast and famine. In a bid to try and beat the ups and downs most will try to be all things to all men. The thinking is that if you spread your net far and wide you stand the best chance of catching a prospect somewhere.


TACKLING LATE DEBTORS PAYMENT- PART 4 OF 5
By Seamus Parfrey

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 the importance of being prepared!

Always be prepared

Good preparation allows you to get things right from the start of the customer relationship and reduces the chance of your suffering because of late payment. Also, it can help you to have more certainty in planning for the future.



TAX DEADLINES & REMINDERS
By Aoife Ní Dhubhghaill

Deadline - 14 June 2016
PAYE/PRSI
  • P30 monthly return and payment for May 2016

Deadline - 14 June 2016
DWT
  • Return and payment for May 2016  

Deadline - 23 June 2016
RCT
  • Return and payment for May 2016                                                  

     

Deadline - 1 - 21 June 2016
Corporation Tax
  • Preliminary Tax for accounting periods ending between 1-31 July 2016
  • First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 December 2016
  • Returns for accounting periods ending between 1 - 30 September 2015
  • Pay balance of tax due on accounting periods ending between 1 - 30 September 2015
  • Returns of third party information for accounting periods ending between 1 - 30 September 2015

Where returns and payments for RCT, VAT, PAYE/PRSI and Corporation Tax are made electronically, the return and payment deadlines are the 23rd day of the month
Parfrey Murphy
+353 (0)21 4310266
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Parfrey Murphy | Lee View House | South Terrace | Cork | Cork | 0353 | Ireland