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1. Real-time access to financial data One of the key benefits of cloud accounting software is that it provides businesses with real-time access to their financial data. With traditional accounting methods, businesses had to wait until the end of the month or even the...

1. Keep track of your expenses One of the most important tax planning tips for freelancers and small business owners in Ireland is to keep track of your expenses. By tracking your expenses, you can claim tax deductions on business-related expenses and reduce your tax...

1. Register for Payroll Purposes with the Irish Revenue Commissioners Register with the Irish Revenue Commissioners for payroll purposes. This can be done online or by filling out a registration form and submitting it by post. 2. Obtain a Tax Registration Number (TRN)...

1. Register for Tax and PAYE The first step in setting up a payroll system in Ireland is to register with the Irish Revenue Commissioners for tax and PAYE. This will allow you to deduct taxes and other social security payments from your employees’ wages. 2. Obtain...

This may be a tax-effective way to take money out of your company. We assist you in determining whether you qualify for this tax relief. What is Entrepreneur Relief? Entrepreneur Relief is a capital gains tax break that allows an individual (referred to as the...

Scope of Corporation Tax Corporation tax is levied on profits earned by limited companies that includes trading profits, Disposal or sale of assets, and investments.Non Resident companies or Branches of Foreign companies operating in Ireland are also subject to...

For SMEs, accurate bookkeeping is crucial. Here are the greatest accounting blunders to avoid. Correct bookkeeping is crucial. You may get current management information on the performance of your organisation via good bookkeeping. One of a small business's strongest...

Taxes are a complex subject, and they can become even more confusing when you factor in real estate. However, we hope to make it simpler for you with our Top Tax Tips for New Landlords. Declare Your Income Tax and Register! You must declare any rental property income...

Recently, I've heard people discussing the tax return filing deadline, so I was wondering if I needed to file one myself. Everyone in Ireland who earns money is required to pay taxes. Because of how our tax system is set up, if you work as an employee, your tax is...

Every business should strive to keep overhead costs to a minimum, but SMEs in particular should do so because their budgets are typically smaller. An internal accounting team or corporate accountants can be a very expensive overhead for a small corporation. Of course,...