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Property - Stamp Duty & Your Labour

It's a balmy 9 degrees in Tramore but plenty of Sunshine and a 1% chance of rain. If it rains today, I will be getting onto the developers of that free app on my phone! Not quite break out the cider and soak up the rays in the back garden yet, but the fact that thought is there is a positive. My running has improved a small bit and would classify it as going from very slow to slow. The Kate Bush song "Running up that hill" always enters my head when I'm on that last mile. The first line of that ...

April 16, 2021

Family Wages - Keeping It In The Family

We are back after a week off. I was moving house, so packing, cleaning, and scrubbing took preference to our weekly blog. I still managed to indulge in plenty of chocolate on Easter Sunday though! I haven't gone far, only up the hill in Tramore, so my sea view has gone. I do a bit of running to counteract the sweet tooth. When I come out the door and turn left the first mile is glorious as all downhill. The downside of this is that the last mile home is pure hell. Slower than a slow snail, plodd...

April 9, 2021

An Introduction to Holding Companies In Ireland

It's a gorgeous day here in Tramore. A bit of a nip in the air but beautiful sunshine. The seagulls seem happier and some early morning walkers are enjoying a stroll on the prom. What a feast of rugby we had last weekend. Some unreal performances from Henshaw, Beirne, Conan, and Sexton to give us all a lift. And wipe that smug smile off Eddie Jones’ face and a fitting send-off for CJ Stander! Amazing that there was so much more drama to come in the Wales French match. It was an unreal second h...

March 26, 2021

Disposing of your Business - Company Liquidation

We have to give CJ Stander a mention. He announced his retirement in a dignified and understated manner. He could continue to play for another few years and earn great money. But for him, it isn't about the money but a desire to return to his family in South Africa. Us ordinary Joes view the life of a professional sports player as glamorous and full of riches. But it has to be pretty lonely at times, when in camps and family is at the other side of the world. Rugby players careers are short, and...

March 19, 2021

Options To Exit My Business - Part 2

I am meandering my way through Sean Gallagher's book 'Secrets to Success'. The book is excellent. The focus is on the success stories of many Irish businesses that we know something about, but not a lot. I recently read about Done Deal. It was set-up in 2005 by Fred Karlsson and his wife Geraldine from Co. Wexford. Fred was a computer programmer. Before they left Sweden, they sold their furniture on a Swedish website like Done Deal. When they got here, they were looking to buy furniture for thei...

March 12, 2021

Options To Exit My Business - Part 1

It's a nice calm day in Tramore. Although there is a lonely wave or two creeping over the prom wall. Waiting to engulf an unsuspecting passerby. The Metalman is visible and surveying the bay for early morning swimmers. All that is missing is a whistle and a warning light to assume the role of enthusiastic lifeguard. This day last year I was on the way to Malaga. Someone asked me would I not be a bit worried about what was going on over there. My answer was not at all "sure I could get THAT over ...

March 5, 2021

What Will Revenue Look At In 2021?

It's great to see a stretch in the evenings and brighter days following the near monsoon earlier in the week. A lot of very stressed-out parents are ecstatic that their little pride and joys and going back to school. Food bills will fall and relaxing tea breaks will rise. The hair is gone beyond ridiculous. It is more of a "hair don't" than a hairdo, like in the Donegal Catch ad. I have put on a few pounds and am putting it down to the weight of my hair. If unexpected bumps start appearing in ot...

February 26, 2021

What Do Revenue Know About You?

Wow, what a morning out there! That's wet rain in its truest sense. A flock of wet seagulls were stuck to the balcony window this morning. They had that look of disappointment. Knowing they made a mistake coming back from their holidays in Africa too early. It's week 11 now without a haircut. My locks are now the size of my usual hair. The rest of it is gone so high and thick I won't need a pillow in bed soon. The choice is leave it as is or let my 15-year-old son take revenge on me with hedge c...

February 19, 2021

Tax Tips When You Sell Assets - Part 2

Still sitting here waiting for the snow to arrive. Hair is growing at a rapid rate. I felt something move around up there. It could be a flock of seagulls. I need a team of barbers with scythes, hedge clippers, and buckets of patience to sort this out. Our business was 10 years old yesterday which sparked wild celebrations. The weather was wild, and the celebration was a socially distant cup of coffee on the prom in Tramore. Last week we looked at tips when selling assets. We looked at expenses...

February 12, 2021

Tax Tips When You Sell Assets - Part 1

The weekend is upon us. According to recent surveys, we will be heading to the supermarket for the finest cuts of meat and treats. Oh, don’t forget the wine and craft beers! We will be a bit scruffier as we are not buying shampoo or razors. Going by the cut of me a hair grooming kit would be a wise buy. Am a cross between a grumpy Gallagher brother and the 5th Beatle. A wooly hat is a must to hide the offending mop on the streets of Tramore. Last week we spoke about some Tax tips for business ...

February 5, 2021

Business Owners - Tax Tips for 2021

We are almost there where we can say goodbye to one of the worst months ever. Adios January we won't miss you. Apart from the extension to level 5 until March let's hope that February will be a better month. We need to get the small ones back to school and if we can continue reducing the numbers that has to happen. From a sporting viewpoint my delight in seeing Burnley & Man Utd beat Liverpool, in a space of 4 days, was short. When all was going so well for us we lose to Sheffield Utd at home. W...

January 29, 2021

Company Directors - What salary do I need?

We are dragging ourselves through January which was best described by a friend as a very bland month. We will persevere and hope is on the horizon. Great to see numbers dropping in a small way. It's fantastic to see healthcare workers and people in nursing homes getting vaccinated. It would be a major plus to see kids going back to school although they may not think so! "The greatest glory in living lies not in never falling, but in rising every time we fall"  Nelson Mandela Last week...

January 22, 2021

Business Supports - What's out there?

We are half-way through January. The weather has picked up, so we only need 3 layers for the walks. Dry January didn't start and watching Ireland's fittest family is the closest I have come to sweat. But there is hope on the sporting front. Man Utd have found themselves top of the Premier League and Brian Cody is back at the helm in Kilkenny again. These are distractions from the grim month that it is. Hats off to our healthcare workers who are doing everything they can to keep the system going....

January 15, 2021

10 Things to know about the Employee Wage Subsidy Scheme

Happy New Year to you from all here at Comerford Foley It has been a difficult start to the year for many with wide ranging restrictions in place. Hope is on the horizon with two vaccines approved and vaccination in progress. It's super to see our healthcare workers and nursing homes residents getting priority. We will have to hang in there until it's our turn. It looks like Level 5 will be here for a couple of months until there is some level of control. We are back where we were last March but...

January 8, 2021

Tax Saving Tips - Part 2

Hard luck to Waterford last weekend. What can you say? They came up against a team that was on fire on the day. Limerick were like a human wrecking ball that smashed everything before them. Their whole team was excellent and had 3 or 4 wonder performances on top of that. Huge credit to Waterford for the season they had. They couldn't have given any more and they never gave up. They have come a long way in a year. I am sure the Waterford fans will look forward to getting behind their team in the ...

December 18, 2020

10 Tax Saving Tips - Part 1

I have to start this blog by wishing Waterford the very best on Sunday afternoon. It would be an amazing achievement to get over the line. It's exciting to see all the flags around and the buzz it's creating. Best of luck to the panel and the background team from all at Comerford Foley. The only downside of a win is that we will have to send out a search party for some team members next week Last week we looked at Income Planning. The aim was to show how you can minimise your taxes and maximise ...

December 11, 2020

Income Planning

It's difficult for me to say this but well done to Waterford last Saturday evening in Croke Park. It was one of those games where Kilkenny would have been happy at half-time. Waterford supporters would have had a sense of "oh no here we go again". Waterford hurled in the second half like their lives depended on it. There were superb performances all over the field. They dominated possession in the middle third and there were some wonder scores. It will be a long winter for Brian Cody and his cha...

December 4, 2020

How to choose your accountant

We can't start this blog without mentioning the Kilkenny Waterford Match this weekend. It should be a cracker with both teams coming in full of confidence. We have an office divided. A virtual office for now! Two staunch Kilkenny fans surrounded by 4 hardy Deise supporters. Our new recruit from South Africa is keen to find out more about this crazy game. Our lady from Moldova has little interest and is living in Ferrybank. She must have divided loyalties so. We can roll out all the cliches. Best...

November 27, 2020

Business insights from Sean Gallagher

Last week we spoke about planning for 2021. To find out more about “I love it when a plan comes together” Read here I was on a webinar yesterday organised by Business All Stars. The guest speaker was Sean Gallagher. Sean is well known in Irish business circles as a very successful entrepreneur. He ran for the presidency and also starred on Dragons Den. Don’t pick a fight with him. He has a black belt in karate and judo. This webinar was both interesting and inspiring. The purpose of the b...

November 20, 2020

I love it when a plan comes together

Those of you old enough may remember Hannibal from The A-Team. He was the cigar-smoking, black-gloved leader who thrived on adventure and planning. With Murdock, Faceman and Mr T, they got into and out of many life-threatening adventures. And when the plan came together the cigars came out. Last week we looked at a pension’s journey for a company director. In case you missed it click here We are going to look at planning for 2021. Not as exciting as The A-Team but there are similarities. We ar...

November 13, 2020

Extracting Value from your company - The Pensions Journey

Last week we had a look at the Covid Restricted Support Scheme [CRSS] In case you missed it Read here Pensions, some people love them, and some people hate them. They are often very misunderstood. The purpose of this blog is to look at a pensions journey through your company. It will attempt to take out the complication so that you can understand the basics I am a fan and have two pensions, one with Zurich and the other with New Ireland. Nothing major but I was lucky enough to be able to make sm...

November 6, 2020

10 questions answered on the Covid Restrictions Support Scheme

Last week we spoke about the technology that has helped us a lot in our business since the onset of Covid-19. In case you missed it Read here To help businesses understand a bit more about the supports that are out there we are going to look at the CRSS. We will focus on 10 key points so that you can understand it better and see if this is something that you can apply for. 1. Who is it for? It is for trading businesses whether they are companies, sole-trader, or partnerships. The business must b...

October 30, 2020

How Technology can help your business

I changed my password to "incorrect" so whenever I forget what it is the computer will say "your password is incorrect" - Minion Quotes We are going to look at some of the technologies we use in our business. These have helped us a lot in the last 7 months. It has moved us towards our goal of being a paperless office. Some of these technologies can help your business too. Last week we spoke about the last 6 months in our business. How our staff excelled, how cashflow was vital and the difficult ...

October 23, 2020

When the going gets rough the rough get tough

Same song from Lionel. it reminds me of the team here in these last few months. When the going was tough, they got going. Last week we spoke about our experience as a small business in the first few weeks of lockdown. In case you missed it Read here. This week we will look over the last few months to see how things panned out. As mentioned in the earliest weeks of the pandemic there was a sense of fear for the future. There was uncertainty about the business and a concern for the welfare of ...

October 16, 2020

When the going gets tough the tough get going

So sang Lionel Richie. Our younger readers are going Lionel who? This week we are going to look at what it has been like in CF over the last 7 months. We will look at the life of a small business in that time. The struggles, the hard decisions, the losses, the wins, and some of the lessons learned. We will look at the early months this week and follow up next week on the last few months. Last week we spoke about the importance of your compliance and how vital that is in the current time. In cas...

October 9, 2020 Posts 1-25 of 162 | Page next
 

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