Business

Businesses are going to have to navigate through an uncertain year in 2023, meaning strategic planning is vital. One thing is certain this year, and that’s uncertainty. Inflation is driving costs higher; interest rates are at their highest level in years and the outlook for the economy is gloomy. To navigate through all of this […]

Digital technology, combined with fears of a recession, are changing the buying behaviours of customers and the traditional sales strategy. More people than ever before are working remotely and this means that face to face sales opportunities are often being replaced by digital interactions. This has given rise to hybrid selling. Hybrid selling is a […]

PAYE enhanced reporting requirements: The introduction in Finance Bill 2022 of Section 897C of the TCA 1997 will require employers to report to Revenue details of the following payments made to employees and/or directors. The requirement to provide PAYE enhanced reporting requirements will commence in 2024. Small benefit The total value of the tax-free benefit […]

Foreign Earnings Deduction (FED) is a relief from income tax (but not Universal Social Charge (USC) or Pay Related Social Insurance (PRSI)) for individuals who temporarily carry out duties of their office or employment in certain countries which was introduced as part of Finance Act 2012. Over the years the list of countries to which […]

Building a collaborative culture isn’t easy. If it was, all businesses would be good at it. Good results are dependent on good relationships. In order to build a collaborative culture in your business from the top down, the management team need to build good connections with each other. Talented business leaders may often struggle with […]

As we begin the new year, employers and employees are grappling with numerous challenges such as the cost of living, wellbeing, hybrid working and economic headwinds. Hybrid working has a number of benefits for staff and businesses – it can boost productivity, improve the wellbeing of employees, help to retain staff and reduce premises costs […]

With 2023 almost upon us, many Irish companies with UK directors who took out Section 137 Bonds due to Brexit two years ago, will need to renew their Bonds from the 1st of January 2023. The Non-EEA Resident Bond only covers a period of 2 years and must be put in place at the incorporation stage or upon […]

The Companies (Rescue Process for Small and Micro Companies) Act 2021, commenced on the 8th December 2021 and provides a simplified corporate rescue mechanism specifically geared towards small and micro companies. The Act provides for a Small Company Administrative Rescue Process (SCARP) which mirrors key elements of examinership in an administrative context, thereby reducing court […]

The term VUCA stands for Volatility, Uncertainty, Complexity and Ambiguity and was first coined in the early 1990s. It was initially introduced by Herbert F. Barber as a concept for strategic business management, but it also reflects the problems currently facing managers across the world. Businesses are operating in extremely uncertain times. Business leaders are […]

Only a tiny percentage of people click on online adverts. Businesses can spend a fortune on online advertising, which is all well and good for large international corporations with huge budgets. However, small and medium-sized businesses might be better off using their online marketing budget in a different way. Here is how. Optimise your website […]