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	<title>tax Archives - Hyland Johnson Keane</title>
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		<title>How to Avoid Financial Scams This Christmas</title>
		<link>https://hjk.ie/how-to-avoid-financial-scams-this-christmas/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Tue, 16 Dec 2025 12:11:12 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Christmas]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2289</guid>

					<description><![CDATA[<p>Christmas is a busy and joyful time of year, but unfortunately, it is also peak season for financial scams. As spending increases and inboxes fill with delivery notifications, invoices and “special offers”, fraudsters become more active and more convincing. Below, we outline some of the most common Christmas scams and practical steps you can take [&#8230;]</p>
<p>The post <a href="https://hjk.ie/how-to-avoid-financial-scams-this-christmas/">How to Avoid Financial Scams This Christmas</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="297" data-end="553">Christmas is a busy and joyful time of year, but unfortunately, it is also peak season for financial scams. As spending increases and inboxes fill with delivery notifications, invoices and “special offers”, fraudsters become more active and more convincing.</p>
<p data-start="555" data-end="820">Below, we outline some of the most common Christmas scams and practical steps you can take to protect yourself and your business.</p>
<h3 data-start="827" data-end="870">Common Christmas Scams to Watch Out For</h3>
<p data-start="872" data-end="1129"><strong data-start="872" data-end="901">1. Fake Delivery Messages</strong><br data-start="901" data-end="904" />Scammers often send text messages or emails claiming a parcel could not be delivered due to an unpaid charge. These messages usually contain a link that leads to a fake website designed to steal your personal or card details.</p>
<p data-start="1131" data-end="1256">✔ Tip: If you are expecting a delivery, go directly to the courier’s official website rather than clicking links in messages.</p>
<p data-start="1263" data-end="1493"><strong data-start="1263" data-end="1312">2. Phishing Emails Posing as Revenue or Banks</strong><br data-start="1312" data-end="1315" />Fraudsters frequently impersonate Revenue, banks or well-known retailers, especially at year-end. These emails may request you to “confirm details” or warn of account suspension.</p>
<p data-start="1495" data-end="1639">✔ Tip: Revenue and banks will never ask for sensitive information by email. When in doubt, contact them directly using verified contact details.</p>
<p data-start="1646" data-end="1837"><strong data-start="1646" data-end="1681">3. Invoice Fraud for Businesses</strong><br data-start="1681" data-end="1684" />At Christmas, many businesses are short-staffed or rushed. Scammers exploit this by sending fake invoices or requesting changes to supplier bank details.</p>
<p data-start="1839" data-end="1964">✔ Tip: Always verify changes to payment details with a known contact and maintain strong internal payment approval processes.</p>
<p data-start="1971" data-end="2158"><strong data-start="1971" data-end="2007">4. Fake Online Shopping Websites</strong><br data-start="2007" data-end="2010" />Social media ads and emails may promote attractive Christmas deals that lead to cloned or fake websites. Payments are taken, but goods never arrive.</p>
<p data-start="2160" data-end="2273">✔ Tip: Look for secure website indicators, read reviews, and be cautious of prices that seem too good to be true.</p>
<h3 data-start="2280" data-end="2322">How Individuals Can Protect Themselves</h3>
<ul data-start="2324" data-end="2582">
<li data-start="2324" data-end="2378">
<p data-start="2326" data-end="2378">Never click links from unsolicited emails or texts</p>
</li>
<li data-start="2379" data-end="2434">
<p data-start="2381" data-end="2434">Use strong, unique passwords for financial accounts</p>
</li>
<li data-start="2435" data-end="2486">
<p data-start="2437" data-end="2486">Enable two-factor authentication where possible</p>
</li>
<li data-start="2487" data-end="2531">
<p data-start="2489" data-end="2531">Regularly check bank and card statements</p>
</li>
<li data-start="2532" data-end="2582">
<p data-start="2534" data-end="2582">Avoid sharing personal details on social media</p>
</li>
</ul>
<h3 data-start="2589" data-end="2629">How Businesses Can Reduce Fraud Risk</h3>
<ul data-start="2631" data-end="2854">
<li data-start="2631" data-end="2684">
<p data-start="2633" data-end="2684">Train staff to recognise phishing and scam emails</p>
</li>
<li data-start="2685" data-end="2725">
<p data-start="2687" data-end="2725">Implement dual approval for payments</p>
</li>
<li data-start="2726" data-end="2775">
<p data-start="2728" data-end="2775">Review supplier and payroll changes carefully</p>
</li>
<li data-start="2776" data-end="2827">
<p data-start="2778" data-end="2827">Keep accounting software and systems up to date</p>
</li>
<li data-start="2828" data-end="2854">
<p data-start="2830" data-end="2854">Back up data regularly</p>
</li>
</ul>
<h3 data-start="2861" data-end="2897">What to Do If You Suspect a Scam</h3>
<p data-start="2899" data-end="2957">If you believe you’ve been targeted or affected by a scam:</p>
<ul data-start="2958" data-end="3097">
<li data-start="2958" data-end="2991">
<p data-start="2960" data-end="2991">Contact your bank immediately</p>
</li>
<li data-start="2992" data-end="3036">
<p data-start="2994" data-end="3036">Report the incident to An Garda Síochána</p>
</li>
<li data-start="3037" data-end="3097">
<p data-start="3039" data-end="3097">Notify Revenue if tax or payroll data may be compromised</p>
</li>
</ul>
<p data-start="3099" data-end="3152">Early action can significantly reduce financial loss.</p>
<p data-start="3099" data-end="3152">
<p>The post <a href="https://hjk.ie/how-to-avoid-financial-scams-this-christmas/">How to Avoid Financial Scams This Christmas</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>Auto-Enrolment (My Future Fund): What Irish Employers Need to Do Now</title>
		<link>https://hjk.ie/auto-enrolment-my-future-fund-what-irish-employers-need-to-do-now/</link>
					<comments>https://hjk.ie/auto-enrolment-my-future-fund-what-irish-employers-need-to-do-now/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Tue, 16 Dec 2025 11:40:55 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[auto-enrolment]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[pensions]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2286</guid>

					<description><![CDATA[<p>Ireland’s new auto-enrolment retirement savings system – My Future Fund – goes live on 1 January 2026. If you employ staff in Ireland, you will have new pension obligations for certain employees who are not already in a qualifying workplace pension. Citizens Information+2gov.ie+2 While this is a significant change, the system has been designed to [&#8230;]</p>
<p>The post <a href="https://hjk.ie/auto-enrolment-my-future-fund-what-irish-employers-need-to-do-now/">Auto-Enrolment (My Future Fund): What Irish Employers Need to Do Now</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Ireland’s new auto-enrolment retirement savings system – My Future Fund – goes live on 1 January 2026. If you employ staff in Ireland, you will have new pension obligations for certain employees who are not already in a qualifying workplace pension. <a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com">Citizens Information+2gov.ie+2</a></p>
<p>While this is a significant change, the system has been designed to be as payroll-friendly as possible, with the new authority (NAERSA) handling much of the administration on your behalf. <a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-your-questions-answered/?utm_source=chatgpt.com">gov.ie+1</a></p>
<ol>
<li><b> What is My Future Fund?</b></li>
</ol>
<p><span style="font-weight: 400;">My Future Fund is a State-run auto-enrolment pension scheme. Eligible employees who are not paying into a pension through payroll will be automatically enrolled. Contributions come from:</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">the </span><b>employee</b><span style="font-weight: 400;">,</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">the </span><b>employer</b><span style="font-weight: 400;">, and</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">the </span><b>State</b><span style="font-weight: 400;">. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+1</span></a></li>
</ul>
<p><span style="font-weight: 400;">The scheme is operated by the </span>National Automatic Enrolment Retirement Savings Authority (NAERSA)<span style="font-weight: 400;">. </span><a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-your-questions-answered/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie+1</span></a></p>
<ol start="2">
<li><b> Which employees are affected?</b></li>
</ol>
<p><span style="font-weight: 400;">Employees will be auto-enrolled if they:</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">are aged </span><b>23 to 60</b><span style="font-weight: 400;">,</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">earn </span><b>€20,000+ per year</b><span style="font-weight: 400;"> (across all employments), and</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">are </span><b>not already in a qualifying occupational or personal pension via payroll</b><span style="font-weight: 400;">. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+1</span></a></li>
</ul>
<p>Employees outside these criteria can usually opt in, but the key immediate impact for employers is identifying who will be enrolled through your payroll. <a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com">Citizens Information+1</a></p>
<ol start="3">
<li><b> What are your contribution obligations?</b></li>
</ol>
<p><span style="font-weight: 400;">Once auto-enrolment starts, you must:</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><b>deduct the employee contribution through payroll</b><span style="font-weight: 400;">, and</span></li>
<li style="font-weight: 400;" aria-level="1"><b>pay an equal employer contribution</b><span style="font-weight: 400;"> to My Future Fund for each enrolled employee. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+1</span></a></li>
</ul>
<p><span style="font-weight: 400;">Contributions are </span>phased in over time<span style="font-weight: 400;"> (starting lower and increasing over several years). The official contribution schedule and examples are set out in the Government guidance. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+1</span></a></p>
<p><span style="font-weight: 400;">The State adds a top-up to employee savings through the system, which employees will see in their accounts. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+1</span></a></p>
<ol start="4">
<li><b> If you already have a pension scheme</b></li>
</ol>
<p><span style="font-weight: 400;">Many employers already operate an occupational pension. In that case:</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1">If your scheme is “qualifying” under the rules and employees are paying in through payroll, those employees will not be auto-enrolled.</li>
<li style="font-weight: 400;" aria-level="1">Employees not in<span style="font-weight: 400;"> your existing scheme (or not contributing through payroll) may still fall into My Future Fund. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+2Mercer+2</span></a></li>
</ul>
<p><span style="font-weight: 400;">Government and industry guidance also flags that </span>minimum employer contribution standards for occupational schemes are tightening<span style="font-weight: 400;"> as auto-enrolment begins, so it’s worth reviewing current arrangements. </span><a href="https://www.mhc.ie/latest/insights/minimum-pension-contribution-rates-to-be-introduced?utm_source=chatgpt.com"><span style="font-weight: 400;">Mason Hayes Curran+1</span></a></p>
<ol start="5">
<li><b> What employers need to do now (before January 2026)</b></li>
</ol>
<p><span style="font-weight: 400;">The </span>My Future Fund Employer Portal is already open<span style="font-weight: 400;">, and employers are encouraged to register and set up in advance. </span><a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-retirement-savings-system-for-employers/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie+1</span></a></p>
<p><span style="font-weight: 400;">Your practical next steps are:</span></p>
<ol>
<li style="font-weight: 400;" aria-level="1"><b>Register on the My Future Fund portal</b><span style="font-weight: 400;"> and complete your employer profile. </span><a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-retirement-savings-system-for-employers/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie</span></a></li>
<li style="font-weight: 400;" aria-level="1"><b>Set up your payment method</b><span style="font-weight: 400;"> so employer contributions can be remitted smoothly. </span><a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-retirement-savings-system-for-employers/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie</span></a></li>
<li style="font-weight: 400;" aria-level="1"><b>Check your payroll setup</b><span style="font-weight: 400;"> (especially for mixed workforces, multiple employments, and part-time staff). NAERSA will manage enrolment status, opt-outs and re-enrolments, but payroll must transmit and remit contributions correctly. </span><a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-retirement-savings-system-for-employers/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie+1</span></a></li>
<li style="font-weight: 400;" aria-level="1"><b>Plan employee communications</b><span style="font-weight: 400;"> so staff understand what is happening and why. </span><a href="https://www.gov.ie/en/department-of-social-protection/campaigns/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie+1</span></a></li>
</ol>
<p><span style="font-weight: 400;">For a plain-English overview, see Citizens Information’s My Future Fund explainer. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information</span></a></p>
<ol start="6">
<li><b> Helpful official videos</b></li>
</ol>
<p><span style="font-weight: 400;">The Department of Social Protection has a </span>short YouTube playlist<span style="font-weight: 400;"> covering how auto-enrolment works, eligibility, contribution rates, opt-out rules, and what it means for employers. You may find these useful to share internally. </span><a href="https://www.gov.ie/en/department-of-social-protection/campaigns/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie+2YouTube+2</span></a></p>
<ol start="7">
<li><b> How can we support you</b></li>
</ol>
<p><span style="font-weight: 400;">Most employers will be able to manage My Future Fund by following the portal steps and running payroll as normal. However, some businesses will benefit from extra help, particularly where there are:</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">existing pension arrangements to assess,</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">complex payrolls, variable earnings, or multiple employments,</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">questions about qualifying schemes vs auto-enrolment,</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">employee communication needs, or</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">budgeting and cost forecasting. </span><a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-retirement-savings-system-for-employers/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie+2Mercer+2</span></a></li>
</ul>
<p><b>Our role:</b><span style="font-weight: 400;"> we can review your current position, confirm which employees are likely to be enrolled, help you prepare payroll processes, and guide you through compliance.</span></p>
<p><b>Fees:</b><span style="font-weight: 400;"> Because auto-enrolment is a new, separate compliance burden, </span>assistance in this area will be treated as an additional service and billed separately from your standard annual payroll/accountancy package.<span style="font-weight: 400;"> We will always agree scope and cost with you in advance, so there are no surprises.</span></p>
<p><b>Key takeaways</b></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Auto-enrolment starts </span><b>1 January 2026</b><span style="font-weight: 400;">. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+1</span></a></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Employers must </span><b>register on the My Future Fund portal now</b><span style="font-weight: 400;"> and be payroll-ready. </span><a href="https://www.gov.ie/en/department-of-social-protection/publications/auto-enrolment-retirement-savings-system-for-employers/?utm_source=chatgpt.com"><span style="font-weight: 400;">gov.ie</span></a></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">You’ll pay </span><b>matching employer contributions</b><span style="font-weight: 400;"> for eligible staff who are auto-enrolled. </span><a href="https://www.citizensinformation.ie/en/money-and-tax/personal-finance/pensions/auto-enrolment/?utm_source=chatgpt.com"><span style="font-weight: 400;">Citizens Information+1</span></a></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">If you want us to manage or assist with setup/compliance, it’s an </span><b>optional add-on service</b><span style="font-weight: 400;"> with an additional fee.</span></li>
</ul>
<p>The post <a href="https://hjk.ie/auto-enrolment-my-future-fund-what-irish-employers-need-to-do-now/">Auto-Enrolment (My Future Fund): What Irish Employers Need to Do Now</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></content:encoded>
					
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			</item>
		<item>
		<title>I’ve paid my tax return for 2024 – what now?</title>
		<link>https://hjk.ie/ive-paid-my-tax-return-for-2024-what-now/</link>
					<comments>https://hjk.ie/ive-paid-my-tax-return-for-2024-what-now/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 14 Nov 2025 11:01:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2282</guid>

					<description><![CDATA[<p>Filing your tax return is a significant milestone, but many people treat it as the end of the journey rather than the beginning. Once the paperwork is done and your payment is made, the question arises: what next? We encourage clients to use this moment as an opportunity to plan for the future, reduce stress [&#8230;]</p>
<p>The post <a href="https://hjk.ie/ive-paid-my-tax-return-for-2024-what-now/">I’ve paid my tax return for 2024 – what now?</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Filing your tax return is a significant milestone, but many people treat it as the end of the journey rather than the beginning. Once the paperwork is done and your payment is made, the question arises: what next?</p>
<p>We encourage clients to use this moment as an opportunity to plan for the future, reduce stress and make the next tax year easier to manage.</p>
<h3 data-start="4125" data-end="4170"><strong data-start="4129" data-end="4168">1. Review your tax return in detail</strong></h3>
<p data-start="4171" data-end="4432">Even after submission, take the time to review your tax return. Check which deductions, credits, or allowances you claimed. Understanding your filing helps identify opportunities for optimisation next year and ensures you aren’t missing any potential savings.</p>
<h3 data-start="4439" data-end="4474"><strong data-start="4443" data-end="4472">2. Keep organised records</strong></h3>
<p data-start="4475" data-end="4714">The key to stress-free tax seasons is organisation. Keep all receipts, invoices, and documents in one secure place, whether digitally or physically. Digital accounting apps can simplify record-keeping and make next year’s filing smoother.</p>
<p data-start="4716" data-end="4837">Tip: Categorise documents by type – income, expenses, medical, charitable donations – to make retrieval easier when needed.</p>
<h3 data-start="4844" data-end="4886"><strong data-start="4848" data-end="4884">3. Plan for next year’s payments</strong></h3>
<p data-start="4887" data-end="5129">If your tax return involved a payment, don’t wait until next December to save for it. Set aside a small monthly amount so the next payment doesn’t come as a shock. Over time, this makes a significant difference and reduces financial stress.</p>
<h3 data-start="5136" data-end="5182"><strong data-start="5140" data-end="5180">4. Explore tax-efficient investments</strong></h3>
<p data-start="5183" data-end="5486">Now is a good time to consider options that can reduce your future tax liability, such as pensions, retirement contributions, or approved investment accounts. These can offer long-term financial benefits while reducing your taxable income. Your accountant can advise on what’s best for your situation.</p>
<h3 data-start="5493" data-end="5537"><strong data-start="5497" data-end="5535">5. Stay informed about tax changes</strong></h3>
<p data-start="5538" data-end="5790">Tax rules change frequently. Staying informed about new reliefs, allowances, or obligations ensures you can take advantage of opportunities and avoid penalties.</p>
<h3 data-start="5797" data-end="5836"><strong data-start="5801" data-end="5834">6. Schedule a mid-year review</strong></h3>
<p data-start="5837" data-end="6117">Don’t wait until the filing deadline to think about taxes again. A mid-year review with your accountant allows for adjustments in spending, savings, or income strategy. This proactive approach can reduce liability, improve cash flow, and make next year’s tax return stress-free.</p>
<p data-start="5837" data-end="6117">Paying your tax return is an achievement, but using this moment to reflect, plan and optimise can save you money and stress in the long run.</p>
<p data-start="5837" data-end="6117"><a href="https://hjk.ie/a-simple-guide-corporation-tax/"><em>Read more: </em></a>A simple guide to corporation tax</p>
<p>The post <a href="https://hjk.ie/ive-paid-my-tax-return-for-2024-what-now/">I’ve paid my tax return for 2024 – what now?</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>Spending wisely this Christmas and how to be money savvy</title>
		<link>https://hjk.ie/spending-wisely-this-christmas-and-how-to-be-money-savvy/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 14 Nov 2025 10:55:58 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Lifestyle]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2279</guid>

					<description><![CDATA[<p>Christmas is a season of joy, celebration and giving, but it can also be one of the most financially stressful times of the year. For many people in Cork and across Ireland, the festive season comes with unexpected expenses that can linger well into the New Year. Overspending can lead to debt, worry and a [&#8230;]</p>
<p>The post <a href="https://hjk.ie/spending-wisely-this-christmas-and-how-to-be-money-savvy/">Spending wisely this Christmas and how to be money savvy</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="301" data-end="664">Christmas is a season of joy, celebration and giving, but it can also be one of the most financially stressful times of the year. For many people in Cork and across Ireland, the festive season comes with unexpected expenses that can linger well into the New Year. Overspending can lead to debt, worry and a January full of financial regret.</p>
<p data-start="666" data-end="877">Here at HJK, we believe that being financially savvy doesn’t mean cutting out the fun; it means planning and making smart choices so you can enjoy Christmas without the stress.</p>
<p data-start="666" data-end="877">Here’s how to do it.</p>
<h3 data-start="884" data-end="919"><strong data-start="888" data-end="917">1. Set a realistic budget</strong></h3>
<p data-start="920" data-end="1261">A clear budget is the foundation of smart holiday spending. Begin by listing all anticipated expenses: gifts, decorations, travel, food, and even social outings. Once you have a total, determine how much you can comfortably afford without dipping into savings or taking on debt. Stick to this number, it’s your financial “holiday boundary.”</p>
<p data-start="1263" data-end="1379">Pro tip: Use separate envelopes or digital categories for each part of your budget to track spending in real time.</p>
<h3 data-start="1386" data-end="1426"><strong data-start="1390" data-end="1424">2. Make a thoughtful gift list</strong></h3>
<p data-start="1427" data-end="1672">Impulse buying is the biggest threat to a Christmas budget. Make a detailed list of everyone you want to buy for and assign a realistic spending limit for each person. Planning ensures your gifts are meaningful without breaking the bank.</p>
<p data-start="1674" data-end="1829">Consider grouping purchases by category: family, friends, colleagues. This can help you identify where you might save without sacrificing thoughtfulness.</p>
<h3 data-start="1836" data-end="1875"><strong data-start="1840" data-end="1873">3. Consider alternative gifts</strong></h3>
<p data-start="1876" data-end="2177">Physical gifts aren’t the only way to show you care. Experiences like theatre tickets, a workshop, or a family day out can create lasting memories. Homemade gifts, personalised items, or charitable donations in someone’s name are thoughtful alternatives that often cost less than store-bought goods.</p>
<p data-start="2179" data-end="2273">These options are not only budget-friendly but also reduce clutter and environmental impact.</p>
<h3 data-start="2280" data-end="2313"><strong data-start="2284" data-end="2311">4. Shop smart and early</strong></h3>
<p data-start="2314" data-end="2515">Planning your purchases can save you both money and stress. Many retailers offer early-bird discounts, and online shopping allows you to compare prices and avoid last-minute premium costs.</p>
<p data-start="2517" data-end="2642">Tip: Create a “Christmas shopping calendar” to spread purchases over weeks rather than trying to do everything in December.</p>
<h3 data-start="2649" data-end="2685"><strong data-start="2653" data-end="2683">5. Be cautious with credit</strong></h3>
<p data-start="2686" data-end="2907">It’s tempting to rely on credit cards during the festive rush, but interest rates can turn a small overspend into a big problem in January. If you must use credit, set a strict repayment plan to avoid falling into debt.</p>
<h3 data-start="2914" data-end="2957"><strong data-start="2918" data-end="2955">6. Review your spending and learn</strong></h3>
<p data-start="2958" data-end="3227">After the holidays, take a moment to review what you spent and where you could improve next year. Did certain gifts cost more than expected? Could you have taken advantage of early deals? This reflection can make your next Christmas even more financially stress-free.</p>
<p data-start="3234" data-end="3638">Being money-savvy at Christmas is about planning, spending thoughtfully, and making the most of your resources. With these strategies, you can enjoy the season fully without starting the New Year in financial stress.</p>
<p data-start="3234" data-end="3638">At HJK, we are here to help clients manage finances all year round, so you can focus on what truly matters this Christmas: family, friends and joy.</p>
<p data-start="3234" data-end="3638"><a href="https://hjk.ie/important-update-strengthening-our-aml-compliance-together/"><em>Read more: </em></a>Important Update: Strengthening our AML compliance together</p>
<p>The post <a href="https://hjk.ie/spending-wisely-this-christmas-and-how-to-be-money-savvy/">Spending wisely this Christmas and how to be money savvy</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>A simple guide to corporation tax</title>
		<link>https://hjk.ie/a-simple-guide-corporation-tax/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 11 Sep 2025 15:44:59 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[corporation tax]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2272</guid>

					<description><![CDATA[<p>If you run a business in Ireland, whether you’re a sole trader thinking of incorporating or already managing a limited company, understanding corporation tax is essential. It’s one of the most important taxes for Irish businesses, yet many owners find it confusing. This simple guide will walk you through the basics: what corporation tax is, [&#8230;]</p>
<p>The post <a href="https://hjk.ie/a-simple-guide-corporation-tax/">A simple guide to corporation tax</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="249" data-end="522">If you run a business in Ireland, whether you’re a sole trader thinking of incorporating or already managing a limited company, understanding corporation tax is essential. It’s one of the most important taxes for Irish businesses, yet many owners find it confusing.</p>
<p data-start="524" data-end="670">This simple guide will walk you through the basics: what corporation tax is, how it works in Ireland, and what you need to do to stay compliant.</p>
<h3 data-start="677" data-end="706">What is corporation tax?</h3>
<p data-start="708" data-end="928">Corporation tax is a tax paid by companies on their profits. In Ireland, the system applies to Irish-resident companies on their worldwide profits and to non-resident companies on profits from Irish activities.</p>
<p data-start="930" data-end="948">Profits include:</p>
<ul data-start="949" data-end="1146">
<li data-start="949" data-end="1005">
<p data-start="951" data-end="1005"><strong data-start="951" data-end="969">Trading income</strong> (from normal business activities)</p>
</li>
<li data-start="1006" data-end="1064">
<p data-start="1008" data-end="1064"><strong data-start="1008" data-end="1029">Investment income</strong> (like rental income or interest)</p>
</li>
<li data-start="1065" data-end="1146">
<p data-start="1067" data-end="1146"><strong data-start="1067" data-end="1087">Chargeable gains</strong> (profits from selling assets such as property or shares)</p>
</li>
</ul>
<h3 data-start="1153" data-end="1202">What is the corporation tax rate in Ireland?</h3>
<p data-start="1204" data-end="1297">Ireland is known for its competitive tax rates, but there are two main ones to be aware of:</p>
<ul data-start="1299" data-end="1606">
<li data-start="1299" data-end="1454">
<p data-start="1301" data-end="1454"><strong data-start="1301" data-end="1331">12.5% Trading income rate:</strong> This is the famous low rate applied to trading profits (ordinary business activities such as selling goods or services).</p>
</li>
<li data-start="1455" data-end="1606">
<p data-start="1457" data-end="1606"><strong data-start="1457" data-end="1489">25% Non-trading income rate:</strong> A higher rate applies to passive income such as rental income, investment income, and profits from foreign trades.</p>
</li>
</ul>
<p data-start="1608" data-end="1758">It’s important to know which category your company’s profits fall into. Most small and medium-sized Irish businesses qualify for the 12.5% rate.</p>
<h3 data-start="1765" data-end="1794">When and how do you pay?</h3>
<p data-start="1796" data-end="1873">Corporation tax is not just about calculating profits as timing matters too.</p>
<ul data-start="1875" data-end="2478">
<li data-start="1875" data-end="2183">
<p data-start="1877" data-end="2183"><strong data-start="1877" data-end="1897">Preliminary tax:</strong> Most companies must pay a portion of their corporation tax before the end of their financial year. For small companies (with corporation tax liability of €200,000 or less in the previous year), this is 100% of the previous year’s liability or 90% of the current year’s liability.</p>
</li>
<li data-start="2184" data-end="2266">
<p data-start="2186" data-end="2266"><strong data-start="2186" data-end="2204">Final payment:</strong> The balance is paid when filing the corporation tax return.</p>
</li>
<li data-start="2267" data-end="2478">
<p data-start="2269" data-end="2478">Return filing deadline: Companies must file a Form CT1 and pay any outstanding tax nine months after the end of the accounting period, but no later than the 23rd day of that month (for e-filers).</p>
</li>
</ul>
<p data-start="2480" data-end="2599">For example, if your company’s year-end is 31 December 2024, your CT1 and final payment are due by 23 September 2025.</p>
<h3 data-start="2606" data-end="2646">Allowances, deductions and reliefs</h3>
<p data-start="2648" data-end="2799">The good news is that corporation tax isn’t just about what you owe, there are also ways to reduce your liability legally. Some key reliefs include:</p>
<ul data-start="2801" data-end="3364">
<li data-start="2801" data-end="2928">
<p data-start="2803" data-end="2928"><strong data-start="2803" data-end="2826">Capital allowances:</strong> Instead of deducting the cost of equipment or machinery all at once, you claim a portion each year.</p>
</li>
<li data-start="2929" data-end="3060">
<p data-start="2931" data-end="3060"><strong data-start="2931" data-end="2947">Loss relief:</strong> Trading losses can often be carried forward to reduce future profits, helping businesses in their early years.</p>
</li>
<li data-start="3061" data-end="3186">
<p data-start="3063" data-end="3186"><strong data-start="3063" data-end="3082">R&amp;D tax credit:</strong> Companies investing in research and development can claim a 30% tax credit on qualifying expenditure.</p>
</li>
<li data-start="3187" data-end="3364">
<p data-start="3189" data-end="3364"><strong data-start="3189" data-end="3209">Start-up relief:</strong> Certain new companies may qualify for relief from corporation tax for the first three years, depending on their profits and employer PRSI contributions.</p>
</li>
</ul>
<p data-start="3366" data-end="3479">Using these reliefs effectively requires planning, which is where a professional accountant can add real value.</p>
<h3 data-start="3486" data-end="3519">Penalties for non-compliance</h3>
<p data-start="3521" data-end="3807">Missing deadlines or underpaying can result in penalties and interest charges from Revenue. Common pitfalls include late filing of CT1 returns, underestimating preliminary tax, or poor record-keeping. Keeping accurate books and seeking professional advice can save money and stress.</p>
<h3 data-start="3814" data-end="3853">Why it matters for Cork businesses</h3>
<p data-start="3855" data-end="4190">Cork has a thriving mix of startups, SMEs and multinational companies. Whether you’re running a tech startup in the city centre, a café in Douglas or a construction firm in the county, corporation tax will affect your bottom line. Understanding your obligations ensures you stay compliant while maximising the reliefs available to you.</p>
<h3 data-start="4197" data-end="4216">Final thoughts</h3>
<p data-start="4218" data-end="4450">Corporation tax in Ireland may seem complex, but at its core, it’s about paying tax on profits at either 12.5% or 25%, depending on the type of income. The real challenge lies in deadlines, reliefs and efficient tax planning.</p>
<p data-start="4452" data-end="4749">If you’re unsure about how corporation tax applies to your business, don’t leave it to guesswork. A local accountant in Cork can help you navigate the rules, ensure compliance and find legitimate ways to reduce your tax bill.</p>
<p data-start="4452" data-end="4749">That way, you can focus on what you do best – growing your business.</p>
<p data-start="4452" data-end="4749"><em><a href="https://hjk.ie/how-to-get-financially-fit-tips-for-irish-households/">Read more:</a> How to get financially fit: Tips for Irish households</em></p>
<p>The post <a href="https://hjk.ie/a-simple-guide-corporation-tax/">A simple guide to corporation tax</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>Pensions in your 30s: Why it pays to plan early</title>
		<link>https://hjk.ie/pensions-in-your-30s-why-it-pays-to-plan-early/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 02 Jul 2025 20:15:15 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[pensions]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2257</guid>

					<description><![CDATA[<p>If you’re in your 30s, retirement might feel like a distant problem for your future self to deal with. Between rent or a mortgage, childcare costs, car insurance and the rising price of just about everything, a pension can easily fall to the bottom of the financial to-do list. But here’s the truth: starting a [&#8230;]</p>
<p>The post <a href="https://hjk.ie/pensions-in-your-30s-why-it-pays-to-plan-early/">Pensions in your 30s: Why it pays to plan early</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>If you’re in your 30s, retirement might feel like a distant problem for your future self to deal with. Between rent or a mortgage, childcare costs, car insurance and the rising price of just about everything, a pension can easily fall to the bottom of the financial to-do list.</p>
<p>But here’s the truth: starting a pension in your 30s can have a massive impact on your quality of life down the line, and it doesn’t have to cost the earth.</p>
<h3>Time is your biggest asset</h3>
<p data-start="612" data-end="881">The biggest advantage you have in your 30s is time. The earlier you start contributing to a pension, the longer your money has to grow thanks to compound interest. In simple terms, the interest you earn also earns interest. Over 30 years or more, that growth snowballs.</p>
<p data-start="883" data-end="1172">For example, if you start saving €200 a month into a pension from age 30, assuming average annual returns of 5%, you could end up with over €165,000 by age 65. Delay it by just 10 years and you’ll have significantly less, even if you increase your contributions later. Time really does pay.</p>
<h3 data-start="1174" data-end="1208">The tax relief is hard to beat</h3>
<p data-start="1210" data-end="1540">Pension contributions in Ireland benefit from generous tax relief. If you’re a PAYE worker in the higher tax bracket (40%), every €100 you put into your pension may only cost you €60 after tax relief. For self-employed people, a pension is one of the most tax-efficient ways to reduce your tax bill while investing in your future.</p>
<p data-start="1542" data-end="1696">If you’re not sure how much you can contribute tax-efficiently based on your age and income, your accountant or financial advisor can walk you through it.</p>
<h3 data-start="1698" data-end="1751">It’s not just about retirement – it’s about options</h3>
<p data-start="1753" data-end="2173">Starting early gives you more than just a bigger pot at retirement – it gives you flexibility. Want to retire early? Work part-time in your 60s? Travel more when the kids are grown? Your pension can give you the freedom to make those choices. The State Pension (currently just over €277 per week) is unlikely to cover the lifestyle most people want in retirement, and it may not even be available until you’re 68 or older.</p>
<h3 data-start="2175" data-end="2205">It’s easier than you think</h3>
<p data-start="2207" data-end="2535">Starting a pension doesn’t mean you need to understand the stock market or commit thousands up front. Most pension providers in Ireland offer flexible options with low minimum contributions. Many employers now offer pension schemes too, often with matching contributions, so you could be turning down free money by not signing up.</p>
<p data-start="2537" data-end="2677">If you&#8217;re self-employed, you have options like a Personal Retirement Savings Account (PRSA), which can be set up quickly and managed easily.</p>
<h3 data-start="2679" data-end="2697">Final thoughts</h3>
<p data-start="2699" data-end="2995">Your 30s are a great time to take control of your financial future. Even small contributions now can lead to a big payoff later. If you&#8217;re not sure where to start, your accountant or financial advisor can help you choose the right pension product and contribution strategy for your circumstances.</p>
<p data-start="2997" data-end="3068">The best time to start a pension? Yesterday. The next best time? Today.</p>
<p data-start="2997" data-end="3068"><em><a href="https://hjk.ie/money-mental-health-what-irish-business-owners-need-to-know/">Read more:</a> Money &amp; Mental Health: What Irish business owners need to know</em></p>
<p>The post <a href="https://hjk.ie/pensions-in-your-30s-why-it-pays-to-plan-early/">Pensions in your 30s: Why it pays to plan early</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>How to get financially fit: Tips for Irish households</title>
		<link>https://hjk.ie/how-to-get-financially-fit-tips-for-irish-households/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 09 Jun 2025 15:28:05 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2250</guid>

					<description><![CDATA[<p>Financial well-being is just as important as physical health. As the cost of living continues to fluctuate and interest rates remain unpredictable, many Irish households are looking for ways to get more financially fit. Whether you&#8217;re trying to make your salary stretch further, planning for a big life milestone or simply aiming to feel more [&#8230;]</p>
<p>The post <a href="https://hjk.ie/how-to-get-financially-fit-tips-for-irish-households/">How to get financially fit: Tips for Irish households</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="348" data-end="802">Financial well-being is just as important as physical health.</p>
<p data-start="348" data-end="802">As the cost of living continues to fluctuate and interest rates remain unpredictable, many Irish households are looking for ways to get more financially fit. Whether you&#8217;re trying to make your salary stretch further, planning for a big life milestone or simply aiming to feel more in control of your money, now is the time to put a plan in place.</p>
<p data-start="804" data-end="1064">Here are some actionable tips to help you strengthen your financial foundation.</p>
<h3 data-start="1071" data-end="1108">1. <strong data-start="1078" data-end="1108">Start with a simple budget</strong></h3>
<p data-start="1109" data-end="1572">Before you do anything else, take stock of your monthly income and expenses. You’d be surprised how many households run into trouble simply because they haven’t reviewed their outgoings in months or years. Use a budgeting app or a simple spreadsheet to break down fixed costs (like rent, mortgage and bills) and variable costs (like groceries, fuel and entertainment). Once it’s all laid out, you’ll quickly spot areas where you can cut back or reallocate spending.</p>
<h3 data-start="1579" data-end="1625">2. <strong data-start="1586" data-end="1625">Review (and renegotiate) your bills</strong></h3>
<p data-start="1626" data-end="1908">From broadband to electricity to insurance premiums, many Irish households are overpaying without realising it. Make it your 2025 mission to call providers, compare quotes and renegotiate. Loyalty doesn’t always pay in this climate, switching can save you hundreds of euros per year.</p>
<h3 data-start="1915" data-end="1951">3. <strong data-start="1922" data-end="1951">Set clear financial goals</strong></h3>
<p data-start="1952" data-end="2287">It’s easier to stick to a financial plan when you know what you&#8217;re working toward. Do you want to save for a house deposit, plan a holiday, build an emergency fund or pay off debt? Pick one or two clear goals and assign monthly targets. Visual tools, such as savings trackers or goal-setting apps, can be a motivating way to stay on track.</p>
<h3 data-start="2294" data-end="2328">4. <strong data-start="2301" data-end="2328">Plan for the unexpected</strong></h3>
<p data-start="2329" data-end="2619">Emergency funds might not sound exciting, but they’re a cornerstone of strong financial planning. Aim to build a buffer of at least three to six months’ worth of essential expenses. This fund can protect you from unexpected costs like car repairs, medical bills or a sudden loss of income.</p>
<h3 data-start="2626" data-end="2669">5. <strong data-start="2633" data-end="2669">Maximise tax reliefs and credits</strong></h3>
<p data-start="2670" data-end="3041">This is where professional advice can make all the difference. In 2025, there are still many Irish households missing out on tax reliefs and credits they&#8217;re entitled to. Whether it&#8217;s medical expenses, rent relief, remote working credits, or tuition fees, these small wins can add up fast. A quick chat with the HJK team can help identify overlooked opportunities.</p>
<h3 data-start="3048" data-end="3101">6. <strong data-start="3055" data-end="3101">Consider a mid-year financial health check</strong></h3>
<p data-start="3102" data-end="3424">Financial planning isn’t a one-time event. Scheduling a mid-year review with a financial advisor or accountant helps you adjust your strategy based on new expenses, salary changes or updated goals. At HJK, we offer friendly, no-jargon consultations that help clients across Cork and Ireland make confident decisions with their money.</p>
<p data-start="3468" data-end="3714">Getting financially fit doesn’t mean giving up lattes or living like a monk. It’s about building habits that support your goals and protect your peace of mind.</p>
<p data-start="3468" data-end="3714">Whether you&#8217;re starting small or ready to overhaul your finances, we are here to help.</p>
<p data-start="3468" data-end="3714"><em>Get in touch with us now by calling (021) 480 6316</em></p>
<p data-start="3716" data-end="3859"><strong><a href="https://hjk.ie/10-habits-of-financially-savvy-business-owners/">Read more:</a> </strong>10 habits of financially savvy business owners</p>
<p>The post <a href="https://hjk.ie/how-to-get-financially-fit-tips-for-irish-households/">How to get financially fit: Tips for Irish households</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>Are you paying yourself properly? A guide for small business owners</title>
		<link>https://hjk.ie/are-you-paying-yourself-properly-a-guide-for-small-business-owners/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 12 May 2025 13:11:24 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2246</guid>

					<description><![CDATA[<p>Because running a business shouldn&#8217;t mean running yourself into the ground. When you’re running a business, especially in the early years, it’s easy to fall into the trap of paying yourself last, if at all. You prioritise suppliers, staff, tax bills, subscriptions and everything else, telling yourself you’ll take what’s left over. But if “what’s [&#8230;]</p>
<p>The post <a href="https://hjk.ie/are-you-paying-yourself-properly-a-guide-for-small-business-owners/">Are you paying yourself properly? A guide for small business owners</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Because running a business shouldn&#8217;t mean running yourself into the ground.</p>
<p class="" data-start="224" data-end="625">When you’re running a business, especially in the early years, it’s easy to fall into the trap of paying yourself last, if at all. You prioritise suppliers, staff, tax bills, subscriptions and everything else, telling yourself you’ll take what’s left over. But if “what’s left” is unpredictable or too low, it can have a knock-on effect on your stress levels, financial stability and long-term plans.</p>
<p class="" data-start="627" data-end="765">So here’s the big question: Are you paying yourself properly? And more importantly, are you doing it in the most tax-efficient way?</p>
<h3 class="" data-start="767" data-end="816">Salary vs. Dividends: What’s the Best Option?</h3>
<p class="" data-start="818" data-end="957">If you operate as a limited company, you can pay yourself through salary, dividends or a mix of both. Each route comes with pros and cons:</p>
<ul data-start="959" data-end="1417">
<li class="" data-start="959" data-end="1190">
<p class="" data-start="961" data-end="1190"><strong data-start="961" data-end="971">Salary</strong> is a fixed, regular payment. It counts as an allowable business expense and ensures you build up entitlements like a state pension and mortgage eligibility. But it also comes with income tax, USC and PRSI obligations.</p>
</li>
<li class="" data-start="1192" data-end="1417">
<p class="" data-start="1194" data-end="1417"><strong data-start="1194" data-end="1207">Dividends</strong> are payments from your company’s profits (after tax). They’re taxed differently and don’t attract employer PRSI, but they also don’t count towards pensionable earnings or give you the same social welfare cover.</p>
</li>
</ul>
<p class="" data-start="1419" data-end="1575">Finding the right balance between the two is key. An accountant can help you structure this so that you maximise your take-home pay while staying compliant.</p>
<h3 class="" data-start="1577" data-end="1614">But What If You’re a Sole Trader?</h3>
<p class="" data-start="1616" data-end="1964">If you’re self-employed (not operating as a limited company), you can’t pay yourself a salary in the traditional sense. Instead, your income is whatever profit is left after allowable business expenses. That means monitoring your pricing, cash flow and tax planning is even more critical, because your take-home pay depends on what’s left over.</p>
<h3 class="" data-start="1966" data-end="2003">How Much Should You Pay Yourself?</h3>
<p class="" data-start="2005" data-end="2076">There’s no one-size-fits-all answer, but here are a few rules of thumb:</p>
<ul data-start="2078" data-end="2368">
<li class="" data-start="2078" data-end="2186">
<p class="" data-start="2080" data-end="2186">Your income should be <strong data-start="2102" data-end="2117">sustainable, </strong>enough to cover personal expenses, build savings and reduce stress.</p>
</li>
<li class="" data-start="2187" data-end="2263">
<p class="" data-start="2189" data-end="2263">It should be <strong data-start="2202" data-end="2215">strategic </strong>and planned in advance, not guessed month by month.</p>
</li>
<li class="" data-start="2264" data-end="2368">
<p class="" data-start="2266" data-end="2368">And it should be <strong data-start="2283" data-end="2296">tax-aware, </strong>structured to minimise your liabilities while still meeting your needs.</p>
</li>
</ul>
<p class="" data-start="2370" data-end="2556">If you find yourself dipping into company funds ad hoc or struggling to pay personal bills because everything’s tied up in the business, it’s a sign your current system needs attention.</p>
<h3 class="" data-start="2558" data-end="2596">From Scraping By to Planning Ahead</h3>
<p class="" data-start="2598" data-end="2803">Too many business owners live in a reactive financial state, waiting to see what’s left before they pay themselves. But building your income into your monthly forecasts changes everything. It allows you to:</p>
<ul data-start="2805" data-end="2999">
<li class="" data-start="2805" data-end="2844">
<p class="" data-start="2807" data-end="2844">Price your services more accurately</p>
</li>
<li class="" data-start="2845" data-end="2894">
<p class="" data-start="2847" data-end="2894">Understand your business’s true profitability</p>
</li>
<li class="" data-start="2895" data-end="2999">
<p class="" data-start="2897" data-end="2999">Plan for personal financial goals (mortgages, pensions, holidays, school fees and whatever else matters to you)</p>
</li>
</ul>
<p class="" data-start="3001" data-end="3143">It’s not just about “taking money out” of your business. It’s about building a business that works for your life, not the other way around.</p>
<h3 class="" data-start="3145" data-end="3164">How We Can Help</h3>
<p class="" data-start="3166" data-end="3475">At Hyland Johnson Keane, we work with sole traders, directors and freelancers across a wide range of industries to create pay strategies that are fair, efficient and future-focused. Whether it’s building in a salary, planning dividends, or forecasting monthly drawings, we help you find a rhythm that works.</p>
<p class="" data-start="3477" data-end="3625">If you’re ready to move from uncertain to intentional when it comes to your pay, let’s talk. Your business is working hard, so should your money.</p>
<p>The post <a href="https://hjk.ie/are-you-paying-yourself-properly-a-guide-for-small-business-owners/">Are you paying yourself properly? A guide for small business owners</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>The financial spring clean: 6 quick wins before mid-year</title>
		<link>https://hjk.ie/the-financial-spring-clean-6-quick-wins-before-mid-year/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 12 May 2025 12:56:46 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2243</guid>

					<description><![CDATA[<p>Time to tidy up your books and make space for smoother, smarter growth. We declutter our homes. We deep-clean our wardrobes. But what about our finances? As we approach the halfway point of the year, it’s the perfect time for a financial spring clean – a practical refresh that helps you move into H2 with [&#8230;]</p>
<p>The post <a href="https://hjk.ie/the-financial-spring-clean-6-quick-wins-before-mid-year/">The financial spring clean: 6 quick wins before mid-year</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="" data-start="62" data-end="198"><em data-start="125" data-end="198">Time to tidy up your books and make space for smoother, smarter growth.</em></p>
<p class="" data-start="200" data-end="465">We declutter our homes. We deep-clean our wardrobes. But what about our finances? As we approach the halfway point of the year, it’s the perfect time for a financial spring clean – a practical refresh that helps you move into H2 with clarity, control and confidence.</p>
<p class="" data-start="467" data-end="611">Here are six quick wins to tidy up your business finances and spark some serious joy (or at least, fewer surprises on your next bank statement).</p>
<h3 class="" data-start="618" data-end="666">1. Reconcile Your Bank Accounts and Invoices</h3>
<p class="" data-start="668" data-end="999">Start with the digital equivalent of emptying your drawers. Make sure your bank transactions match up with your books, and chase any unpaid invoices. Unreconciled accounts and forgotten payments can throw off your cash flow and reporting accuracy.</p>
<p class="" data-start="668" data-end="999"><strong data-start="918" data-end="930">Top tip:</strong> Set aside an hour each month to reconcile because future-you will thank you.</p>
<h3 class="" data-start="1006" data-end="1052">2. Cancel Unused Subscriptions or Services</h3>
<p class="" data-start="1054" data-end="1370">Remember that app you trialled three months ago? Or the software you don’t really use anymore? Now’s the time to check your regular outgoings and ask the essential question: <em data-start="1228" data-end="1266">“Does this still serve my business?” </em>Trimming excess costs is the easiest way to boost your bottom line without lifting a finger on sales.</p>
<h3 class="" data-start="1377" data-end="1422">3. Review Your Pricing and Profit Margins</h3>
<p class="" data-start="1424" data-end="1786">Have your costs crept up since the start of the year? Are you still charging what you&#8217;re worth? Mid-year is a smart time to reassess your pricing, especially if materials, delivery or overheads have changed. Work with your accountant to analyse your most and least profitable services or products—it might be time to tweak your offerings or adjust your rates.</p>
<h3 class="" data-start="1793" data-end="1831">4. Check Your Tax and VAT Position</h3>
<p class="" data-start="1833" data-end="2149">Let’s be honest: tax deadlines sneak up faster than you think. Now’s the time to make sure you&#8217;re on top of your VAT obligations, PAYE/PRSI and any corporation tax liabilities on the horizon. A quick review can prevent stress (and penalties) later on. If in doubt, your accountant can run a mid-year health check.</p>
<h3 class="" data-start="2156" data-end="2199">5. Assess Your Emergency Fund or Buffer</h3>
<p class="" data-start="2201" data-end="2531">If the last few years have taught us anything, it’s the value of a financial cushion. Take stock of your current reserves, whether that’s a savings buffer, overdraft facility or access to short-term credit. A healthy emergency fund isn’t just for downturns, it gives you freedom to invest, hire, or pivot when opportunity knocks.</p>
<h3 class="" data-start="2538" data-end="2572">6. Set a Financial Goal for H2</h3>
<p class="" data-start="2574" data-end="2858">Decluttering is great, but don’t forget the <em data-start="2618" data-end="2632">“what next?”</em> part. Use this clean slate to set a clear, actionable financial goal for the second half of the year. That could be building reserves, increasing net profit, cutting costs by 10% or finally launching that new revenue stream.</p>
<p data-start="2574" data-end="2858"><strong><a href="https://hjk.ie/should-you-file-early-the-benefits-of-getting-ahead-of-the-income-tax-deadline/"><em>Read more: </em></a>Should you file early? The benefits of getting ahead of the income tax deadline</strong></p>
<div class="small_desc"></div>
<p>The post <a href="https://hjk.ie/the-financial-spring-clean-6-quick-wins-before-mid-year/">The financial spring clean: 6 quick wins before mid-year</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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		<title>3 strategies to help you weather the US tariff increases</title>
		<link>https://hjk.ie/3-strategies-help-weather-us-tariff-increases/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 12 May 2025 09:25:35 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[US]]></category>
		<guid isPermaLink="false">https://hjk.ie/?p=2236</guid>

					<description><![CDATA[<p>Despite what you may believe, there may be opportunities ahead. The US tariff saga has caused turmoil across global financial markets. Many are concerned about the effects on global supply chains, pricing and business confidence. What could this all mean for your business? Read on as we look at three strategic areas. 1. Protect Your [&#8230;]</p>
<p>The post <a href="https://hjk.ie/3-strategies-help-weather-us-tariff-increases/">3 strategies to help you weather the US tariff increases</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="p1"><em>Despite what you may believe, there may be opportunities ahead.</em></p>
<p class="p2">The US tariff saga has caused turmoil across global financial markets. Many are concerned about the effects on global supply chains, pricing and business confidence.</p>
<p class="p2">What could this all mean for your business? Read on as we look at three strategic areas.</p>
<h3 class="p2"><strong><span class="s1">1. Protect Your Sales from Falling Confidence</span></strong></h3>
<p class="p2">When uncertainty rises, consumers and businesses tend to hold off on spending, especially on goods and services they see as non-essential. Even if you don’t sell internationally, your customers might pull back. That could mean fewer orders, delayed projects or reduced repeat business.</p>
<p class="p2">What you can do:</p>
<ul class="ul1">
<li class="li2">Focus on customer retention. You could consider offering flexible options, smaller packages or promotions that keep work flowing. Staying visible and keeping communication open are also key.</li>
</ul>
<ul class="ul1">
<li class="li2">Think creatively about how you present the value of your business to customers, so that they see your products or services as something they can’t do without, even in lean times.</li>
</ul>
<ul class="ul1">
<li class="li2">Review your sales mix: do you rely heavily on one or two customers or sectors that might be vulnerable?</li>
</ul>
<p class="p1"><i>Tip:</i> Review your last 6 months&#8217; sales. Are there any signs of slowing down? Consider doing a quick check-in with your top 5-10 customers this month – a short email or phone call can uncover valuable information and strengthen the relationship at the same time.</p>
<h3 class="p1"><strong><span class="s1">2. Track Your Costs</span></strong></h3>
<p class="p1">Tariffs add costs all along the supply chain. Your costs could rise quietly. Even if the increases are small, they can add up over time and erode your margins.</p>
<p class="p1">What you can do:</p>
<ul class="ul1">
<li class="li1">Look at setting up a cost tracker for the things you buy and monitor it every month. Just a spreadsheet can do the job – if you need help, we can help you to set this up.</li>
</ul>
<ul class="ul1">
<li class="li1">Then, review your profit margins and consider whether you need to adjust your own pricing.</li>
</ul>
<p class="p1"><i>Tip:</i> If you haven’t done a cost review in the last six months, now’s the time. We can help you compare supplier prices or look at your gross margin trends.</p>
<h3 class="p1"><span class="s1">3. Stay Focused on What You Can Control</span></h3>
<p class="p1">There’s a lot of noise and uncertainty, and with so much change happening globally, it’s easy to feel like your business is at the mercy of outside forces. While you can’t control tariff decisions or market reactions, you can stay proactive in how you respond.</p>
<p class="p1">What you can do:</p>
<ul class="ul1">
<li class="li1">Review your cash flow and key costs regularly. Even a simple monthly check-in can help you spot trends early.</li>
</ul>
<ul class="ul1">
<li class="li1">Keep communication open with customers and suppliers so you’re not surprised by any changes.</li>
</ul>
<ul class="ul1">
<li class="li1">Take time to assess where your business is most exposed, whether that’s in pricing, sourcing of materials or services, or customer demand.</li>
</ul>
<p class="p1"><i>Tip:</i> Now is a good time to revisit the basics – know what you spend, what you earn, and how long you could keep going if things got tight. Even simple tracking can give you clarity and confidence.</p>
<p class="p1">While the tariffs may feel far away, their effects could come closer to home quickly. So, it’s an important time to pay attention to what is happening and look out for any early indications that your business could be affected. We are here to help you stay ahead of the curve and make informed decisions.</p>
<p class="p1">Do you need help spotting the risks (or opportunities) for your business? Get in touch and let’s talk it through.</p>
<p>The post <a href="https://hjk.ie/3-strategies-help-weather-us-tariff-increases/">3 strategies to help you weather the US tariff increases</a> appeared first on <a href="https://hjk.ie">Hyland Johnson Keane</a>.</p>
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