Coffey & Co.

BUDGET 2017 SUMMARY BELOW https://lnkd.in/e6Cu8g2

For many SMEs, hiring a full-time accountant can feel pricey, especially during quieter months. There’s the salary, the benefits, the annual leave, and that’s before you consider ongoing training. Outsourcing lets you secure professional accounting services without tying yourself down to permanent payroll costs. By focusing on what you need rather than committing to a full in-house role, you can stretch each euro further.

Limited companies are beneficial for businesses with many shareholders and an active board. They offer privacy, contract-making power (even though it’s limited), protection from liability if there is a business accident or fraud; all this means that the risk of going into public ownership decreases significantly. Setting up a limited company can help you manage your obligations, but before doing so, make sure it’s the right option for what type of business and with who.

See who is behind our practice and put a face to the name of your new accounting team. Our team has years of experience and will offer you the best service available to ensure you succeed. Owner, manager and family run businesses looking for an accountant from Limerick will find that Coffey & Co. will be able to provide a solution to cater for all your financial needs.

Tax compliance is vital for any small business operating in Ireland. It’s essential to be well-versed in the applicable tax laws and schedules, which include Value Added Tax (VAT), Pay-Related Social Insurance (PRSI), and Corporation Tax. Adhering to these requirements helps avoid penalties and ensures smooth financial operations. Consistently track your tax obligations and organise your records meticulously. Precise record-keeping is fundamental to meeting deadlines and filing tax returns correctly. Proper documentation not only simplifies the process but also provides a clear view of your financial health. Accurate filing of tax returns on time is another crucial component. Missing deadlines can lead to fines and create future complications for your business. Timely submissions also help establish a reliable reputation with tax authorities.

The right accountant can make your business a lot simpler and more manageable. Accountants are well-positioned to help contractors like you with the tax complexities of being self-employed so that next time there’s an opportunity for work or project proposals, they’ll have all their ducks planted firmly in a row. Accountants are the perfect solution for contractors like you. Being in control of your income and ready to take on projects without hassle is what we do best.

With our experience, we can help with all your accounting needs. Our approach will fit any size company and industry sector preference, from start-ups to small businesses to larger businesses. We understand how difficult it is to be an entrepreneur-instructor and a creative professional with deadlines constantly popping up from different sources every day. Still, at least one thing should always remain a top priority: Profits must stay high enough. Why not find out how we can help your business today.

Introducing a tax-free voucher initiative at Christmas aligns perfectly with the season’s spirit of giving and celebration. It reflects foresight and understanding of employee needs, recognising it’s not just the gesture but the consideration behind it that matters. This approach ensures a win-win situation, with your employees receiving a thoughtful token of appreciation and your organisation benefiting from sustained engagement and enthusiasm.

It has been a challenging year, and it’s vital to recognise and appreciate the dedication and effort your employees have shown. Celebrating their achievements and contributions is crucial in keeping their spirits high and productivity soaring. As the festive season approaches, you can reward them with a tax-free voucher of up to €1,000, providing them with more value and joy without the burden of extra taxes.

The experience we have gained over the course of the past thirty five years gives us a unique insight into what makes business successful. This combined with our personal approach makes us particularly successful in supporting start up businesses, small to medium sized business and new companies to develop and grow. If you have any enquiries regarding our accounting services please contact our Accountants on 061 418560. https://lnkd.in/e7QN8gbV