Does your business need accounting services, bookkeeping services, or both? It is a common question, particularly for start-ups and businesses going through a rapid growth phase. Understanding the difference between accounting and bookkeeping will help you make the right decision…
Businesses are restructured for various reasons, from dealing with the most difficult of challenges to taking advantage of growth opportunities and everything in between. There are also various ways to restructure a business in Ireland, with some more complex than…
A management buyout is where a business is sold to its management team. It is an alternative to selling the business to a third party or merging it with another company. Management buyouts can also be an alternative to a…
Due diligence is an essential process in mergers and acquisitions. It is also beneficial when making investment or funding decisions. In summary, due diligence is a comprehensive appraisal of a business to sanity check decisions, uncover unknown information, and mitigate…
Mergers, joint ventures, and acquisitions are common corporate restructuring strategies for Irish businesses, large and small. What is the difference between each of the options, when are they most relevant, and what are the potential legal and regulatory issues that…
Questions about statutory audits are among the most commonly asked by business owners and directors. This is understandable given the strict regulations that govern the statutory audit process. So, what is a statutory audit? Let’s start with a brief summary.…
If you run a business, it is important to understand the basics of accounting, even if you are outsourcing the key tasks to an accountant. Knowing the basics of accounting will ensure you are better informed of your obligations as…
There are accountants, companies (and individuals) that provide accountancy-related services, and then there are Chartered Accountants. In Ireland, Chartered Accountants are regulated members of either Chartered Accountants Ireland or the Association of Chartered Certified Accountants. What differentiates a Chartered Accountant…
Changing your accountant is a straightforward and smooth process – we outlined the main steps in a previous blog. Why should you change your accountant, though? What are the business conditions, financial considerations, or compliance reasons that can trigger a…
Accountants play an essential role in the management and operation of businesses. That said, there is sometimes a perception that an accountant’s role is about procedure, administration, and compliance. In other words, hiring an accountant is a necessary but non-value-adding…