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VAT, or Value Added Tax, is a consumption tax. It is applied to the sale of most goods and services in Ireland at each stage of the supply chain, from production to the final sale to the consumer. It is…

The role of Company Secretary is a crucial position in Irish companies. Company secretaries ensure legal compliance and provide administrative support to the board of directors. They maintain statutory registers, file annual returns, and organise board meetings. The Companies Act…

Finances, business structures, and personal relationships can be complex. This complexity can lead to commercial disputes, finance-related disagreements, and misconduct suspicions. These are the types of situations where forensic accounting can help bring about a resolution, from negotiating an agreement…

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…