Business Advice to help you grow
We want our clients to succeed; their success is our success. Most businesses go through a process of trial and error, learning from their mistakes as they develop and grow.
We have made a lot of these mistakes ourselves and bitter experience has taught us that these cost time and money.
If you explore how we may be able to help you and your business fulfill your potential please contact us through the buttons below.
a little more reassurance
Proud members of MSI International Global Alliance
Cathal is a member of the ACCA's* Global Council
Tax Advisory Firm of the Year 2024 at the Irish Enterprise Awards
Cathal receiving the ACCA* Accountant of the Year Award
FAQs
Business Advice
● What is the best business structure for me?
Depending on your circumstances:
• Sole trader but it offers no liability protection.• LLC provides liability protection and pass-through taxation.• A Corporation may offer tax benefits but requires more formalities.
● How can I legally reduce my tax bill?
Tax reduction strategies include maximizing deductions (eg business expenses, home office).
Take advantage of tax credits, pension contributions and correct business structure.
● What kind of records do I need to keep?
Keep records of all income, expenses, bank statements, payroll reports, invoices, receipts and tax filings.
You should retain these documents for at least 6 years.
● What are the common financial mistakes small businesses make?
• Not separating personal and business finances.• Poor cash flow management.• Failing to budget or plan.• Ignoring tax obligations.• Underpricing products /services.