The Irish Budget for 2023 is set to be announced on Tuesday 27th September during an unprecedented cost of living crisis that shows no sign of ending soon. Taking place two weeks earlier than originally expected, this means some business
Although many businesses in Ireland choose to keep their payroll functions in-house, increasing numbers of firms choose to outsource instead. There are plenty of benefits of so doing that should not be underestimated. However, some Chief Financial Officers, Managing Directors
As an employer, you should deduct payroll taxes from employees’ salaries and remit them to the relevant authority. Unfortunately, some workers don’t provide sufficient information for tax remittance, and you have to apply an emergency tax on their salaries. Fortunately,
Few doubt that the Irish retail sector has faced some very tough trading conditions in recent times. Of course, the global financial crisis can account for many of the problems the wider economy has faced for a decade or more
Let’s face it – inventory management is crucial in many industries. Indeed, it is often regarded as one of the top priorities among food production companies. This is because – unlike many other classes of goods – food has a
The World Bank June 2020 report predicted a 5.2% contraction of the global GDP due to the Coronavirus pandemic. The pandemic affected various industries, with tourism, finance and manufacturing the most vulnerable sectors. Shipping delays affected raw material supply, while
New regulations require employers to report the difference in pay between men and women. The reporting requirements apply to all public and private sector companies to reduce the gender pay gap in workplaces. According to Eurostat, Ireland’s gender pay gap
Payroll is a crucial aspect of your business. If you don’t put in your best effort, you can find your company failing. Employees don’t want to work for free or receive less pay. However, it isn’t the only aspect you
As an accountant, you may already be very aware of the role modern technology has to play in the industry. However, an often surprising number of qualified accountants in Ireland report that they feel the pace of change in modern
In March 2022, the government approved a new bill that grants all workers the right to paid sick leave. Created by The Tánaiste and Minister for Enterprise, Trade and Employment, the Bill will allow Irish employees to enjoy mandatory sick
In 2019, Ireland introduced real-time reporting for Pay As You Earn (PAYE) systems for employers and employees. PAYE modernisation ensures Revenue Commissioners have the correct information on businesses. With real-time reporting, an employer must prepare and report the workers’ salaries
Technological innovation has changed many aspects of modern commerce. Business practices are increasingly digitised these days and both accounting and bookkeeping are no exceptions. After all, digital resources are now available for many aspects of financial record keeping that help
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