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Your accountant is leaving, or your business is getting bigger, and you feel now is the time to hire an accountant. Is it that simple? You have a vision of having an experienced accountant at your side. You don’t just want an accountant who produces the numbers but an experienced accountant that understands and interprets them for you. Someone you can trust, who will advise and guide you as your business grows and become a key part of your team. Overseeing the financials...

In this week’s Blog, we visit the Hutton and Meade Garage in Ballycoolin and speak to Nigel Brennan about the benefits of purchasing an electric car through a company. In this video, we'll be covering topics such as:  Accelerated Capital Allowances, Electric Charge PointsBIKOther benefits We hope you enjoy our video and make sure you stay tuned to the end for a fun blooper reel at the end! https://youtu.be/BghoEu_p1_o Would you like a FREE Internal Accounts Review where you can find out how to get...

Ever wondered what other company's accounts function is costing them? To give you and your management team some insight into how your company's account fuction stacks up against the competition, we have introduced our all-new In-house accounts function review. It's a simple, but incredibly thorough process that provides incredible insight into your account functions and, best of all, it's FREE until 31 May 2021. How it works: A member of our team will review your accounts system and review a series of straightforward...

Applications for Phase 1 of the Small Business Assistance Scheme for COVID (SBASC) are now open. The applications should be made to your local authority and the closing date for receipt of applications is 21 April 2021. This will provide grants to businesses ineligible for the government’s other existing schemes designed to help with fixed costs. SBASC gives grants to businesses who are not eligible for the Government’s COVID Restrictions Support Scheme (CRSS), the Fáilte Ireland Business Continuity grant,...

Don't forget the standard rate of Irish VAT is due to increase to 23% with effect from 1 March 2021. The rate had been reduced to 21% for a six month period from 1 September 2020 to 28 February 2021. The 9% reduced Vat rate remains effective until the 31 December 2021. Be sure to take into account the following: 1 - Systems will need updating. Your EPOS and accounts systems will need to be updated with the new standard rate change. 2...

Every business owner has their own unique way of doing things. It’s their specific skills and habits that make them so good at what they do - regardless of industry or product. But, there are some universal, common-sense best practices that every business owner should adopt to help their business or company run as smoothly as possible. So, if you’re looking to be more successful - read on! Try incorporating one (or more) of these habits to help your business thrive and...

On 1 February, Fáilte Ireland announced details of its new €55 million Tourism Business Continuity Scheme. The plan will help support the survival of businesses in the short term and assist in the recovery of the sector in the long-term. The scheme will support those tourism businesses that were not eligible for the Covid-19 Restrictions Support Scheme (CRSS) payment or any previous Fáilte Ireland continuity grant schemes. Applications for the new scheme open...

As businesses and finance teams across Ireland are preparing for the new tax year, the team here at Solve is making sure you stay up to date on the latest changes for employers in 2021. Minimum Wage Increase Starting 1 January 2021, the National Minimum Wage will increase to €10.20 per hour. This represents a 10 cent increase on the current National Minimum Wage of €10.10 per hour. EWSS — Change in eligibility for Employment Wage Subsidy Scheme in 2021 Employers will need to check...

With the deadline for the UK and the EU to reach a trade deal rapidly approaching, many businesses are concerned about what this means for them moving forward. If you run an EU-based business, it’s important that you familiarise yourself with the new rules and prepare for these changes so that you can continue trading with the UK from January 2021. Below, we provide you with a summary of steps to ensure that you can continue trading...