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Thousands of businesses in Ireland fail every year due to a lack of cash flow. Many blame the lack of funding from banks. However, with better cash flow management they could have avoided many of the pitfalls that resulted in the business failing. So, let’s look at the pitfalls and what the business can do to avoid these. Problem: Poor sales and gross margins too low (not enough profit). Solution: Review...
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Running a business isn’t easy! How to deal with the 5 Top Challenges for business owners, as they look forward to the second half of 2022 Overcome the challenges and reap the rewards. I. Staff. Getting and holding onto staff is already proving to be a real challenge as we enter the final quarter in 2021 and is not going to get any easier in 2022. So what can you do about it? Survey your team to identify what they want from the...
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This is a question that is regularly asked. Company directors are often tasked with figuring which is the best option for them or for an employee. To assist with this, I explore the costs and benefits of both options and also include a useful calculator in a downloadable spreadsheet format below. Taking the example of a company director who travels 10k business km’s annually and is looking to purchase an Electric Car costing €45k on 1st July 2022. Lets...
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Running a business is hard! A common mistake we are all guilty of….. is selecting to do the things we are comfortable doing first. It's in our human nature to do what we are good at and what we like doing. But our businesses would benefit more if we did less of these things and if we delegated more. The benefit to us, is that we then have more time to focus, on making the improvements that we know our...
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It’s no joke for business owners! There are some key changes coming, that business owners need to be aware of. The first of these is the new statutory sick pay and the other is of is an important notice from Revenue if you are availing of the Revenue Debt Warehousing scheme. Sustainability will encompass our social responsibility and how we behave, treats our employees, and give back to the community. New Statutory Sick Pay 3 days in 2022, then rising to 10...
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When it comes to our environment, almost every business needs to concern itself with pollution and carbon emissions from travel, heating, and other sources. For some businesses who are working with physical products, then they can consider the use of natural resources, while primarily online businesses might focus on other things like energy consumption. Sustainability will encompass our social responsibility and how we behave, treats our employees, and give back to the community. Let's go Green! What are we doing...
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Are you a qualified accountant who would love to work for yourself but don't want to do it on your own ? Here at Solve, we are a leading accounting outsource firm in Ireland established in 2010 with a proven track record. Solve is known as the accounts team that successful business owners and their team rely on. This is a unique and exciting opportunity being offering to the right candidate who is interested in working autonomously and has...
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Winds of change coming in March Reminder: Amendments to the Employment Wage Subsidy Scheme (EWSS) from the 1st March 2022 EWSS Subsidy Rates Changes to the EWSS subsidy rates will also apply from 1 March. Employers eligible for EWSS that were directly impacted by the public health regulations imposed from 20 December 2021 to 6am on 22 January 2022 will be paid a subsidy rate of €151.50 or €203 per employee (depending on the eligible employee’s gross wages)....
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As we come to the end of the Covid-19 crisis (hopefully!). We look at what supports remain and when they are available until. Employment Wage Subsidy Scheme (EWSS) Businesses availing of the EWSS that were directly impacted by the public health regulations imposed from 20 December 2021 to 22 January 2022, will continue to receive EWSS subsidy payments for the month of February at the current rates (i.e. same as January). In addition, the phased exit from the EWSS will be...
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We are sad to be leaving our old home in Coolmine, but really forward to our new location in Blanchardstown Corporate Park. Our new office is in Block 8, Blanchardstown corporate park. It might seem strange purchasing a new office, with more office space, when many businesses are downsizing and reducing their office requirement. But here in Solve, we like to push the boundaries and focus on growing and improving our business. As we enter 2022, there are many...
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