Late payments are the slow puncture of Irish SMEs. The sale closed, the invoice went out, you delivered the work, and now the cash is sitting in someone else's bank account paying for someone else's payroll. You chase, they promise, you chase again, and you...
Last updated: March 2025 | Applies to: Ireland Most business owners have seen a Profit and Loss statement. Far fewer know how to actually read one. And a good number only look at it once a year when the accounts arrive from their accountant. That's a problem. Because...
Most business owners check their bank balance to decide if the business is healthy. Money in the account? Things must be fine. Balance looking tight? Panic sets in. The problem is that a bank balance tells you almost nothing about what is really happening in your...
Why This Matters If you run a professional services business between €150k and €2m in turnover, your balance sheet is one of the most important documents you own — and probably one of the least understood. Most owners default to checking the bank balance. If cash...
Last Updated: February 2026 Applies to: Ireland Every week, someone asks us the same question. "Should I put my car through the business or just claim mileage?" It sounds simple. It's not. This decision affects your tax bill, your cash flow, and how...