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Change of accountant & change of strategy: Result – A €20,000 tax refund!
Posted 7 Apr 2013
Yes that’s right: a €20,000 tax refund. A business which had for years followed a policy advocated by their previous accountant had put themselves in a position where I identified they had made a large tax overpayment. Following my negotiations with the Revenue Commissioners this company has just received a €20k tax refund. I’ve come [...]
Supermarkets to extract more money from Irish food suppliers
Posted 11 Mar 2013
According to a report in the Sunday Business Post (March 10th) Dunnes Stores is seeking an increase of up to 15% in a non-negotiable, one-off payment to fund a ‘lower prices campaign’. No doubt the other multiples will soon follow suit. For suppliers who do not ‘cooperate’ the consequences of fewer listings, reduced shelf space [...]
Converting pdf sheets to excel
Posted 3 Nov 2012
Just started using A-pdf program for converting pdf sheet to Excel. This is a really useful program & can save a lot of work.
Getting the right information & acting on it
Posted 24 Oct 2012
Managing a business by just ‘gut feel’ and deciding on courses of action based on the latest bank balance is similar to driving a car in semi-darkness with the lights switched off. Irrespective of the nature of the business running a business involves owners in a) Getting reports b) Reading reports c) Really understanding reports [...]
€11m profit difference in SME Food Producers: Why?
Posted 19 Oct 2012
The recent survey showing the €11m profit difference between best & worst in the SME food production did not include recent casualties Olhausen or Cappoquin Poultry as they were not part of the companies surveyed. The surprising thing is that one of the most profitable companies in the survey operates in one of those broad [...]
Food production sector
Posted 1 Oct 2012
A recent survey of 50 food manufacturers found the difference in lifetime profits between the best and the worst food manufactures works out at €11m.
Getting the right information is only part of the solution
Posted 15 Aug 2012
Many business owners are faced with numerous issues some solveable by themselves and some outside their control. One of the issues faced by many business owners is getting the right information and getting it on time. In reality there is no longer any reason that business owners should be without the up to date critical [...]
Enterprise Ireland market research centre
Posted 26 Jun 2012
Enterprise Ireland have opened a New Market Research Centre for Irish exporters to support Irish companies in developing their export plans. The new centre at Enterprise Ireland’s offices in East Point, Dublin 3, has been designed to provide established and potential exporters with ready access to an extensive set of market research resources. The resources [...]
Business failure rates. How can we reduce these?
Posted 4 May 2012
Stress tests conducted on companies filing their accounts in April 2012 showed a marked deterioration in financial stability compared with Q1 results according to vision-net.ie. 31,070 businesses were subjected to their stress test in Q1. Of these 15,485, (50%) were deemed to be high risk and showing signs of business failure. 17% were deemed to [...]
ESB & Irish Government quietly drop wind energy incentives.
Posted 4 May 2012
The ESB Networks Domestic Micro generation Incentive scheme for wind energy was introduced on 1st March 2009 as an interim incentive to run for 3 years until the Government established and implemented a National strategy for Micro generation. The 3 year term ended on 29th February 2012. This meant that the free import/export meter and [...]
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