Latest News

Latest News

Unlocking Business Value: A Buyer’s Perspective

When a business is on the market, potential buyers are on the lookout for more than just a set of financials. They seek a strategic investment that promises not only immediate returns but also long-term value. To entice buyers effectively, sellers must understand what buyers are searching for and how to present their business as…

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Unravelling the Decision: Why Entrepreneurs Choose to Sell Their Businesses

In the ever-evolving landscape of entrepreneurship, the decision to sell a business is a strategic crossroads that entrepreneurs navigate for various compelling reasons. Let’s explore some key motivations behind why individuals decide to part ways with the ventures they’ve nurtured and built from the ground up. Financial Gain: One of the most straightforward reasons is…

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Rental Yield

What is rental yield? Simply put, rental yield is the financial return that a landlord and investors are to achieve from renting out their property. Commonly used by landlords and real estate investors the rental yield calculation is used in conjunction with other factoring information to make a decision on a property’s profitability. What is…

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The Global Fight Against Crypto Tax Evasion: Understanding the Crypto-Asset Reporting Framework (CARF)

In 2022, the OECD unveiled the Crypto-Asset Reporting Framework (CARF), a pivotal initiative addressing tax transparency in the rapidly expanding global crypto market. With a comprehensive definition covering stablecoins, derivatives, and specific non-fungible tokens, CARF sets out to combat tax evasion through automatic information exchange between crypto platforms and tax authorities worldwide. – This framework,…

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Leasing: The shift from FRS 102 s.20 to IFRS 16

Financial reporting involves the production of financial statements showing an entity’s profit or loss, assets, liabilities, and other additional information relating to the financial statements. In recent years there has been a shift from Financial Reporting Standards (FRS) to International Financial Reporting Standards (IFRS). One of the reasons for this transition is to standardise financial…

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Different approaches to negotiation in business

In Today’s blog we will look at the many different approaches to negotiations in the world of business, how they are used and their effectiveness. – Everyone who is involved in the world of business knows their own way whilst trying to negotiate a very important deal or trying to get the best price for…

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Becoming an Expert: ‘Five Steps to building visible expertise’

Innovative professional firms prioritize visible competence in today’s competitive climate, to assist and maximize business development chances. – Visible knowledge is necessary for professional services for a few reasons. – It is first and foremost a means of setting your company apart from its rivals. Being recognised as a leader in your industry makes you…

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Debt Warehousing Scheme: 0% interest rate to apply to warehoused debt

The Minister for Finance, Michael McGrath TD, recently announced that, after much engagement with Revenue, the interest rate applicable to all debts housed under the debt warehousing scheme during period 3 will be reduced from 3% to 0%.  – For most taxpayers, period 3 of the scheme would have commenced on the 1st of January…

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Mortgage Interest Tax Credit (MITC)

The mortgage interest tax credit was announced in the 2024 Finance Bill.  – The credit is subject to a number of conditions, which once satisfied, will provide the taxpayer with a credit worth 20% of the increase in the interest paid in 2023 compared to the interest paid in 2022.  The maximum credit available is…

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