SMEs advice
SME’s and relevance of Corporate Governance
An Article by Patrick Sutton, partner of O’KellySutton in the Sunday Business Post August 2013
The CEO of a rapidly growing hi tech company recently asked me about the importance of corporate governance for SME’s. A company shareholder had highlighted certain weaknesses in this area to him and he was a little taken aback by it. I address herein some issues the CEO needs to consider.
How to Start a Successful Business
Starting a business can be a pretty daunting and challenging experience whilst at the same time a most rewarding one if it’s done right. Discipline, rigor, and hard work are most definitely required. There are ways of greatly increasing your chances of success, some of which I will touch on in this article.
Firstly, make sure you have the full support of your nearest and dearest. Decide how you intend to manage your personal commitments and put the necessary arrangements in place.
You need to complete a business plan. Look at different types
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Pension Payments for Company Directors
Company Directors with 31 December company year ends you should be looking at 2011 draft figures for the year and taking whatever actions are necessary from a tax planning and financial management point of view. For example those wishing to make additional pension payments for the year must do so before 31 December. Pension payments cannot be accrued after year end. Remember stocks takes must be carried out on 31 December which is Monday this year.
For sole traders there may be a benefit to moving year ends away from 31 December year ends in order to give more flexibility for effective tax planning. This is something sole traders with 31 December year ends should explore.
For more information contact Pat Sutton, Managing Partner, O’KellySutton, Sutton@okellysutton.ie, 086 2523637
Budget 2013 – Ten point plan could spur on small businesses
An article by Patrick Sutton, Partner of Okellysutton in the Sunday Business Post on the 9th December, 2012,
In his Budget, Minister Noonan announced a ten point tax reform plan to help small businesses. Of particular interest in the ten point plan are the following elements:
Top Ten Reasons for Business Failures
In a recent article in the Sunday Business Post, 18th November 2012, Pat Sutton highlighted the top ten reasons for Business failure and advice to how to avoid failure;
On the face of it business failures can happen for many reasons such as running out of cash, lack of sales,
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