Posts Tagged ‘Accountants advice
Freeze part of mortgages offers hope.
The Government recently announed a plan to help struggling home owners to get their mortgages split with half of the amount to be frozen while repaying the other half.
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Top Ten Tips for SEMs When Dealing with Revenue
Article by Patrick Sutton, Partner, O’KellySutton, The Sunday Business Post, 2nd Sept, 2012.
Taxpayer’s compliance record:
A compliant taxpayer is significantly less likely to be selected for Revenue audit. Revenue can also assist in obtaining a phased payment plan in the future, should you ever find yourself unable to pay your tax liabilities on time.
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Top Ten Tips for SME’s dealing with Banks
Article by Patrick Sutton, Partner, O’KellySutton in The Sunday Business Post, 26th August 2012.
1. Bank Application Forms:
Get familiar with what banks are looking for at an early stage. Bank requirements vary, depending on the size and nature of the loan. All the banks have application forms on their websites and these will need to be completed.
2. Business Plan:
This is a critical document and, yes, banks do take time to study the plan in detail.
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The Business Planning Process
One could argue that the process of business planning is hugely more important than the end plan itself. The activity of business planning is an important management tool that allows an organisation to evaluate the health of its position in the market and industry, and adapt accordingly. We liken the business planning process as being akin to checking yourself into a Medical Clinic and getting series of tests done to evaluate your health. The results of the business check up will trigger a series of changes that should be made to the business. Failure to conduct regular checkups may result in a failure to detect early signs of business problems and may even ultimately lead to a companies demise.
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