What Qualifiction does a Company Secretary Need?

Company Secretary Qualifications

The secretary of a private company is not required to have any formal qualifications. However, the directors must take all reasonable steps to ensure that the secretary has the skills necessary to discharge his/her statutory and other legal duties and such other duties as may be delegated to the secretary by the directors. Directors of a public limited company must take all reasonable steps to ensure that the secretary is a person who appears to them to have the requisite knowledge and experience to carry out the functions of secretary and who: for at least three […]

The 5 Biggest Accounting Mistakes Made by SME’s

5 SME mistakes

The following article (slightly edited by me) was recently published in the US by CPA Practice Advisor and is as relevant here as in Trumpland: “Small business owners face numerous everyday challenges, and they usually conquer them with their entrepreneurial strength. Unfortunately, keeping the books on their growing business is not a skill someone can simply persevere through and get it right. And the potential consequences of messing up on the accounting functions can have serious consequences when it comes to the success or failure of a business. The founders of the cloud accounting system Freshbooks […]

Mandatory Electroinc Filing with the Companies Registration Office

CRO

From 1 June 2017, it will be mandatory to file with the Companies Registration Office (CRO) the following forms electronically: B1- Annual Return (including financial statements and electronic payment) B2- Change of registered office B10- Change of Director and/or Secretary or in their particulars B73- Nomination of a new annual return date The signature page for the Form B1 must be printed, signed by the officers of the company and delivered to the CRO. Paper forms and paper financial statements filed after 1 June 2017 will be returned and if this results in the Annual Return […]

Limited Company Letterheads

LetterHead

The following particulars must be shown on all business letters of a limited company: The full company name The forename and surnames of the directors and their nationality if not Irish The legal form of the company Place of registration and registered number e.g. registered in Dublin, Ireland In the cast of a company exempt from the obligation to use the company type (Companies Limited by Guarantee/Designated Activity Companies) as part of its name, the fact that it is such a company In the case of a company being wound up, the fact that it is […]

Sick Leave

sickleave

The Government in 2014 approved amendments to Sections 19, 20 and 23 of the Organisation of Working Time Act 1997 to bring the Act into line with rulings of the Court of Justice of the European Union in relation to the accrual of annual leave entitlement during sick leave. The amendments to the 1997 Act have now been made by section 86(1) of the Workplace Relations Act 2015 which was enacted on 20 May 2015.   These provisions of the Workplace Relations Act have commenced as of August 1, 2015. The amendments to the 1997 Act […]

Is Pricing Low A Good Idea?

lowprice

Especially when starting up a business the perceived wisdom can be that you should price low. If you price low you can win more customers. More customers mean more sales and that’s the key to success……or is it? The tendency is to think I’m new, I’m small, I can do it cheaper. But in fact there are four problems with this thinking. One of the most common mistakes made by business owners is to underestimate their costs. Small businesses generally don’t have the right attributes to be able to get significant cost reductions in comparison with […]

4 Tried and Tested Ways To Ensure You Get Your Pricing Right

pricing

There’s no doubt that applying the right pricing to your business can help you make more profit. In fact, McKinsey, the global consulting firm, suggest that pricing has a bigger impact on a company’s profit than anything else. How can you make sure you’re making the right pricing decisions that make you the most profit? Read on to gain insight into pricing anchors and then 4 tried and tested ways for you to successfully apply them to your business. Pricing Anchors… Anchoring is profoundly important to pricing for profit. Here’s why… A product is never really […]

One Tip That Will Help You Convert More Sales

ConvertMoreSales

Whatever you’re selling, one question your prospective customer will be asking is: how do I pay for this? This could range from wondering if payment plans are available through to which credit cards you take. Face the facts… The reality of modern life is that many people don’t carry cash or use chequebooks. That’s especially important to realise if your customers are the general public. If you don’t have card facilities you could be missing out on a huge swathe of potential customers. If you have an e-commerce website then make sure you have a wide […]

Tax Issues On Buying And Renting Residential Property In Ireland

BuyingResidentialProperty

Perhaps you’re thinking of moving to live in Ireland, or maybe you already live here. What are the tax issues you need to be aware of on buying or renting a residential property? Renting… When you rent a residential property then there is no tax relief available on the rent you pay. This applies whether you’re renting from a landlord or sharing a house with someone else. If you run a business from home then it may be possible to claim a proportion of your rent cost as a business expense in your accounts. This would […]

How to Retire and Smoothly Exit Your Business

Retirement

More than likely your business is highly dependent on you. Perhaps it’s your skills or your drive and ambition that make your business a success. But now you’re coming up to retirement age or maybe you’re thinking of leaving the business for different reasons. How can you smoothly exit your business? The answer is to plan carefully. This is often called succession planning. What is succession planning? It’s a plan to determine and develop the person(s) who will take over from you in running the business. What are your options? Your options can usually be boiled […]

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