Improve it NOW!

A powerful website can attract new business. Again. And again. And again….. So is it not worth  time and investment? Of course it is! So… Take the time now to review your site and improve it NOW. A website is a powerful sales tool which allows you to address your customers’ concerns, give them the information they need to make a decision and create compelling calls to action. Your website is where people can go to seek out information about your company and engage with you on a more personal level. Use it to build confidence […]

Tips for maintaining positive cash flow for your business

In the current economic climate, difficulties with cash flow are quite frequent as customers take longer to pay their bills and banks tighten credit facilities. Be always looking for ways  for maintaining a positive cash flow in your business. Proper advance planning  and proactivity is absolutely essential.   Manage Costs In protecting your bottom line, you not only need to focus on increasing your income, you also need to reduce your expenses. The key to achieving a positive cash flow is to understand your costs and their payment dates and review these carefully at least on […]

The Directors checklist to staying out of trouble with the Director of Corporate Governance!

The 8 main rules of Directors are to: Act in good faith and always act in what the directors consider to be in the company’s best interest. Act honestly and responsibly in the company’s affairs. Act in accordance with the Memorandum and Articles of Association and exercise powers accordingly. Not use company property for own or others use unless approved by the members. Avoid conflicts of interest unless approved by the members. Exercise care, skill and diligence in their dealings on behalf of the company. Have regard to interests of members. Ensure all filings with the […]

Advantages and Disadvantages of a Limited Company

Click here to arrange a meeting or here for a telephone call. Thinking of starting your own business? Call us now on for a free 30 minute consultation to find out which is best for you. or complete the form below and we will call you back or complete the form below: A limited company is a legal entity in its own right. You are not personally liable for the company’s debts as long as you have not traded fraudulently or you have not given personal guarantees for bank borrowings or to suppliers. Click here for information on forming a […]

Mileage and Subsistence Update at November 26 2012

The tax free reimbursement of motor and subsistence expenses is becoming an area of increased focus for Revenue Audits which is resulting in companies being liable for interest and penalties due to non compliance with the regulations. Basic Rules Where directors and employees necessarily incur expenses of travel and subsistence (relating to the travel) in the performance of the duties of their office or employment the reimbursement of such expenses may within certain limits be made tax free.  The following conditions must be met: The director or employee must be temporarily away from their normal place of work […]

Company Secretary’s Duties

There is an express statutory duty on the Secretary of a company to ensure that the requirements of the Companies Act are complied with by the company.   The functions of a Secretary are essentially administrative not managerial. A Secretary commonly: Provides comprehensive and administrative support and guidance to the Board of Directors. Ensures that the Board’s decisions and instructions are properly carried out and communicated. Has responsibility to ensure that the company complies with all relevant statutory and regulatory requirements. Has responsibility for communication with the shareholders when required. Executes important documentaton on behalf of […]

Health Levy Contribution Refunds

For the tax years 2008, 2009 and 2010, the exemption threshold for payment of the Health Levy was €26,000; this is €500 per week. If you earned more than €500 in any one week in the year, you would have been liable to the Health Levy but at the end of the year if your cumulative earnings are less then €26,000, you can obtain a refund of the health levy charged during the year. If you are entitled to a refund for 2008, 2009 or 2010, you should contact the Department of Social Welfare to claim […]

CRO Update – Amalgamated Accounts

From 31 December 2011, the exception in respect of amalgamated accounts has been discontinued and will not be accepted by the CRO. This refers only to instances where the one or same set of accounts are filed with more than one annual return. Therefore, from 1 January 2012, a separate set of accounts is required to be filed in respect of each financial year of a company.  The effect is that each annual return received by the CRO is required to be accompanied by a set of accounts for a financial year ending not earlier than […]

10 Ways to Reduce Utility Costs

Significant savings can be made if you examine your utility usage and costs. Cost reduction ideas include: Offer incentives to staff for energy saving ideas Reduce the temperature setting on thermostats over the winter months and with air conditioning increase during the summer months. Install time clocks to control lighting, air conditioning and heating systems. Have staff power off computers when they leave their desks by using a specially installed off/on button. Have staff turn off fluorescent lights when they leave a room for more than 15 minutes and incandescent lights if gone for more than […]

Accountancy Vacancies

We are looking for: an experienced Audit Senior/Manager for our busy Cork practice. Big 4 experience and 2 years PQE is preferable. Previous responsibility for audit planning and leading audit teams is essential. Delivery of additional consultancy services also envisaged. a recently qualified accountant to provide accountancy services to a diverse client base Interested? Please send your CV to pm@parfreymurphy.ie before 30 November 2011.     PDF

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