Deadlines piling up, endless reconciliations, spreadsheets everywhere—it’s easy to feel overwhelmed. But take a deep breath. You’re not alone. Every journal entry you balance, every report you complete, every late-night, coffee-fueled session—it all matters. Remember: ✔️ You are the backbone of businesses, bringing financial clarity. ✔️ Your skills keep everything [...]
New Civil Service Mileage & Subsistence Rates – What Directors, Employers and Employees need to Know On January 29, 2025, the Irish government updated Civil Service mileage and subsistence rates, impacting travel expenses for businesses and public sector employees alike. If your company reimburses employees based on these rates, here’s what you [...]
€1,500 tax free?? Tell me more!! In 2025, the Small Benefit Exemption in Ireland lets employers give their employees up to €1,500 worth of tax-free benefits each year. Here’s how it works in simple terms: What can you get? Employers can give employees up to five separate non-cash benefits (like [...]
In today’s fast-paced digital landscape, technology has revolutionized the way businesses manage their finances. Modern bookkeeping has transitioned from manual ledgers and spreadsheets to sophisticated software solutions that streamline processes, improve accuracy, and save time. For bookkeepers and small business owners alike, staying ahead means embracing these advancements and leveraging [...]
As we progress into 2025, the bookkeeping landscape is undergoing significant transformations driven by technological advancements and evolving business needs. Staying informed about these trends is essential for bookkeepers aiming to maintain efficiency and provide superior services. Here are the key developments shaping the future of bookkeeping: 1. Increased Adoption [...]
If you're an Irish resident seeking to claim a year-end tax refund, follow these steps: Access Revenue's myAccount: Log in to your myAccount on the Revenue website. If you don't have an account, you can register for one on the same site. Review Your Preliminary End of Year Statement: Once logged in, [...]
It's crucial for Irish taxpayers to ensure their own bank account details are registered on their Revenue myAccount. Here’s why: Refund Payments Go Directly to Your Account: When claiming tax refunds, Revenue will transfer the funds directly into the bank account registered on your myAccount. If the details are incorrect or belong [...]
In 2025, the bookkeeping industry is experiencing significant transformations driven by technological advancements and evolving business needs. Staying informed about these developments is crucial for maintaining efficient and forward-thinking financial management practices. Here are some key trends shaping the future of bookkeeping: 1. Advanced AI and Machine Learning Integration Artificial [...]
Big Red Cloud is considered one of the best accounting software in Ireland for several reasons, particularly for small to medium-sized businesses. Here are the key factors that contribute to its popularity: 1. Irish Tax Compliance Big Red Cloud is specifically tailored to meet Irish tax regulations and financial reporting [...]
1. Attention to Detail Bookkeepers handle large volumes of financial data, including invoices, receipts, and bank statements. The ability to accurately record and categorize transactions without errors is crucial for maintaining clean and reliable financial records. Small mistakes can lead to major discrepancies, so attention to detail is key. 2. [...]
