Archive for February 2024
Interest cut on tax debt warehoused by businesses since Covid
Minister for Finance Michael McGrath has announced that the interest rate on tax debt frozen since the pandemic has been cut to 0%. The Revenue Commissioners have also indicated that they will take a flexible approach to repayments which will allow for pay back arrangements spanning more than five years. There is still €1.72 billion…
Read MoreBuilding a Business Budget: Foundational Steps for Financial Success
A well-structured business budget is a roadmap to financial success. It provides a clear picture of where your business stands financially, what it can afford, where it can save, and what it can invest. Here’s how to lay the foundational steps for an effective business budget. Understanding Your RevenueThe first step in building a budget…
Read MoreStrategies for Effective Debt Management in Small Businesses
Debt can be a double-edged sword for small businesses. If managed wisely, it can fuel growth and expansion. However at [$websiteName], we know that mismanaged debt can lead to financial distress and even insolvency. This article outlines effective strategies for small businesses to manage debt effic…
Read MoreInflation estimated to have slowed to 2.7% in January from 3.2% in December
The latest figures from the Central Statistics Office show an easing in the estimated annual rate of inflation in January. The latest “flash” inflation estimate from the CSO shows that the annual rate of inflation stood at 2.7% in January, down from 3.2% in December. The core HICP rate, which excludes energy and unprocessed food,…
Read MoreConstruction costs rise but rate of increase eases – SCSI report
Construction costs are continuing to rise, but the rate of increase eased significantly in the second half of last year, the latest Tender Price Index from the Society of Chartered Surveyors of Ireland shows. The report shows that the rate of commercial construction inflation increased nationally at a rate of 1.5% in the final six…
Read MoreInvestment scams growing in frequency and complexity – BPFI report
Consumers are being warned to be on the alert for elaborate investment scams involving online and mobile banking transfers. Figures from FraudSMART, the fraud awareness initiative led by the Banking & Payments Federation Ireland showed a year on year 26% increase in the incidence of such fraud in the first six months of last year.…
Read MoreStrategies for Effective Debt Management in Small Businesses
Debt can be a double-edged sword for small businesses. If managed wisely, it can fuel growth and expansion. However at KAAS, we know that mismanaged debt can lead to financial distress and even insolvency. This article outlines effective strategies for small businesses to manage debt efficiently. Assessing the Debt SituationThe first step in effective debt…
Read More