Archive for August 2024

In the rapidly evolving digital age, cloud accounting has emerged as a game-changer for small businesses. It offers a revolutionary approach to managing finances, providing a range of benefits that traditional accounting methods simply cannot match. For small business owners looking to streamline operations, improve accuracy, and gain real-time insights into their financial health, cloud…

The amount of tax collected by the State between January and the end of July was up 9.5% on the same period last year, driven by income tax, corporation tax, VAT and excise duty. Latest Exchequer Returns show that in July alone €7.6 billion in tax was received, up 10.4% or €700m on the same…

The amount of tax collected by the State during the first seven months of the year was up 9.5% on the same period last year, driven by income tax, corporation tax, VAT and excise duty. The Exchequer returns for July, released yesterday, show that during that month alone, €7.6 billion in tax was taken in,…

A total of 31,384 new residential addresses were recorded over the year to June. GeoDirectory, which records the data, said this represents a 17.1% increase on the same point a year ago. The highest proportion of the new homes were in Dublin, making up a third of the total, followed by Cork, Meath and Kildare.…

Tokyo’s key Nikkei index closed more than 10% higher today, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen. The benchmark Nikkei 225 index jumped 10.23%, or 3,217.04 points, to end at 34,675.46, while the broader Topix index added 9.3%, or 207.06 points, to 2,434.21.…

Global equities suffered heavy losses today as Wall Street joined a global stock rout that started in Japan while the dollar tumbled against the yen and US Treasury yields dropped on concerns about a recession in the United States. Oil prices also fell in a volatile session today, hit by recession fears, but declines were…

Service sector growth moderated slightly for the second successive month in July, but a pick up in new business, the year-ahead outlook and jobs growth pointed to positive signs for firms, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 53.6 from 54.2 in June, slightly below the trend so…

In today’s global economy, businesses of all sizes are increasingly engaging in international trade. While this opens up numerous opportunities, it also exposes businesses to currency risks. Fluctuations in exchange rates can significantly impact profits, costs, and overall financial stability. For businesses involved in international transactions, managing these currency risks is crucial. In this article…