Archive for February 2026
Profit vs Cash Flow in 2026: What Irish SMEs Must Monitor Closely
We regularly meet business owners who are surprised to learn that a profitable company can still experience financial pressure. In 2026, understanding the difference between profit and cash flow is more important than ever for Irish SMEs navigating rising costs and competitive markets. Profit is what remains after expenses are deducted from revenue on your…
Read MoreThe Real Cost of Discounting: Protecting Margins in Competitive Markets
At KAAS we know in competitive markets, discounting can feel like the quickest way to win new customers or secure a sale. Price reductions often generate short term activity, boost turnover and help clear stock. However, many business owners underestimate the true cost of discounting and the long term impact it can have on profitability.…
Read MorePayroll in 2026: Key PAYE and PRSI Updates for Employers
We believe that staying on top of payroll obligations is one of the most important responsibilities for Irish employers in 2026. PAYE Modernisation has firmly embedded real time reporting into everyday operations, and Revenue continues to place strong emphasis on accuracy and timely submissions. Even small errors can result in penalties, interest and unnecessary administrative…
Read MorePreparing for a Revenue Audit: What Irish Businesses Should Have Ready
We understand that the words Revenue audit can cause concern for any business owner. However, an audit does not have to be disruptive if your records are organised and your processes are robust. In 2026, with Revenue continuing to enhance data analysis and digital oversight, preparation is more important than ever. The first priority is…
Read MoreRevenue Compliance in 2026: A Checklist for SME Directors
We understand that Revenue compliance remains a critical responsibility for SME directors in 2026. With Revenue continuing to enhance data analytics and real time reporting systems, businesses must ensure that their tax affairs are accurate, timely and well documented. A structured compliance checklist can help directors reduce risk and maintain confidence. First, confirm that all…
Read MoreHow to Prepare Your Business for a Revenue Compliance Check
At KAAS we know revenue compliance check can feel daunting, particularly for SME owners who are already managing multiple responsibilities. However, preparation and organisation can significantly reduce stress and disruption. With Revenue increasingly using data analytics and real time reporting tools, businesses must ensure their records and processes are consistently accurate. The first step is…
Read MoreManaging Cash Flow in 2026: Practical Steps for Irish Businesses
We believe that strong cash flow management remains one of the most important priorities for Irish businesses in 2026. Profitability alone does not guarantee stability. Many otherwise successful SMEs encounter difficulty because cash inflows and outflows are not aligned. A disciplined approach to cash flow can protect your business during both growth and uncertainty. The…
Read MoreTop 6 Financial Reports Every Irish SME Owner Should Review Monthly
At KAAS we know running a successful SME in Ireland requires more than strong sales and good intentions. Clear, consistent financial oversight is essential. Reviewing the right reports each month allows business owners to spot issues early, protect margins and make informed decisions. Here are six key financial reports every Irish SME owner should examine regularly.…
Read MoreThe Top 5 VAT Mistakes Irish SMEs Are Still Making
We regularly see how small VAT errors can lead to unnecessary stress, penalties and cash flow pressure for Irish SMEs. VAT remains one of the most closely monitored taxes by Revenue, and even unintentional mistakes can trigger costly consequences. In 2026, strong VAT compliance is more important than ever. Here are five common mistakes businesses…
Read MoreTop 7 Tax Planning Moves Irish SMEs Should Make in 2026
We believe that proactive tax planning is one of the most powerful tools available to Irish SME owners. In 2026, with ongoing economic shifts and increased Revenue scrutiny, taking early action can protect profits and strengthen long term stability. Here are seven practical tax planning moves every SME should consider this year. 1. Review Your…
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