STRENGTH IN NUMBERS BLOG

Accountancy and the Bots

Posted: October 11, 2018 Comment: 0

The advent of double entry bookkeeping was considered one of the greatest advances in the history of finance. Even though some people still struggle to understand the difference between a debit and a credit, the concept hasn’t changed since its inception which was over 500 years ago. However, as the old axiom goes, when things change they tend to do so gradually and then suddenly.

Deed of Covenant

Posted: September 06, 2018 Comment: 0

Deed of Covenants are generally used for children and elderly parents to assist with living expenses and medical bills. A deed of covenant is legally enforceable whereby the individual (the covenantor), agrees to give a portion of his or her income to another person, (the covenantee), without receiving any benefit in return.

Are tips taxable?

Posted: September 03, 2018 Comment: 0

As a rule, if you work off the assumption that ALL income is taxable unless otherwise stated by a relief or an exemption then you won’t be disappointed when told otherwise.

Alternative Funding Sources

Posted: June 20, 2018 Comment: 0

When a business needs to raise funds, getting a bank loan is usually the first option that comes to mind. Banks are not always willing to lend but the good news is they are not the only option.  In this short article, we look at four alternative sources of finance:

Revenue Investigations for Airbnb Hosts

Posted: June 09, 2018 Comment: 0

The Irish revenue have begun issuing notice of investigations to Airbnb hosts with Irish listings. This comes as no surprise since Airbnb announced back in 2015 that it would be sharing information with Revenue on its Irish listings under S880 and 890 TCA97.

Tips on cutting business costs

Posted: June 08, 2018 Comment: 0

From time to time all businesses need to cut costs. The impetus might be to fund growth, improve profitability or survive a difficult patch. Whatever the reason, it is rare that a single action will generate the necessary cash. Usually, what’s needed is a series of cuts across a range of expenses.

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