Without good customers you don’t have a business. The only reason you will have customers is if you offer what the customer needs, and then supply it better or cheaper than someone else.
An Article by Patrick Sutton, partner of O’KellySutton in the Sunday Business Post 29th December 2013
Deciding on the right accounting solution for your business can be a stressful exercise. There are lots of software packages available on the market, some cloud based.
An Article by Patrick Sutton, partner of O’KellySutton in the Sunday Business Post 8th December 2013
To facilitate growth and expansion, businesses often look to the appointment of a distributor (an agent or representative). Finding a distributor who is the right fit for your business is of critical importance.
An Article by Patrick Sutton, partner of O’KellySutton in the Sunday Business Post November 2013,
It’s said that relationship banking is over. This may well be the case when things go wrong, however in normal trading circumstances for SME’s there is great value in keeping you bank up to speed. Not every company can go to the market to raise equity or get access to state funding so banks will always have their place.
How many times have you had an audit concluded and then been just asked by the auditor to ‘sign here’ or sent the accounts in the post ‘for signing’? A lot of auditors miss the importance of communicating the key audit findings through a formal detailed Key Findings letter.
An Article by Patrick Sutton, partner of O’KellySutton in the Sunday Business Post October 2013
Budget 2014 has its pros and cons however it does give a level of income certainty to consumer’s which is to be welcomed. It is hoped that this consumer confidence will be reflected in increased spending on the high street and give a lift to SME’s in general. Some of the 25 pro-business measures unveiled in the budget are looked at here:
An Article by Patrick Sutton, partner of O’KellySutton in the Sunday Business Post August 2013
The CEO of a rapidly growing hi tech company recently asked me about the importance of corporate governance for SME’s. A company shareholder had highlighted certain weaknesses in this area to him and he was a little taken aback by it. I address herein some issues the CEO needs to consider.
Starting a business can be a pretty daunting and challenging experience whilst at the same time a most rewarding one if it’s done right. Discipline, rigor, and hard work are most definitely required. There are ways of greatly increasing your chances of success, some of which I will touch on in this article.
Firstly, make sure you have the full support of your nearest and dearest. Decide how you intend to manage your personal commitments and put the necessary arrangements in place.
You need to complete a business plan. Look at different types
Revenue is currently comparing the pension information received from DSP with the return of income Form11 for individuals who received a DSP pension payment in 2010 and prior, with a view to identifying those
Company Directors with 31 December company year ends you should be looking at 2011 draft figures for the year and taking whatever actions are necessary from a tax planning and financial management point of view. For example those wishing to make additional pension payments for the year must do so before 31 December. Pension payments cannot be accrued after year end. Remember stocks takes must be carried out on 31 December which is Monday this year.
For sole traders there may be a benefit to moving year ends away from 31 December year ends in order to give more flexibility for effective tax planning. This is something sole traders with 31 December year ends should explore.
For more information contact Pat Sutton, Managing Partner, O’KellySutton, Sutton@okellysuttoncrosby.com, 086 2523637