Navigating the Risk: Protecting Your Business from VAT Fraud In the intricate web of modern commerce, VAT fraud emerges as a formidable challenge, ensnaring even the most legitimate traders in its deceptive threads. The spectre of VAT fraud looms large, threatening to entangle businesses in a chain of transactions that, unbeknownst to them, are laced with illegality. … [Read more...]
How firing clients can be good for business
How Firing Clients Can be Good For Business by Neil O'Brien of Quantum Business Solutions She didn’t hold back. “Neil, have you lost your mind? Fire customers – fire 37% of my customers!! Are you insane?”. Her reaction was both expected and not unusual. But unfortunately for Sharon, the numbers don’t lie. I had just completed my 80:20 analysis of her accounts and worked … [Read more...]
Improve Your Bank Balance – 4 Step Action Plan
In less than four minutes we walk you through a simple but powerful case study and offer a 4 Step Action Plan for your business to improve cash collection and your cash position. Click on the video link below. https://youtu.be/Qn41Qlfabvo ODK is a firm of accountants based in Cork and specializing in advising SME and family business clients. … [Read more...]
Company Car – SME Tax Implications – Simple Explainer
A recurring query that we have from clients is around the tax treatment of a company car for the business owner. Here we unwind it in a very short video clip. Feel free to email us at info@odk.ie or go to our online chat at www.odk.ie. ODK is a firm of accountants based in Cork and specializing in advising SME and family business clients. … [Read more...]
Have Your Online Banking Publish To Your Accounting Software
Having your online banking post entries directly to your accounting software is not new but fortunately it is back working again after a some downtime since the start of the year due to Brexit. If you are not availing of this facility already you really should look at getting set up. Please feel free to contact us if you need any advice. Click here to read the update from … [Read more...]