Funding and grants available for family businessMany family businesses are unsure where to start when it comes to applying for funding and grants. While advice is available from multiple agencies, it takes time to identify relevant schemes and the process of applying for funding can be complex. Set out below are some options that may be relevant depending on your … Read More
5 things to consider when introducing shareholdersFrom time to time, situations may arise when your family business needs to bring in new shareholders. This may be for business development or succession planning reasons or to strengthen governance. Whatever the reason, there are a number of important matters to consider, five of which are touched on in this short article. However, … Read More
Successful outsourcing for family businessesAs family businesses develop, administration becomes more complex. Processing errors may go unnoticed and backlogs can start to build up which, in turn, lead to cashflow problems. If left unaddressed, it doesn’t take long for issues like this to escalate and create a serious difficulty for the business. A cost-effective way to avoid processing errors and … Read More
12 reasons to get a value on your family businessFamily business owners often only think about valuation when they are retiring or planning to sell. Yet knowing what your business is worth is vital information for planning and risk management purposes. It benchmarks your business against your competitors, highlights opportunities to improve value and helps protect your family and business … Read More
Dental practice development — 10 tips to improveIn a busy dental practice, it is not always easy to find time to work on strategy. Scheduling, customer service, attracting new clients, patient education, team motivation, purchasing and payment of suppliers and other general administration—all of these things require more attention as your dental practice develops and grows. Yet many practice owners … Read More
Business Post: Employing international employees in the post-pandemic workplaceHLB Ireland is on hand to help businesses navigate the compliance and legislative challenges of taking on workers from outside Ireland The pandemic provided a myriad of challenges for business, including the widespread emergence of remote workers, according to Adrian Barrett, head of accounting and outsourcing HLB Ireland. “The ability to work … Read More
Why every family business needs a business planThere are three key reasons why a good business plan is one of the most valuable tools your family business can have: 1. At a strategic level, it clarifies business goals and ensures that family members, shareholders, management and employees understand their individual roles and responsibilities. 2. From a business development perspective, it … Read More
Benefits of moving your accounting function to a cloud-based system such as XeroNow more than ever, we can see the importance of Cloud-based software, which has become indispensable to businesses that have embraced it. Xero is our preferred accounting solution for businesses and outsourcing clients. It has everything our clients need – invoicing, bank reconciliation, reporting, contacts, plus everything you … Read More
Mergers & Acquisitions in the Accounting ProfessionBy Mark Butler | Accountancy Plus – March Issue 2021 New technologies and the commoditisation of compliance services present opportunities for Irish accounting firms who are open to growing their business through mergers and acquisitions (“M&A”), says Mark Butler, Managing Partner HLB Ireland. Irish accounting firms are predominantly independent small general practices with a … Read More
Chartered Accountants Ireland Article – Mark ButlerShould your firm merge to compete in an evolving landscape? When it comes to clients and staff, their expectations of accounting firms have changed. One way to approach this change and meet stakeholder needs is to consider a merger, says Mark Butler. Consolidation of smaller accounting practices in Ireland has not kept pace with … Read More
