Sage Ireland Blog

News, views and opinions from Sage Ireland

Finance

The Quest for Change

The Budget 2015 – an accountant runs through the key points

With the Budget of 2015 having been delivered, Tracey Glacken, of Glacken Accountants and a Sage Business Expert, discusses the announcements and how they affect businesses in Ireland. The Budget 2015, as delivered by Ministers Noonan and Howlin, signalled the end of austerity and the start of a positive approach towards the future. Changes to [...]

Posted in: Accountants, Finance, News, Small Businesses
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IXBRL and Accountants

Simon Bell, Commercial Manager, Sage Ireland, comments on 31st March SEPA extension date confirmed today by IPSO

“Following the recent announcement from the European Commission proposing a six-month grace period for SEPA implementation (from 1st February until 1st August), it was yet to be determined how this proposal would be implemented at a national level. The Irish Payment Services Organisation (IPSO) has today confirmed that the grace period will last two months [...]

Posted in: Finance, News, SEPA
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Sage NPP Seminar

2014 – The year of payments

2014 promises to be a watershed year for Irish payments. Most obviously, a Single Euro Payments Area (SEPA) will finally become a reality, and paying a supplier in Munich will become as easy as paying one in Mullingar. However the planning for SEPA has exposed significant weaknesses in Irish payments. In particular, cheque usage remains [...]

Posted in: Accountants, Finance, SEPA
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SEPA

Sage Ireland comments on SEPA announcement “The situation is still crystalising and it remains to be seen how this proposal will be implemented at a national level. Businesses should continue to work to the legal deadline of 1st February”

Sage would advise that businesses continue to work towards the 1st February deadline to avoid the risk of a shutdown of payments in and out of their companies after this date. In early December, ISME reported that 73% of SMEs have started the implementation process. Continue reading…

Posted in: Business Tips, Finance, News, SEPA
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Multi Currency

Taking the Pain Out of Multi-Currency Transactions

More than ever, companies are sourcing materials and products from different countries in order to remain cost effective and competitive. With the correct functionality, you can reduce the stumbling blocks and manual processes when it comes to generating sales and purchase orders in different currencies. Multi-currency transactions can incur foreign exchange gains or losses. How [...]

Posted in: Business Solutions, Finance, SEPA
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Budget 2014

Budget 2014

Tracey Glacken from Glacken Accountants discusses the announcements in Budget 2014 in association with Sage. Budget 2014 has been and gone and what are we left with? For workers Budget 2014 will not affect their take home pay, however for the elderly and the under 25’s cuts to their allowances will have some impact on [...]

Posted in: Accountants, Business Tips, Finance, Small Businesses, Startups
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ixbrl

1st October, 2013 – iXBRL mandation commences

Pat Mulhall from Revenue’s iXBRL Business Team discusses the implications of the commencement of compulsory filing of iXBRL financial statements for Corporation Tax payers. This year, the 1st October is a red-letter day in the Corporation Tax calendar. Since November 2012, Corporation Tax filers have optionally been able to file iXBRL [1] financial statements. However, [...]

Posted in: Accountants, Finance
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e-Day

e-Day is here – Be prepared for business change with Sage

From September 19th 2014, all Central Government, local authorities and State agencies will no longer issue or accept cheque payments. If you are now in a position whereby, the payments to government and its agencies are currently made by cheque the implications are not only that this payment mechanic will be taken away but also the associated credit timelines that you had against these types of payments are also removed. Continue reading…

Posted in: Business Tips, Finance, News, Small Businesses, Startups, The Future
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