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At John B Sheehy Chartered Accountants we believe that financial reporting should do far more than explain what happened last month. For growing SMEs, good financial reporting provides valuable insight into where the business is heading and highlights opportunities that might otherwise remain unnoti…

At John B Sheehy Chartered Accountants we believe that one of the clearest indicators of a financially healthy business is not simply its level of profit, but how effectively it manages its working capital. Many Irish SMEs devote significant attention to increasing turnover, winning new customers an…

At John B Sheehy Chartered Accountants we believe that one of the greatest financial challenges facing growing SMEs is not always a lack of sales, but the gradual loss of profit through small inefficiencies that often go unnoticed. As businesses expand, operations become more complex, teams become l…

At John B Sheehy Chartered Accountants we believe that one of the most common reasons businesses become less efficient over time is not a lack of effort or ambition, but a reluctance to invest in the systems that support growth. Many SME owners delay upgrading software, replacing outdated processes…

At John B Sheehy Chartered Accountants we believe that one of the greatest strengths any SME can develop is a healthy cash reserve. Many business owners naturally focus on increasing sales, improving profitability and expanding their customer base. While these are all important objectives, businesse…

At John B Sheehy Chartered Accountants we believe that successful businesses are built on informed planning rather than constant reaction. Every business faces unexpected challenges from time to time, but when reacting to problems becomes the normal way of operating, financial performance often begi…

Top 5 Things Revenue Looks for When Reviewing an Irish SME’s VAT Returns
At John B Sheehy Chartered Accountants we believe that VAT deserves far more respect than it typically receives. For many SME owners, the bi-monthly VAT return is a routine chore, completed quickly and forgotten just as fast. Y…

Preparing for Interest Rate Changes: How Irish SMEs Can Protect Their Borrowing Costs
At John B Sheehy Chartered Accountants we believe that interest rates deserve a permanent place on every SME owner’s agenda, not just a glance when the headlines turn dramatic. After a long period in which borrowin…

At John B Sheehy Chartered Accountants we believe that payroll is one of those business functions that only attracts attention when something goes wrong, and by then the cost of the problem usually far exceeds the cost of preventing it. Paying people accurately and on time is a fundamental obligatio…

We here at John B Sheehy Chartered Accountants believe that year-end accounts should be the calm conclusion of a well-organised year, not a stressful archaeology project. Yet for many SMEs, the annual accounts process involves weeks of hunting for missing invoices, explaining mystery transactions an…