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South Dublin

Making It Happen

Know (then Grow) your Business Finances - 9th Feb, 16th Feb, 23rd Feb

Date:
09/02/2027
 
Note:
3 Full Days (3 Tuesdays- 9th Feb, 16th Feb, 23rd Feb)
 
Time:
9.30am to 4.30pm
 
Category:
Business Training
 

Know (then Grow) Your Business Finances is a practical programme designed to help business owners understand the key financial drivers of their business and use financial information to make better decisions for growth. Participants will learn how to interpret financial statements, manage cash flow, price products and services effectively, monitor profitability, and build a stronger financial foundation for sustainable business growth.

€10
 
 
This course is ideal for start-ups, early-stage entrepreneurs, sole traders, and small business owners who want to improve their financial confidence, gain greater control over their business performance, and make informed decisions as they grow. It is particularly suited to business owners who are not from a finance background but need practical financial management skills.

Topic 1:

Business set-up and structures

  • Business structures and entities – sole trader, partnership, limited company
  • Set-up and registration for each structure
  • Tax and CRO obligations for each structure
  • Income Tax Vs Corporation Tax
  • Limited liability
  • Pensions opportunities
  • Exit

Accounting best practice

  • The importance of setting up an effective/efficient bookkeeping system
  • Who needs an accountant?! What for? When needed?
  • Accounng terms – Assets, Liabilies, Income, Cost of Sales, Expenses
  • Allowable business expenses – what can you claim tax deducons on?
  • Mandatory Accounng records
  • VAT Registra on – when you must register and why
  • Employer Registration – when you must register and why

Topic 2: Accounting – ‘Doing The Books’

  • Doing ‘The Books’ – how to record your accounting transactions – Sales / Purchases / Banking / VAT etc
  • Bank reconciliations
  • Accounting for creditors/ debtors / loans
  • Computerised Accounting options
  • The Accounts / Financial Statements – Profit & Loss Account & Balance Sheet
  • Sole trader Vs Company accounts
  • How the accounts impact your tax bill
  • What are taxes based on??
  • Salary Vs Drawings

Topic 3: VAT

  • Registering for VAT – Why? When?
  • VAT Thresholds and Rates
  • The books and records that must be kept and for how long
  • VAT on EU transactions
  • VAT on UK transactions (post-Brexit)
  • VAT calculations
  • The VAT returns – VAT 3 and RTD
  • ROS Demo on submitting a VAT 3

Topic 4: Cash Flow Management

  • Profit Vs Cash flow
  • The importance of cash flow management
  • Effective ways to protect your cash flow
  • Grants & subsidies available
  • Cash flow forecasting

Debt Management Strategies

  • Managing existing debts
  • Strategies to avoid unnecessary debt and improve credit worthiness

Topic 5: Income Taxes & Corporation Tax

  • Tax Basis of Assessment – Single, Married, Separated
  • Income Tax / USC / PRSI rates
  • Tax Credits
  • Capital Allowances
  • Exempt Incomes
  • Preliminary Tax
  • A working example of a sole trader tax calculation
  • Important deadlines
  • Losses
  • Taxation of company profits and deadlines
 

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