Archive for February 2026
Profit vs Cash Flow in 2026: What Irish SMEs Must Monitor Closely
We regularly meet business owners who are surprised to learn that a profitable company can still experience financial pressure. In 2026, understanding the difference between profit and cash flow is more important than ever for Irish SMEs navigating rising costs and competitive markets. Profit is what remains after expenses are deducted from revenue on your…
Read MoreThe Real Cost of Discounting: Protecting Margins in Competitive Markets
At Francis O Kennedy & Co we know in competitive markets, discounting can feel like the quickest way to win new customers or secure a sale. Price reductions often generate short term activity, boost turnover and help clear stock. However, many business owners underestimate the true cost of discounti…
Read MoreProfit vs Cash Flow in 2026: What Irish SMEs Must Monitor Closely
We here at Francis O Kennedy & Co regularly meet business owners who are surprised to learn that a profitable company can still experience financial pressure. In 2026, understanding the difference between profit and cash flow is more important than ever for Irish SMEs navigating rising costs…
Read MoreThe Real Cost of Discounting: Protecting Margins in Competitive Markets
At Francis O’Kennedy & Co Accountants we know in competitive markets, discounting can feel like the quickest way to win new customers or secure a sale. Price reductions often generate short term activity, boost turnover and help clear stock. However, many business owners underestimate the true cost of discounting and the long term impact it…
Read MorePayroll in 2026: Key PAYE and PRSI Updates for Employers
We believe that staying on top of payroll obligations is one of the most important responsibilities for Irish employers in 2026. PAYE Modernisation has firmly embedded real time reporting into everyday operations, and Revenue continues to place strong emphasis on accuracy and timely submissions. Even small errors can result in penalties, interest and unnecessary administrative…
Read MorePayroll in 2026: Key PAYE and PRSI Updates for Employers
We believe that staying on top of payroll obligations is one of the most important responsibilities for Irish employers in 2026. PAYE Modernisation has firmly embedded real time reporting into everyday operations, and Revenue continues to place strong emphasis on accuracy and timely submissi…
Read MoreHow to Prepare Your Business for a Revenue Compliance Check
At Francis O’Kennedy & Co Accountants we know revenue compliance check can feel daunting, particularly for SME owners who are already managing multiple responsibilities. However, preparation and organisation can significantly reduce stress and disruption. With Revenue increasingly using data analytics and real time reporting tools, businesses must ensure their records and processes are consistently accurate.…
Read MorePreparing for a Revenue Audit: What Irish Businesses Should Have Ready
We understand that the words Revenue audit can cause concern for any business owner. However, an audit does not have to be disruptive if your records are organised and your processes are robust. In 2026, with Revenue continuing to enhance data analysis and digital oversight, preparation is more important than ever. The first priority is…
Read MoreRevenue Compliance in 2026: A Checklist for SME Directors
We understand that Revenue compliance remains a critical responsibility for SME directors in 2026. With Revenue continuing to enhance data analytics and real time reporting systems, businesses must ensure that their tax affairs are accurate, timely and well documented. A structured compliance checklist can help directors reduce risk and maintain confidence. First, confirm that all…
Read MorePreparing for a Revenue Audit: What Irish Businesses Should Have Ready
We understand that the words Revenue audit can cause concern for any business owner. However, an audit does not have to be disruptive if your records are organised and your processes are robust. In 2026, with Revenue continuing to enhance data analysis and digital oversight, preparation is m…
Read More