Coffey & Co.

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The agricultural sector is a very volatile industry. As a result, farmers usually don’t have the luxury of enjoying constant prices on farm products. It’s also difficult to price your output because of the market volatility. A good farm accounting software will let you see all the direct and indirect costs you put in production so you can price your output accordingly for better margins. It can also help you to find better deals on various production expenses. https://lnkd.in/gw56aNWi

Coffey & Co Accountants are here for you if your partnership needs help managing taxes and accountancy. We’ve got everything from tax planning bookkeeping services that can fit any budget or schedule. We know that each partnership is unique and has different needs, so our dedicated team will work with yours until we find an effective action plan. https://lnkd.in/egVnMxMk

Farmers are one of the most important parts of the economy, and the world will always depend on them. They carry the timeless responsibility of providing food for human and animal consumption. Yet, farming is one of the slowest sectors when it comes to leveraging technology to maximise productivity. If you are to run your farm as a business, you need to put technology at the forefront of your farm operations. https://lnkd.in/gw56aNWi

Accountants contribute significantly to business planning and analysis, providing data-driven insights that inform strategy. Whether it’s identifying growth opportunities, assessing financial viability, or performing risk assessments, accountants add value beyond mere number crunching. https://lnkd.in/e-JNRsdu

Success as a sole trader requires careful planning and adherence to specific steps. These include registering your business, keeping accurate accounting records, and understanding your tax obligations. https://lnkd.in/eDMVft9R

Small businesses need to consider several specific factors when dealing with VAT. These include the process of registration, calculating and paying VAT, as well as understanding the specific rates that apply to different types of goods and services. VAT registration is mandatory for businesses that exceed or are likely to exceed the prescribed annual turnover thresholds, which currently stand at €80,000 for the supply of goods and €40,000 for the supply of services. However, it’s important to note that these amounts are subject to change and businesses should refer to the latest figures from Revenue, the Irish Tax and Customs authority. https://lnkd.in/gsqndcyi

Here at Coffey & Co Accountants in Limerick, we understand that finding an accountant for businesses and individuals can be difficult. With our experience, we can help with all your accounting needs. Our approach will fit any size company and industry sector preference, from start-ups to small businesses to larger businesses. Find out how we can help your business today. https://lnkd.in/ergJe6vq

A Sole Trader operates a business individually and is considered Ireland’s simplest and most cost-effective business structure. Legally, there is no distinction between the individual and their business, meaning they bear full responsibility for all aspects of the business. Setting up as a Sole Trader often involves less paperwork and fewer setup costs, making it a potentially attractive option for those looking to enter self-employment with minimal barriers.

Your success is our priority. If you are about to start a new business or have one that’s just getting started, we want your input on how best to help with pre-launch planning and cash flow management so there won’t be any surprises later down the road; when it comes time launch day.