FRS 102

The new Financial Reporting Standard applicable in the Republic of Ireland and the UK from 1 January 2015 The Financial Reporting Council (FRC) in the UK published a new accounting standard in March 2013 (amended August 2014) known as FRS 102. This accounting standard will replace a raft of previous standards known as Generally Accepted […]

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Modern Business Way: Outsourcing Your Payroll

Companies in Ireland look to save time and money and effectively manage their flow of operations that ensure them proper business continuity. One of the key practices undertaken by modern businesses is outsourcing their payroll to expert accountancy firms. Payroll outsourcing is commonly described as the practice of contracting third-party accountancy firms to handle all […]

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5 Things You Should Know About iXBRL

There is a growing need to find the appropriate instruments for flawless and quality financial reporting which can improve transparency among financial data users and easier decision-making processes within the financial departments. Managers, investors, analysts and financial institutions make decisions based on the financial statements making the reliability and accuracy of these financial statements a […]

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5 Benefits Of Back-Office Accounting Outsourcing

Every business owner wants to ensure that all operations are running smoothly, including the finance and accounts operations, but in most cases there is seldom time for overseeing the accounting department.  Trying to handle day-to-day accounting operations can be time consuming if you keep it in house. Outsourcing your accounting processes can bring great benefits […]

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Audit Exemption

Audit exemption was introduced for Irish Companies initially by the Companies (Amendment) (No. 2) Act 1999 which was amended by Section 53 of the Companies (Auditing and Accounting) Act 2003 and most recently by Chapters 15 & 16 of the Companies Act 2014. Under the terms of the Act companies that meet specific criteria can […]

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Is Payroll Administration a headache? Outsourced Payroll Services is the answer!

1. ARE YOU UP TO DATE ON PAYROLL TAXATION REGULATIONS? Keeping up with payroll taxation regulations can be a massive headache for an organisation. Outsourcing your payroll services can save you time and effort as the provider is always up to date with the latest regulations and will make sure you are compliant. At Ormsby […]

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10 Ways To Make Sure Employers Pass The NERA Inspection

NERA is the National Employment Rights Authority body in Ireland and their objective is to make sure employees are paid regularly and are working fairly. Employers in Ireland must be compliant with the employment law and pass the NERA inspection process. Here are 10 ways to make sure you pass the NERA inspection. You must […]

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5 Benefits Of Back-Office Accounting Outsourcing

Every business owner wants to ensure that all operations are running smoothly, including the finance and accounts operations, but in most cases there is seldom time for overseeing the accounting department.  Trying to handle day-to-day accounting operations can be time consuming if you keep it in house. Outsourcing your accounting processes can bring great benefits […]

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