Archive for July 2026

Top 5 Things Revenue Looks for When Reviewing an Irish SME’s VAT Returns
At Hughes & Co 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. Yet VAT is one of the are…

Preparing for Interest Rate Changes: How Irish SMEs Can Protect Their Borrowing Costs
At Hughes & Co 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 borrowing costs seemed to move i…

At Hughes & Co 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 obligation, yet it has become ste…

We here at Hughes & Co 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 and answering long lists o…

At Hughes & Co we believe that how a business funds its growth matters almost as much as the growth itself. Sooner or later, most ambitious SMEs reach a point where their plans exceed their cash: a larger premises, new equipment, additional staff, an acquisition or a push into new markets. At that m…

We here at Hughes & Co believe that one of the most important financial decisions facing any successful business owner is also one of the least discussed: what to do with the profit. Once a business begins generating surplus cash, every euro faces a choice. It can be extracted, rewarding the owner f…

At Hughes & Co we believe that one of the most overlooked sources of funding for Irish SMEs is not a bank, an investor or a new customer. It is the extensive network of grants and supports already available, waiting to be claimed. Every year, a significant number of Irish businesses leave money on t…

Here is the hiring article redone with all source references removed.
Hiring in 2026: The Full Financial Cost of a New Employee Beyond the Salary
At Hughes & Co we believe that hiring is one of the most important investments any SME will ever make, and like every investment, it deserves an honest ca…

The Hidden Tax Cost of Poor Record Keeping: Why Revenue Penalties Are Avoidable
We here at Hughes & Co believe that few business costs are as frustrating as the avoidable ones, and penalties for poor record keeping sit firmly in that category. Every euro paid to Revenue in fines, interest or settlem…

At Hughes & Co we believe that the weeks before year end are among the most valuable in the entire financial calendar. This is the moment when business owners still have time to act, rather than simply record what happened. Cash flow sits at the centre of that opportunity. A business can be profitab…