Archive for August 2026
The Financial Cost of Underpricing: Are You Charging Enough for Your Products or Services?
We here at Lombard believe that pricing is one of the most important financial decisions a business makes, yet it is often one of the least reviewed. Many businesses increase prices only when costs rise significantly, leaving years of small cost increases, additional work and changing market conditi…
Read MoreTop 5 Tax Planning Opportunities Irish SMEs Should Review Before the 2026 Year End
At Lombard we believe effective tax planning is about more than preparing for a tax bill. For Irish SMEs, reviewing the business’s tax position before the end of 2026 can help identify available reliefs, manage cash flow and ensure important decisions are made with the tax consequences properly unde…
Read MoreThe Hidden Cost of Underestimating the Financial Impact of Business Growth
We here at Lombard believe that growth is one of the most important goals for any ambitious SME, but growth does not automatically create financial strength. Increasing sales, taking on employees, opening new premises or entering new markets can all require significant investment before the addition…
Read MoreWhy Irish SMEs Should Review Their Tax Payment Schedule Before Year End
We here at Lombard believe that tax planning should be part of an SME’s wider financial planning rather than something left until a payment deadline arrives. For Irish businesses, reviewing upcoming tax liabilities before year end can provide greater clarity over cash flow, reduce the risk of unexpe…
Read MoreWhat Happens When Your Business Depends Too Heavily on One Customer or Revenue Stream?
At Lombard we believe that strong sales are only one part of building a financially resilient business. An SME can have an excellent relationship with a major customer or a highly successful product, but relying too heavily on one source of revenue can leave the business exposed when circumstances c…
Read MoreTop 5 Financial Checks to Make Before Signing a Major Customer Contract
We here at Lombard believe that winning a major customer can be an important milestone for an SME, but a large contract is not automatically a profitable one. Before signing, businesses should look beyond the headline value and understand the impact on margins, cash flow, working capital, resources…
Read MoreHow Rising Employment Costs Can Change the Profitability of an Irish SME
We here at Lombard believe that employment costs deserve much closer attention than simply looking at the salary paid to each employee. For Irish SMEs, the true cost of employment can include employer PRSI, pension contributions, benefits, recruitment, training, leave and other employment-related ex…
Read MoreThe Hidden Cost of Poor Credit Control: Protecting Your Business from Late Payments
At Lombard we believe that strong credit control is essential for maintaining a healthy and predictable business. Late payments can appear to be an ordinary part of trading, but when overdue invoices become a pattern, they can put pressure on cash flow, increase administrative costs and restrict an…
Read MoreThe Financial Case for Building a Business Emergency Fund in 2026
At Lombard we believe that financial resilience is an important part of running a successful business. An emergency fund can give an Irish SME greater flexibility when unexpected costs arise, customers pay late or trading conditions change. In 2026, where businesses continue to face changing costs,…
Read MoreWhy Irish SMEs Should Review Their VAT Position Before the Next Growth Phase
At Lombard we believe that VAT should be considered as part of a business’s growth strategy, rather than treated solely as a compliance obligation. As an Irish SME expands, changes in turnover, customers, products, suppliers and trading arrangements can all affect its VAT position. Reviewing this be…
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