Practice News
Smart Exit Planning: How to Maximise Value When Selling Your Business
Selling a business is one of the most significant financial decisions an owner will ever make. Whether you’re planning to retire, move on to a new venture, or simply cash in on years of hard work, a strategic exit plan is essential to maximise the value of your business. At Lombard Accountants , we believe…
Read MoreUnderstanding Director’s Loans: Financial Risks and Tax Implications
Director’s loans can be a useful tool for managing short-term cash flow between a company and its directors — but they’re not without risks. At Lombard Accountants , we believe that misunderstanding how these loans work can lead to unexpected tax liabilities, compliance issues, and even personal financial exposure. If you’re a company director, it’s…
Read MoreMinding the Gap: Financial Planning Between Funding Rounds
Securing investment is often a milestone moment for growing businesses. At Lombard Accountants we always suggest considering what happens in the space between funding rounds — when the runway starts to shorten, and uncertainty begins to creep in? This period, often underestimated, is where robust financial planning becomes not only essential but strategic. Cash Flow…
Read MoreThe Financial Case for Going Green: Sustainability Strategies that Save Money
For many business owners, sustainability has long been seen as a ‘nice-to-have’ — a gesture of goodwill rather than a financial imperative. But today, going green isn’t just good for the planet; it’s a smart move for your bottom line. At Lombard Accountants we know that sustainable practices can lead to significant cost savings, operational…
Read MoreGetting Paid on Time: How to Set Up Credit Policies That Actually Work
Late payments are more than a nuisance — they can seriously disrupt your cash flow, limit growth, and cause unnecessary stress. For small businesses especially, maintaining a healthy balance between offering credit and getting paid on time is crucial. At Lombard Accountants we believe that one of the most effective ways to take control is…
Read MoreThe Accountant’s Role in a Business Sale: How Early Involvement Adds Value
Selling a business is one of the most significant financial transactions an owner will ever make — yet many wait too long to bring their accountant into the conversation. Whether you’re planning to sell next year or simply considering your options, at Lombard Accountants we believe that early involvement from your accountant can make a…
Read MoreR&D Tax Relief: A Missed Opportunity for Innovative Small Businesses?
Many small businesses in Ireland pride themselves on being innovative — developing new products, improving processes, or creating smarter ways to serve their customers. Yet despite this, at Lombard Accountants we believe a significant number are overlooking a powerful incentive designed to reward exactly that: Research & Development (R&D) Tax Relief. This government-backed scheme allows…
Read MoreManaging Financial Stress: A Guide for Business Owners During Busy Seasons
As any seasoned business owner knows, certain times of the year can bring a surge in both revenue and responsibility. Whether it’s tax season, year-end reporting, or your industry’s peak trading period, busy seasons often mean longer hours, tighter deadlines, and higher financial pressure. At Lombard Accountants , we know that financial stress isn’t just…
Read MoreGrants vs Loans: Choosing the Right Funding Path for Your Business Stage
Securing funding is a crucial step for many businesses — whether you’re launching a start-up, expanding your operations, or developing a new product. But when it comes to financing your next move, one key question arises: should you pursue a grant or apply for a loan? At Lombard Accountants we believe that both options have…
Read MoreCosting vs Pricing: Are You Charging Enough to Stay Profitable?
Many businesses focus heavily on what the market will bear when setting prices — but fail to fully account for their own costs. Over time, this disconnect between costing and pricing can quietly erode profit margins, even in seemingly successful businesses. At Lombard Accountants we believe that understanding the difference — and the relationship —…
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