Business News

We here at Timothy OConnor believe that stock should be viewed as more than a balance sheet figure. For many Irish SMEs, holding sufficient inventory is essential for serving customers and maintaining smooth operations. However, carrying more stock than the business needs can quietly tie up cash, in…

We here at Timothy OConnor believe that hiring a new employee should be viewed as a financial decision as much as an operational one. Adding to your team can create capacity, improve customer service and support growth, but the true cost of employment extends well beyond the salary on the payslip. B…

At Timothy OConnor we believe that growth should be measured by more than increasing turnover. For an Irish SME, growing sales without understanding gross margin can create additional pressure on cash flow, staff and working capital. Before committing to further expansion, business owners should tak…

At Timothy OConnor 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 prope…

We here at Timothy OConnor 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…

We here at Timothy OConnor 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 o…

We here at Timothy OConnor 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, re…

We here at Timothy OConnor 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-re…

At Timothy OConnor 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…

At Timothy OConnor 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…