The Irish banking system makes currency transfers work in their favour. Firstly, there is a charge for transferring, then there is a currency conversion charge and, to top it off, you’ll receive a terrible exchange rate. The good news is TransferWise and TransferMate are changing the game.
About Rory Finegan
Rory Finegan is the Founding Partner of Beyond Accounting. Rory’s journey started over 20 years ago, working as a Chartered Accountant at KPMG. After four years helping clients in the media, banking, retail, manufacturing, and services, Rory took on a variety of leading roles in Irish and UK companies before founding his own accountancy practice in 2012. Rory’s real-world managerial expertise, and his experience working for one of the Big Four, means that he is ideally placed to understand the needs of his clients. Whatever business you’re in, Rory speaks your language!
Entries by Rory Finegan
At the moment, businesses in Ireland have three main options for banking – Bank of Ireland, AIB and Ulster bank. However, the emerging industry of fintech is bringing waves of change to how we do banking and with it come challenger banks entering the market.
Pensions are a bit of a holy grail when it comes to tax-efficient investments. Did you know that serious tax savings can be made for proprietary directors? What we’re about to share with you will be all the motivation you need to start making pension contributions as soon as possible.
Good news for bookkeepers! Beyond has been busy working with the development team at CBE to come up with a integration solution for PixelPoint and Xero. Let us tell you a bit about how this project came about and how you can get access to this integration solution.
Worried Brexit will damage your SME? The EU and the Irish government have released financial support in the form of loan schemes that you can apply for. This is a great opportunity to strengthen your position in the face of uncertain times and secure the finance you need to grow!
Most small to medium-sized companies will not have the budget to have their own internal accountancy function, especially if they are growth orientated. That’s why it often makes financial sense to outsource accounting. But what is involved in outsourced accounting? How is it different to employing the services of a bookkeeper?
Thinking about peer-to-peer lending in Ireland? Peer-to-peer lending, also known as crowdfunding, removes banks from the picture when you need to generate funds fast without any upfront costs! Let’s see what Flender, Spark Crowdfunding, Grid Finance, Linked Finance and Property bridges are up to…
Do you use time management software to keep track of billable hours and project profitability? If you’re pricing projects in an ad hoc fashion, with numbers roughly drawn from employees’ wages and an estimate of how long each project may take, you could be losing money.
Looking to better track your business expenses? With the Xero Expenses app, submitting an expense claim is as simple as snapping a picture and Xero’s intelligent analytical capabilities allow you to dig deep into your expenses and analyse spending patterns!
Up until recently, the ability for Irish SMEs to raise equity has been very limited. But Spark Crowdfunding is a new equity crowdfunding platform that is making exciting movements in this area. This will be of interest to anyone investigating the best way to raise money for their business.