We’re finding that our E Commerce business is taking hold in foreign markets. Are there extra tax implications for us with regard to foreign expansion?
Inevitably as your company expands you will need to be aware of the regulations of the countries you are operating in. In general a company resident in Ireland is liable for taxes in Ireland on its worldwide income. However this is based on the principle of Permanent Establishment (PE) and the assumption that a server for an e commerce company based in Irish is by definition Irish and taxed accordingly on that basis. However there are growing calls for a review of that assumption based on the movement of revenues worldwide solely for the purpose of tax avoidance (Google, Amazon & Apple being high profile examples in the news recently and all using Ireland as their European hubs).
We are a small community base E Commerce company. How can we grow our revenue base in a timely fashion?
At Avid Partners we work with a number of small scale E Commerce companies all at various stages of the growth cycle. E Commerce companies that are designed to fulfil a need in the local or national community are often ideas driven and get a great response from local audiences if they see a community and/or financial benefit to the website. The issue arises when it comes time to monetise the business and upscale to a financial model that is revenue generating and not completely dependent on the originators time and input.
The Future of E-Commerce?
The e-commerce industry is booming and is a force no company can afford to ignore. Jason Goldberg, founder and Chief Executive Officer, Fab, shares his expert knowledge on the booming industry and how your business can prosper.
Irelands E-Commerce Company of the Year 2013
Retail Excellence Ireland Awards 2013. Celebrating excellence in E Commerce and Online Development.
The Digital Hub – Irelands Micro Silicon Valley
With a vibrant cluster of over 70 innovative enterprises who are growing their businesses, exporting to new markets and creating jobs, The Digital Hub is a starting point for many indigenous e commerce businesses.
Stillorgan Cycles
We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
Im having difficuly raising finance for my business. What are my options?
Many businesses are still having difficulty raising money to grow their companies. When seeking finance be as diverse in your product categories' as you can so that lenders can see you're not exposed to a high risk investment category. Show clearly that you are in a position to repay any borrowings and demonstrate what the capital will be used for (new equipment, materials, marketing, premises, etc). The more detail you can include the clearer it will be for the lending's committees to judge your application favourably.
Are there many Governmental Construction Projects that our company could get involved with?
Yes. The vast majority of governmental construction and building work has to go through a formal tending process with the most suitable company selected as the preferred bidder. These contracts can be small and large in scale and bidders usually have to have a track record of work in the specific area and be of sound financial standing. You can keep track of such available work at www.etenders.gov.ie. There can be a lot of hoops to jump through but if the project is valuable to your organisation and you have the time to make a quality submission then apply. You may be the best fit for the job.
After many years of stagnation im finally in a position to start growing my business again. Where do i start?
Many industries undoubtedly took a battering during the downturn and many had to cut costs and staff just to survive. Now that the green shoots are starting to emerge and the sector will likely grow this year many of our clients have revert back to an expansion mentality with an emphasis on growing their business rather than cutting costs. The companies that have come through the tough times now see opportunities on the horizon with pent up demand and increasing disposable income . Also a reduction in competition will give existing operators a head start in the sector before the inevitable new entrants as the market picks up.
400 New Construction Jobs Announced
An example of new jobs being created in the construction sector by the expansion of successful indigenous companies. The construction sector is poised for growth in 2014 with new companies now getting ready for what could be an upcoming mini property boom in the coming years.
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"A breath of fresh air. Your firm demonstrated enormous commercial understanding in turning around negotiations with a potential target vendor. I admire your style and ability to drive the deal forward. Many thanks."
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"I would like to say I'm very happy with your service, especially the audit team, your staff are always friendly, helpful and a pleasure to deal with."
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"Your business approach to clients is very impressive. I have always found that when explaining the types of service on offer, it is always concise and straight forward. The level of trust that clients place in your company and its staff speaks volumes."
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"I would like to take this opportunity to say how much we are impressed with your company's professionalism, it has been a pleasure working with you all and we look forward to working with you in the future."
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"Avid Partners - Accountants & Business Advisors are an excellent firm of accountants, their quality ethos is outstanding."
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"I have dealt with Jamie O' Hanlon, of Avid Partners - Accountants & Business Advisors Chartered Certified Accountants, for a number of years as he is auditor to one of my clients. I have always found him to be professional and responsive in his approach."
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"Service is second to none; there is always someone at the end of the phone for any business advice. The staff are very easy to get along with, very approachable and know exactly what they are talking about"
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We at Fitzies Bar have worked with Avid Partners - Business & Financial Advisers for over five years. We find that the advice and support offered to us in addition to all of our book-keeping requirements to include payroll, VAT, etc. is invaluable and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
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Jamie and his staff are a pleasure to work with. They respond promptly to any queries we have and are critical to our financial planning and the future needs of our business. I would highly recommend them to anyone interested in accounting services.
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We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
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I met Avid Partners through a local business networking group. We had been using the same accountants for years and found that in these harsh economic times that we were not getting good enough value or service. We were very impressed by the company's professionalism and enthusiasm and genuine interest in helping us get the most out of our business. As a result we are now clients of Avid Partners and are thrilled with our decision.
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After meeting Avid Partners with a view to changing our accountants, we came away with a better deal financially and a feeling that we were in capable hands. We feel that Avid Partners has a personal interest in the welfare of our business. Avid Partners have given us great advice, help and support and respond to our day to day queries with speed and efficiency. We feel it was a great move for us to change to Avid Partners.