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Practice News

The Next Generation CFO: Why Every SME Needs Strategic Financial Leadership

At Local Solicitor we know in today’s fast-changing business landscape, the role of the Chief Financial Officer (CFO) has evolved far beyond traditional number-crunching. Once focused mainly on ...

Profitability vs. Growth: Finding the Right Balance for Sustainable Success

At Local Solicitor we know every business faces the challenge of balancing growth with profitability. Expanding your customer base, launching new products, or entering new markets can be ...

Financial Stress Testing: Preparing Your Business for the Unexpected

At Local Solicitor we know running a business always involves a degree of uncertainty. Market changes, sudden shifts in customer demand, rising costs or unforeseen global events can ...

Budgeting with Purpose: How to Align Financial Plans with Business Goals

At Local Solicitor we know for many business owners, creating a budget feels like an annual task driven by necessity rather than strategy. Yet a budget is far ...

The Cash Flow Trap: Common Mistakes SMEs Make and How to Avoid Them

At Local Solicitor we know cash flow is the lifeblood of every business. Yet many small and medium enterprises (SMEs) underestimate how quickly it can become a problem. ...

Smart Borrowing: How to Choose the Right Finance Options for Your Business

At Local Solicitor we know at some stage, most businesses need external finance to achieve their goals. Whether it is funding growth, covering seasonal gaps or investing in ...

The Hidden Cost of Poor Record-Keeping and How you can Fix It

At Local Solicitor we know good record-keeping may not be the most glamorous part of running a business, but it is one of the most important. Accurate and ...

Working Capital Explained: Keeping Your Business Running Smoothly

At Local Solicitor we know working capital is a term every business owner should understand. Put simply, it represents the difference between your current assets and your current ...

Directors’ Pay Planning: Salary, Dividends and Pensions Explained

At Local Solicitor we know for many company directors, deciding how to structure pay is not straightforward. Unlike employees who receive a fixed salary, directors often have the ...

VAT Compliance for SMEs: Avoiding Common Errors

At Local Solicitor we know for small and medium enterprises, VAT is one of the most common areas of tax compliance. It is also one of the easiest ...

Pricing in an Inflationary Market: How to Update Rates and Retain Customers

At Local Solicitor we know rising costs have become a reality for almost every business. From raw materials and energy to wages and logistics, inflation puts pressure on ...

Revenue Audits in Ireland: A Business Owner’s Checklist

At Local Solicitor we know a Revenue audit is one of the more daunting experiences for Irish business owners. It can feel like a test of everything from ...