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Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace
Cork
Ireland

T: +353 (0)21 4310266
E: pm@parfreymurphy.ie
E-Newsletter
October 2016
Our aim is to help businesses grow, to increase their profitability, improve their  cash  flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on   021 4310266  or email us at  pm@parfreymurphy.ie  if you wish to do business with us
TAX DEADLINE DAY LOOMING!!
By Seamus Parfrey


The pressure's on for everyone under self-assessment with the tax return filing and payment deadline at the end of this month.
What does this mean for you?
  • Your tax return must be filed by October 31st
  • Any balance of tax due for 2015 must be paid by             October 31st
  • Preliminary tax for 2016 must be paid by October 31st
4 TRIED AND TESTED WAYS TO ENSURE YOU GET YOUR PRICING RIGHT
By Noel Murphy

There's no doubt that applying the right pricing to your business can help you make more profit.

In fact, McKinsey, the global consulting firm, suggest that pricing has a bigger impact on a company's profit than anything else.

How can you make sure you're making the right pricing decisions that make you the most profit? Read on to gain insight into pricing anchors and then 4 tried and tested ways for you to successfully apply them to your business.

3 STRATEGIES TO GIVE YOU A COMPETITIVE EDGE
Seamus Parfrey
By Seamus Parfrey
 
In a recent article we looked at Porter's Five Forces to show how you can analyse your competitive environment.

Of course once you've done the analysis you need to come up with a strategy that will help you get an advantage.

Porter identified three generic or basic strategies that a business could choose between.
  1. Cost leadership
  2. Differentiation
  3. Focus
USING GUARANTEES WINS SALES
By Seamus Parfrey

A concern that most of your prospective buyers will have is: What if this isn't right for me? What if I change my mind? What if I don't like it or I don't want it?

If you can eliminate this concern and reassure your buyer you're more likely to be able to convert the sale.


TAX DEADLINES & REMINDERS
By Aoife Ní Dhubhghaill

Deadline - 1 November 2016
LPT
  • Liability (Ownership) Date for 2017

Deadline - 14 November 2016
PAYE/PRSI
  • P30 monthly return and payment for October 2016

Deadline - 14 November 2016
DWT
  • Return and payment for October 2016  

Deadline - 23 November 2016
RCT
  • Return and payment for October 2016                                                  
Deadline - 1 - 21 November 2016
Corporation Tax
  • Preliminary Tax for accounting periods ending between 1-31 December 2016
  • First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 May 2017
  • Returns for accounting periods ending between 1 - 29 February2016
  • Pay balance of tax due on accounting periods ending between 1 - 29 February 2016
  • Returns of third party information for accounting periods ending between 1 -29 February 2016

Where returns and payments for RCT, VAT, PAYE/PRSI and Corporation Tax are made electronically, the return and payment deadlines are the 23rd day of the month

Parfrey Murphy
+353 (0)21 4310266
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