Practice News

The gig economy has revolutionised the way we work, offering freelancers and contractors unparalleled flexibility and opportunities. However, this independence comes with its own set of financial challenges. At Carmody Kelly Co we know that to succeed in this dynamic landscape, it’s crucial to…

The rise of digitalisation has transformed the way businesses manage their finances, and with it, the auditing process. A digital audit focuses on examining financial records stored in digital formats, including software, cloud systems, and automated processes. This article from Carmody Kelly Co sho…

When assessing the health of a business, it’s tempting to focus solely on revenue and profit. While these figures are important, at Carmody Kelly Co we know they don’t paint the full picture. Financial Key Performance Indicators (KPIs) allow businesses to evaluate performance more holist…

In a world of economic volatility, supply chain disruptions, and unforeseen global events, financial stability is a challenge for businesses of all sizes. For SMEs and larger firms alike, a well-prepared financial contingency plan is not just a safeguard—it’s a necessity. This article fr…

As Irish SMEs increasingly engage in international trade, managing currency risks has become a crucial aspect of maintaining profitability. Fluctuations in exchange rates can erode margins, disrupt cash flow, and create uncertainty for businesses reliant on cross-border transactions. This article fr…

As businesses face increasing pressure to reduce their environmental impact, embracing green initiatives is not only good for the planet but also for profitability. At Carmody Kelly Co, we know that sustainable tax practices offer a unique opportunity for businesses to align their environmental goal…

In an unpredictable world, businesses face constant challenges that can disrupt operations, alter markets, or upend growth plans. At Carmody Kelly Co, we know that scenario planning is a vital strategy that helps business owners prepare for the unexpected, enabling them to adapt swiftly and maintain…

Growing from a start-up to a scale-up is an exciting yet challenging journey, requiring a shift in financial strategy to support sustained expansion. Unlike start-ups, which are often focused on survival, scale-ups aim for stable growth, market presence, and increased profitability. This article fro…

For business owners, financial wellness goes beyond simple profitability. It’s about creating a stable and sustainable financial life that supports both personal well-being and professional growth. Achieving financial wellness means building a resilient financial foundation that allows busines…

In an era where environmental and social responsibility is increasingly valued, sustainable financial practices have become essential for modern businesses. Sustainable finance goes beyond profits, incorporating strategies that ensure long-term success while supporting social and environmental well-…