30 January 2025
Payroll and HR newsletter - Issue 4
Welcome to our Q1 2025 payroll and HR newsletter, where we cover significant changes relevant to your business operations in the coming months.
Budgetary control
Critical financial analysis of the management reports is essential if real value is to be obtained from the financial information.
Setting budget targets and measuring performance is essential in maintaining control and informing strategic business decision making.
Performance measurement and analysis generally includes
- Analysis of trends.
- Comparison with budgets.
- Comparison with the previous period.
- Outturn projections - actual to date plus budget.
- Comparison with benchmark figures for the business sector.
- Examination of the working capital cycle.
- Review of rolling monthly budgets.
- Cash flow projections/cash management.
- Setting cash collection targets.
Forvis Mazars has the professional expertise available to help you in completing this essential management review and analysis.
Company size threshold changes
On June 21 2024, Peter Burke TD, Minister for Enterprise, Trade and Employment, signed new legislation to alleviate the administrative burden and disclosure requirements for businesses. By adjusting company size thresholds to account for 25% inflation, this legislation marks a significant shift in how businesses are categorised and managed.
Auto-enrolment pension scheme approved
Cabinet has approved the Automatic Enrolment Retirement Savings System Bill.
Contact
Hilary Larkin Partner, Head of Outsourcing - Dublin
Corporate secretarial compliance
Easing the compliance burden so you can focus on your core business activities
Statutory accounting & reporting
Experienced accountants providing integrated support to your accounting and finance team.
Financial reporting
An essential element of good financial management and decision making is the production of management reports which provide key analysis of the financial and operational performance of the business.
Outsourced accounting
Maintaining up to date accounting records can be a time consuming and costly exercise for any business, providing little apparent added value.
Interim financial resources
Each stage of the business life cycle presents a series of opportunities and challenges. Managing what you have, whilst at the same time reviewing, planning and implementing new opportunities is highly demanding and time consuming. This can lead to the neglect of the day to day tasks of administering a business.
Financial outsourcing & management reporting
Transform your finance function with tailored outsourcing solutions that enhance efficiency, improve reporting and support strategic decision-making.