The value of most assets has fallen dramatically in the last eighteen months – for most of us this is bad news, however, if you are considering transferring wealth to the next generation it is good news.
Passing assets on to the next generation either on death or by gift can trigger the following taxes: Capital [...]
Archive for the ‘You and Your Money’ Category
Falling Property Values – An Upside?
Monday, July 26th, 2010Efficient business in 5 steps
Wednesday, June 9th, 2010Learn From Your Customers:
It is important to know what customers think about your products/services and to ensure that you act proactively if the feedback is negative. Do not be afraid to ask! Feedback can be taken in a number of ways: by phone, face to face, by email or by post. Ask: Was the customer [...]
Cloud Computing Provides Business Solutions on the Ground
Wednesday, June 9th, 2010SMEs are getting a unique chance to grow and expand their business with cloud computing, an emerging computing technology using the internet and central remote servers to maintain data and applications.
Software as a Service (SaaS) is giving businesses the flexibility to pick and choose applications – from basic email to whole disk encryption – without [...]
Set your Sites on New Business Opportunities
Wednesday, June 9th, 2010Does your website exist just for the purpose of existing? Or is it a well-honed marketing and business tool? An online presence is an integral part of generating new business, and although most companies now have websites, they are not always generating the quantity of traffi c needed to grow the business.
Increasing your site profi [...]
Protect Your Wealth
Saturday, August 1st, 2009
In the last of our four-part series, Johnny McNamara looks at the danger of counter party risk and shows you how to minimise the external threat to your own personal economy.
In previous articles I have developed the concept of managing and controlling your own personal economy. The key to achieving this is to identify the areas of your finances that are in your control and to recognise the areas that are outside of your control. Where you identify an area that you have no control over, this becomes a risk to your personal economy and so, it is vital to minimise these risks every way you can.
Read more »Reacting to Redundancy in Ireland
Wednesday, July 1st, 2009
Control of your personal economy is vital in protecting against external threats such as redundancy and can also allow you to take advantage of the opportunities that may arise, writes Johnny McNamara.
The current downturn in the global economy has created an environment with an ever-increasing level of threats to all of us. These threats are often outside of your control and therefore, there is little or nothing that you can do to stop them affecting you. However, the degree to which these threats affect you can be limited by taking ownership over the factors that you can control.
Read more »The Domino Effect
Friday, June 26th, 2009
Johnny McNamara looks at how improving efficiencies in one area of your personal economy can have a dramatic knock-on effect in the other areas of your financial life.
The Celtic Tiger brought with it unprecedented access to credit facilities, which were gladly lapped up by the Irish public. However, the legacy of poor financial planning from this era is now plain to see.
During this boom, many people found themselves owning multiple rental properties without ever examining how these portfolios should be structured to maximise efficiencies in all areas including cash-flow, tax planning, wealth creation and wealth protection. Now that the economic conditions have changed so dramatically in tandem with a tightening of cash-flow, the lack of planning is having a direct impact on how people are managing their own personal economy and possibly limiting chances to generate future wealth.
Read more »NOW it’s Personal
Friday, May 1st, 2009
Your personal economy is in your hands, so know how to manage, plan and control it. By Johnny McNamara
From the risk of redundancy to the tightening of credit lines, there is no doubt that times are tough with many of us now facing our own ‘personal recession’. In the backdrop of this global economic downturn where we have all been affected in one way or another, how can you regain some element of control?
Many of the factors that are causing these problems are outside of our control and as such, we have little or no influence on them. However, there are factors in our financial lives that are firmly in our control and it is these factors that we must plan carefully to ensure that we not only survive the economic downturn, but that we are in a position to thrive when the turbulence thaws.
Read more »