VAT, PAYE, corporation tax, preliminary tax and other liabilities can build up while the business is focused on sales, customers, wages, suppliers and day-to-day demands. If those liabilities are not tracked carefully, the money sitting in the business bank account can appear more available than it really is.

The Government has introduced a series of phased PRSI increases under the Social Welfare (Miscellaneous Provisions) Act 2024, affecting employees, employers and self-employed individuals from 2025 onwards. These changes are designed to support the long-term sustainability of the State Pension and will impact payroll, employer cost planning and self-assessment calculations over the coming years.