Business News
Library of Knowledge No. 44 The National Minimum Wage increased from 1 January 2021 this applies to most employees. It is the minimum hourly pay rate that must be paid. It applies to full-time, part-time, temporary and casual employees. However the following categories of employees are excluded: Employees who are close relatives of the employer,…
Library of Knowledge No. 43 A new Brexit Business Loan was announced on 23rd November 2020 today by the Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D., to help small business prepare for Britain’s exit from the single market and customs union at the end of this year. The introduction of the…
The Government has decided to extend two measures which were brought in to help businesses during the Covid-19 pandemic. The Covid-19 Credit Guarantee Scheme (CGS) will now stay open for new applications until the end of June. It had been due to close at the end of the year. The suspension of redundancy provisions relating […]
We like to save money in Ireland and much and all as we’ve generally disliked ‘lockdown’, and all that it has meant in terms of an erosion of our personal freedoms, it has enabled many people to put even more money aside. According to the Central Bank, deposits in banks and credit unions soared this year, […]
A new loan scheme to help small businesses to prepare for Brexit has been launched through Microfinance Ireland. Loans for between €5,000 and €25,000 will be available to companies whose turnover has dropped or is likely to drop by 15% or more because of the UK’s departure from the EU. Firms with a short term […]
Nearly 500 businesses and trade associations involved in the tourism, hospitality and events industries have signed an open letter to Taoiseach Micheál Martin calling for the sector to be allowed reopen or reopen to a greater extent than currently from December. The signatories say they recognise that although it will not be business as usual this […]
Library of Knowledge No. 42 Local Enterprise Offices are running ‘Prepare Your Business for Customs’ workshops throughout the year and they’re open to ALL businesses, across ALL sectors and ALL industries. To find out what’s covered in the workshop, read the course outline here. These workshops are fully funded by the Department of Business, Enterprise…
The Covid-19 pandemic has not led to an increase in company insolvencies, according to new research from the Central Bank. A report published today by the Central Bank suggests this is down to Government supports, loan payment breaks and forbearance from creditors. The report also finds there was a sharp reduction of 36% in the […]
A total of €8.24m in grants has been announced for 95 Enterprise Centres around the country under Enterprise Ireland’s Enterprise Centres Fund. Enterprise Centres are embedded in communities in every county in the country and provide space and training for entrepreneurs. This allows them to work remotely, access training and advice and network with other […]
Businesses and other organisations here that use a UK based payment service provider to process direct debits are being urged to check they are ready for important changes that will apply after January 1. According to the Banking and Payments Federation Ireland (BPFI), if they want to ensure smooth and uninterrupted continuation of the […]