Business News
Library of Knowledge No. 3 Employers should note that the Employers PRSI threshold for class AX PAYE Earners has increased from 1st February 2020.Ensure to review your labour costs and if necessary rework/pass on your labour charges on products and services to maintain your margins. Reminder to also take into account the % increase from…
Library of Knowledge No. 2 The Strategic Banking Corporation of Ireland (SBCI) are managing EU supported funding for SME’s & Farmers. These funds are largely unsecured and interest rates are low, between 3.5% and 4.5%. There are 3 schemes, each of which has separate criteria: Future Growth Loan Scheme Brexit Loan Scheme SME Credit Guarantee…
Library of Knowledge No. 1 From 2019 P60’s are replaced by a Employment detail Summary available to all paye earners via their MyAccount. See Link https://www.revenue.ie/en/jobs-and-pensions/end-of-year-process/employment-detail-summary.aspx You may wish to forward this link to your employees.
The National Treasury Management Agency said it will hold one bond auction in the first quarter of the year on March 12. The NTMA covered around a third of its funding target for 2020 with a syndicated sale yesterday. It kicked off its funding drive by raising €4 billion via a new 15-year bond sale […]
The National Treasury Management Agency said it will hold one bond auction in the first quarter of the year on March 12. The NTMA covered around a third of its funding target for 2020 with a syndicated sale yesterday. It kicked off its funding drive by raising €4 billion via a new 15-year bond sale […]
The unemployment rate held steady at 4.8% in November to remain at the lowest level in almost 13 years, new figures from the Central Statistics Office show. The CSO said the seasonally adjusted number of people who were unemployed stood at 117,800 in November, up marginally from October. But when compared to November last […]
Revenue is cautioning consumers to be aware of hidden taxes and charges when they’re buying goods online in the run into Christmas and discount days such as Black Friday. They are reminding shoppers that while the cost of goods advertised online can appear attractively low, it may because tax and duty has not been included […]
Average weekly earnings were €740 in 2018, an increase of 3.4% on the previous year, according to new statistics released by the Central Statistics Office. However, those on higher than average salaries can skew the numbers and the CSO pointed out that 63% of workers earn less than the average while 37% earn above the […]
The UK economy grew at the slowest annual rate in nearly a decade in the three months to the end of September, as a global slowdown and Brexit worries hit business investment and manufacturing. Year-on-year gross domestic product growth slowed to 1% from 1.3% in the second quarter, Britain’s Office for National Statistics said. This […]
New rules to improve transparency on motor insurance pricing are coming into force. From today, the Central Bank rules will force insurance companies to provide more detail to customers when they are being sent motor insurance renewals. When a consumer receives their motor insurance renewal, their insurance company is obliged to inform them what the […]