Business News
Library of Knowledge No. 78 To qualify for a full UK state pension, you must have paid National Insurance Contributions (NICs) for at least 35 years. You could qualify for a partial UK state pension, if you paid National Insurance Contribution for less than 35 years but more than 10 years. If you have gaps…
Library of Knowledge No. 77 Increased Cost of Business Grant Important: Closing Date 1st May 2024. Don’t miss out on this once off grant payment due to eligible businesses. The submissions opened this week, and the closing date is 1st May 2024. The grant is based on the value of the Commercial…
Library of Knowledge No. 76 Changes have been introduced to the State Pension (Contributory) and from January 2024 individuals reaching the age of 66 are now required to make a decision: By deferring a higher pension will be paid through additional contributions or an increase in the maximum pension receivable. There is also improved access…
Library of Knowledge No. 75 Today is a day to celebrate every Irish woman, at home or in business. Acknowledge and celebrate our strength, resilience and success! There are many associations in Ireland that support women in business, below see our top six: Women Mean Business: https://www.womenmeanbusiness.com/ Enterprise Ireland, Women in Business: https://www.enterprise-ireland.com/en/supports/women-in-business Network Ireland:…
Library of Knowledge No. 74 A welcome tax credit has been introduced on Mortgage Interest (where the interest increased from 2022 to 2023) and is available for taxpayers where: The amount qualifying for relief is capped at € 6,250 at the rate of 20%, based on the interest increase between 2022 + 2023. Important Note:…
Library of Knowledge No. 73 On 5th February 2024 Revenue announced some good news for business’ still working their way through the impact of COVID. The COVID debt warehouse scheme allowed business’ to pause payments of Revenue liabilities for VAT, PAYE, Income Tax, TWSS and EWSS from 2020 through to 2021 (peak COVID period). Phase…
Library of Knowledge No. 72 In challenging times, strategy is more important than ever. A strategy consultant can provide your business with unbiased insights to help you adapt to change, unearth new opportunities and develop a competitive advantage. The Enterprise Ireland ‘Strategic Consultancy Grant’ can support the cost of hiring a strategic consultant to help…
Library of Knowledge No. 71 Switching energy providers annually can offer several benefits to your business, the most important from a financial aspect is the significant cost saving factor. It also enables your business to stay competitive in the marketplace. By reviewing your energy contract annually, you can take advantage of new tariffs or promotions…
Library of Knowledge No. 70 From 1st January 2024 workers will be entitled to up to 5 days of sick leave in a calendar year, (increased from 3 days in 2023) paid at 70% of gross earning, up to a cap of €110. The employee must have 13 weeks continuous employment before being entitled to…
Library of Knowledge No. 69 Rent Tax Credit – claimable by tenants from 2022 to 2025. 2022 & 2023 Credit Claim € 500 for an individual € 1,000 for a couple who are jointly assessed for tax. 2024 – 2025 Credit Claim € 750 for an individual € 1,500 for a couple who are jointly…