Library of Knowledge
Local Enterprise Office (L.E.O) in Local Enterprise Week #MakingItHappen.
Library of Knowledge No. 5 Across the country SME’s will be promoting their businesses through their Local Enterprise Office (L.E.O) in Local Enterprise Week #MakingItHappen. To assist your business your local L.E.O will be hosting events to promote businesses in your area during week, Monday 2nd March 2020 to Friday 6th March 2020. You can also…
Read MoreNew Minimum Wage Rates from 1st February 2020.
Library of Knowledge No. 4 New minimum wage rates came into effect from 1st February 2020. These rates differ slightly from the 2019 rates and are purely age based and make no reference to the No. of years experience. See Links: https://www.gov.ie/en/publication/41a981-the-minimum-wage-in-ireland/ https://www.citizensinformation.ie/en/employment/employment_rights_and_conditions/pay_and_employment/pay_inc_min_wage.html Please check the following: That all employees are being paid their minimum…
Read MoreEmployers PRSI Increase for Class AX PAYE Earners.
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…
Read MoreSBCI – Funding for SME’s & Farmers.
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…
Read MoreP60’s Replaced by Employment Summary Detail.
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.
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