Business News
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…
Accountancy firm EY has revised upwards its economic forecast for this year. EY’s latest Economic Eye report said it expects to see GDP growth of 3.4% for 2020. That is expected to moderate to 2.8% in 2021 and 2.7% in 2022. Professor Neil Gibson, Chief Economist for EY Ireland, said they revised the forecast following […]
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…
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 […]