Practice News
Library of Knowledge No. 8 and No. 9 After the announcement on Thursday morning by Taoiseach Leo Varadkar and the government it brings to reality the challenges that Ireland and the whole world faces in these unprecedented times. Many businesses are going to face numerous challenges to ensure cashflow and at times survival. Enterprise Ireland…
Read MoreLibrary of Knowledge No. 7 Businesses are under threat from the Covid-19 virus. For your business, it may become a threat to production/output, procurement of materials, profitability and ultimately cashflow. This immediately triggers alarm bells – please take proactive measures to protect our businesses by taking best advice and acting now. Employers: The Safety Health…
Read MoreLibrary of Knowledge No. 6 All business but especially those that are service based can benefit hugely by creating a “Great Place to Work.”. “Organisations who take this model seriously, and think about how they can authentically apply it to every interaction they have with their employees, have discovered just how transformative the process can…
Read MoreLibrary 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 MoreAccountancy 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 […]
Read MoreLibrary 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 MoreLibrary 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 MoreLibrary 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 MoreLibrary 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.
Read MoreThe 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 […]
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