1. The Department of Employment Affairs and Social Protection have introduced measures to provide income support to people affected by COVID-19 (Coronavirus). Illness Benefit for COVID-19 absences Short Time Work Support 2. Revenue: Issued key advice to businesses experiencing tax payment difficulties, and appreciates that such difficulties can cause worries for businesses in terms of […]
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VAT & Charities – Budget 2018
The budget of 2018 introduced a pilot scheme whereby charities from 1stJanuary 2018 can be paid once year in arrears i.e. 01/01/2019. Charities would be entitled to a refund of a portion of their VAT costs based on the level of non-public funding they receive. This is a limited benefit as quite a number of […]
Changes to Pensions i.e. (AMRF’S)
The Government have recently announced a proposal which will enable retired Pensioners have access to their funds in AMRF’s. Previously, pensioners had to wait until aged 75 yrs. to get access to the sum which could at a maximum be €63,500 e.g. pension for €200,000, lump sum €50K, the remaining €150,000 had to be split […]
Pensions & Investments
Stock market gains have been exceptional for the past 2-3 years. All Asset Classes are at an historic high. It is unlikely that this trend can continue. The bull market in bonds looks like coming to an end as QE “Quantitative Easing” ends; while this will be damaging to bond prices it could have even […]
Financing
FINANCING While banks and other lenders are providing increased levels of funding to SME’s and businesses, an often over looked source is the Strategic Banking Corporation of Ireland in short S.B.C.I., and subject to approval would provide funding for:- Investment and Working Capital Loans. Re-financing of existing banks. Agricultural Investment loans Leasing and Hire-purchase Invoice […]
Business Environment
World Growth World growth should come in at between 3% – 4% for 2018. The U.S., the world’s largest economy will outperform most regions. In the last two quarters it has grown at 3%, and, with full employment can make a significant improvement to world growth. Asia is also increasing with the China worries subsiding […]
Preparation for Brexit
National Competitiveness Council warns more must be done to prepare for Brexit. Article source: RTE News, Wednesday, 12 Apr 2017 The National Competitiveness Council has said that the country’s uppermost personal tax rate is high in comparison to the UK. In a report on how the Republic of Ireland is prepared for Brexit, the council […]
Interest Rates
In the USA there is a high probability that interest rates will increase by ¼% in three increases in 2017. This will set the tone to the rest of the world so now may be a good time to consider fixing for those who are highly borrowed. Europe will be slower to move as the […]
Working Capital for Farmers
The banks know the income and cashflow challenges that farmers like you may be facing as a result of current price volatility as well as the impact of Britain’s decision to exit from the EU. That’s why banks are partnering with the Strategic Banking Corporation of Ireland (SBCI) to provide practical help and support to […]
Companies Act 2014 Conversion
COMPANIES ACT 2014 CONVERSION The Companies Act 2014 was introduced on 1st June 2015 and it replaces the Companies Acts 1963-2013. This new act introduced a conversion process which requires all companies to convert into new company types e.g. LTD ( Private company limited by shares), DAC (Designated Activity Company limited by shares), CLG (Company […]