What Budget 2023 means for farmers

Accelerated Capital Allowances for Slurry Storage Systems, increase in Earned Income Credit and more from Irish Exeminer, Kieran Coughlan… The breath of giveaways in the Budget makes it almost impossible to cover without being blinded with information. The double act of Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform Michael McGrath […]

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Farm Solar Panels: An interesting and informative article from Teagasc on Farm Solar Panels.

Barry Caslin, Teagasc Energy & Rural Development Specialist, answers all your questions about solar panels: where do you put them, what type do your get, can you get a grant, are they tax-deductible, do you need planning permission, how do you export to the grid?Soaring electricity bills and rising uncertainty over energy supplies have left […]

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COVID-19

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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