Blog Archives
€ 40m in new competitive regional jobs fund
The government has announced a new competitive regional jobs fund of €40m to encourage regions to come forward with job creation ideas. This fund aims to encourage “enterprise champions “to come back to government with innovative proposals to support job creation in their regions”. The proposal must involve collaboration…read more
Tax clearance Certificates – new procedures from Jan 2016
Electronic Tax Clearance (eTC) will be introduced from January 1st 2016. The 2 key changes are; processing of tax clearance applications and verification by third parties, is all in electronic format; and where a taxpayer is found to be non-compliant their tax clearance certificate can be withdrawn. All new…read more
€50m in new Funding for SMEs
The Strategic Banking Corporation of Ireland (SBCI) has launched its second phase of new funding for Irish SMEs with a €50 million equipment, machinery and vehicle finance programme through Finance Ireland – a specialist SME lender. The new phase is in addition to €400 million lower-cost, longer-term loan programme…read more
Finance Act 2015
Finance Act 2015 The Finance Act contains provisions to enact the measures announced on Budget Day and some additional provisions not announced on Budget Day : The Bill provides for an exemption for employees from USC on employer contributions to a PRSA, to bring the USC treatment of such contributions in…read more
Budget 2016
Budget 2016 – Key points Entry threshold to USC to rise from €12.012 to €13,000. The 1.5% rate reduced to 1% for first €12,012 of income, while 3.5% rate drops to 3% on increased threshold of €18,668. The top rate 7% reduced to 5.5% for income in excess of…read more
Top 5 Tips for Business Success
As Business owners we need to be “all things to all people”. The list is endless. We need to have skills in Finance, Marketing PR, Customer Service, Legal experts, Counsellors AND do all this with a smile. Attributes such as adaptability and versatility are the key skills business owners have…read more
Airbnb Rental Income
Income from renting out rooms in your homes on the popular website Airbnb is taxable. The company is to hand over details of their clients to the Revenue Commissioners, who will seek income tax payments dating back to May 2014. In an email to thousands of customers, Airbnb said they…read more
Companies Act 2014
The Companies Act 2014 has replaced all existing Company law statutes and overall is expected to simplify Company law in Ireland. New Company Types The Act provides for the following formats of registered company: Private Limited Company (‘LTD’) Designated Activity Company (‘DAC’) Company Limited by Guarantee (‘CLG’) Unlimited Company…read more
JobsPlus – An incentive for taking on a new employee
If you are thinking of taking on a new employee you may be entitled to up to €10,000 payment from the Department of Social Welfare JobsPlus Incentive is an employer incentive which encourages and rewards employers who offer employment opportunities to the long term unemployed. This Incentive replaces the Revenue Job…read more
Start up relief for Entrepreneurs (SURE)
If you are starting a new Business, you may be entitled to an income tax refund of up to 41% of the capital that you invest under SURE. Depending on the size of your investment you may be entitled to a refund of income tax paid over the 6 years…read more
