Minimum wage increase 1st January 2025
Minimum Wage to increase from 1 January 2025 Budget 2025 announced that, from 1 January 2025, the minimum wage for people aged 20 and over will increase by 80 cents to €13.50 per hour The new minimum hourly rates of pay are below. – Aged 20 and above €13.50 – Aged 19 €12.15 – Aged […]
Power Up grant of €4,000 available to businesses in the hospitality and retail sectors
Power Up grant of €4,000 available now As part of Budget 2025, the Government has announced a new €4,000 grant called Power Up, to assist businesses in hospitality, retail and beauty sectors. There are two categories of eligibility: – Businesses that received the second ICOB payment and still meet ICOB qualifications. – Retail and hospitality […]
BIK on Company Vehicles 2025
BIK on Motor Vehicles 2025 The Finance Bill 2024 included an extension to the temporary measures previously introduced which will be welcome to businesses. Electric Vehicles The €10,000 deduction from the original market value of company-provided cars and vans will continue to apply for 2025. This deduction applies to EVs, vans, and cars in the […]
How to get paid faster with better credit control tips
How to Master Credit Control (and Actually Get Paid Faster!) In today’s fast-paced business world, getting paid on time is half the battle—especially when cash flow is king. But fear not! Here are some sharp, straightforward tips to keep cash flowing in and your credit control tight, without turning you into a collection agency on […]
Increases to Employer and Employee PRSI rates from 1st October 2024
Increases to Employer and Employee PRSI rates from 1st October 2024 The recent announcement in Budget 2024 has introduced significant changes to the Pay-Related Social Insurance (PRSI) system in Ireland, set to take effect on 1 October 2024. These changes encompass adjustments to PRSI rates for both employees and employers across various classes, as well […]
Common Objections and Concerns When Outsourcing: A Q&A Guide for Business Owners
Common Objections and Concerns When Outsourcing: A Q&A Guide for Business Owners Below we examine in a Q&A format the steps to take when examining this option. We look at the questions business owners would have, when making the decision whether to outsource or not and also to whom should they select as an outsource […]
Increased Parent’s leave and Parent’s Benefit from 1st August 2024
Parent’s Leave and Parent’s Benefit extended from 1st August 2024 Starting today, 1st August 2024, Parent’s Leave and Parent’s Benefit are extended from seven weeks to nine weeks. These changes were announced in Budget 2024. Parents can now take nine weeks of leave if their child is under two years old, or if they adopted […]
Increased size limits for Irish companies signed from 1st July 2024
Increased Size Thresholds to benefit Irish SME’s with Audit & Reporting Requirements The EU has updated the size criteria for companies and groups, increasing the balance sheet and turnover limits by 25% to account for inflation. This will help more Irish companies qualify as “micro” or “small” and benefit from simpler reporting and audit exemptions, […]
CAT loans from close relatives – New Tax Filing Requirement from 2024
Close Relative Loans – How will this effect me? With effect from 1 January 2024 a new mandatory Capital Acquisitions Tax (CAT) reporting obligation is imposed on the recipients of certain loans from close relatives. This applies irrespective of whether any tax is due or not and is applicable to both new loans made from […]
Revenue Compliance Check or Audit
Revenue Complaince Checks or Audits – Steps to take Revenue Intervention Summary Lately, more businesses are getting random compliance check letters from Revenue. But what is a Revenue audit or compliance check, and how can you get ready for it? Why Me? There are three main reasons why you may have been chosen. 1. Random […]
