Key things for business owners to remember when planning for 2023. Take your time to consider how these will impact you.

On 20 July 2022, the Sick Leave Act became law.

The entitlement to sick pay starts on 1 January 2023 and will be rolled out over four years, once the Act is commenced.

What Will the Statutory Sick Pay Scheme Look Like?

TBESS – Revenue has released it’s comprehensive guidelines on the operation of the scheme. The updated 88 page document provides details and examples to guide businesses on their eligibility. There is also details on the registration and claims process.

Inflation is the new buzz word that we are all hearing about and many are experiencing first hand when we buy fuel, get our electricity and gas bills and so on. What practical approaches can a business take to deal with this as we start to feel the winds of change in our faces.

So, let’s look at 5 Strategies to deal with these.

Summary of changes that apply from 1st January 2023

News has emerged that the revenue has announced a 12 month extension to the Debt Warehousing Scheme. They said that this is to support businesses due to what they call “the current challenging economic situation for businesses”.

The business world is emerging from the worst of the COVID-19 pandemic. With inflation running at 8.5%, we now face sizeable economic challenges. We have all seen the huge increases in the cost of energy which is leading to a cost of living crisis.