BIK on Commercial Vehicles – What You Need to Know
BIK on Commercial Vehicles – What You Need to Know For business owners and employees using company vehicles, understanding the rules around Benefit-in-Kind (BIK) on commercial vehicles is essential. With changes in tax regulations and increased Revenue scrutiny, it’s crucial to ensure compliance while managing costs effectively. What is Benefit-in-Kind (BIK)? BIK is a […]
Exciting News: We’ve Been Shortlisted for the Irish Accountancy Awards 2025!
Solve Outsource shortlisted for the prestigious Irish Accountancy Awards 2025 This recognition reflects our unwavering commitment to innovation and excellence in serving our clients. Exciting News: We’ve Been Shortlisted for the Irish Accountancy Awards 2025! We are thrilled to announce that our firm has been shortlisted for the prestigious Irish Accountancy Awards 2025 in two […]
Benefit in kind (BIK) on electric cars 2025
Benefit in kind (BIK) on an electric car provided by employer In Ireland, employers can offer electric vehicles (EVs) to employees with significant tax advantages through Benefit-in-Kind (BIK) exemptions and discounts. These incentives aim to promote the adoption of environmentally friendly transportation options. BIK one EV’s what the effects on employers and employees in 2025? […]
Subsistence rates increase from 29th January 2025
Effective January 29, 2025, Ireland has updated its subsistence rates for employees traveling for work. Effective January 29, 2025, the Irish government has implemented revised civil service subsistence rates, impacting both day and overnight allowances for employees undertaking official duties away from their normal place of work. These adjustments aim to better align reimbursement rates […]
2025 Minimum Wage Increase in Ireland – What It Means for Employers
2025 Minimum Wage Increase in Ireland – What It Means for Employers The Irish Government’s 2025 minimum wage increase is set to bring significant changes for employers across various industries. With the increase in wage costs, combined with rising PRSI contributions and statutory benefits, businesses must prepare for the financial and operational impact. What Is […]
Sick Pay in Ireland: Planned 2025 Increase Paused
Sick Pay in Ireland: Planned 2025 Increase Paused – What Employers Need to Know The planned increase in Statutory Sick Pay (SSP) for 2025 has been paused, giving businesses more time to adjust before further expansions to the scheme. This decision comes as a relief to many employers who have been navigating rising operational costs, […]
Enhanced Revenue Reporting (ERR) – Revenue starting compliance checks
Enhanced Revenue Reporting (ERR) – Revenue starting compliance checks From 2025, Irish businesses will face increased scrutiny under the Enhanced Revenue Reporting (ERR) system, with Revenue Commissioners ramping up compliance checks to ensure accurate and timely tax reporting. This move by Revenue is to improve tax transparency and reduce underreporting. What Is Enhanced Revenue Reporting […]
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 […]
