Budget changes to impact on future “part-time” and “hobby” farmers

Finance Act 2015 to introduce significant changes to agricultural sector

Revenues at Origin Enterprises were hit by lower global fertiliser and feed prices.(Photograph: Sandra Mu/Getty Images)

By and large the recent budget brought welcome news for the farming and agri-food sector however, some changes which are due to be introduced on 1 January 2015 will introduce a number of new hurdles for part-time farmers to overcome in order to qualify for a very important existing relief from Gift/Inheritance Tax on receiving the family farm. Continue reading

Managing Credit for SME’s

One thing has always struck me that while small and owner managed businesses talk a lot about credit. They complain about the lack of credit, they moan about cash flow and not getting paid on time, they give out about people and companies who won’t pay their bills, they really don’t do anything about it.

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‘Accidental landlords’ are now bewildered by taxation and red tape

More than one third of Ireland’s landlords are so called ‘accidental landlords’ according to a new study by the ­Private Residential Tenancy Board (PRTB).

The accidental landlords include those who bought ­property during the boom in which to live but found ­themselves unable to meet mortgage commitments.

Many moved back home to mum and dad while others went abroad to find work. Continue reading

Increased Innovation Helping Future Proof Irish Business

Irish Companies Look To The Future

  • 81% of respondents believe that Irish companies are more innovative since the onset of the recession
  • Nearly nine out of ten firms (87%) surveyed believe that Irish companies are either more innovative or just as innovative as other countries
  • Over three quarters (76%) of Irish firms are currently innovating
  • Nearly two in five (39%) surveyed are dissatisfied with the government’s efforts to help nurture innovation in Irish firms Continue reading

Five Major Mistakes to Avoid for Business Success

The Central Bank said the agriculture sector continued to constitute the largest share of new SME lending during the second quarter at €141 million, followed by wholesale/retail trade and repairs at €78 million

 

This year will bring changes, opportunities and dangers for your business. Industries are collapsing, careers are converging, and work is migrating or disappearing altogether. Each of us must orient ourselves in a world of constant disorientation, and find new ways to create value and provide service to others. Make the right choices and this year will be your best year yet. Make these 5 mistakes and things will be more difficult for your business and your life. Continue reading

Growth in construction new business increases

Demand for subcontractors, in particular, rose sharply

Overall, activity in the sector rose to 62.6 in July from 59.9 in June. Photograph: Chris Ratcliffe/BloombergOverall, activity in the sector rose to 62.6 in July from 59.9 in June
Growth in new business in the construction sector increased at the fastest level in almost a decade in July, with activity in the housing sector accelerating at the fastest rate in the 15-year history of the Ulster Bank Construction Purchasing Managers’ Index. Continue reading

New EU Financial Instruments Will Help Irish Companies Access Finance

Ireland CEO Julie Sinnamon has welcomed the launch of a new generation of EU financial instruments and advisory services to help innovative firms access finance more easily.

The agreement with the European Investment Bank Group was signed by European Research, Innovation and Science Commissioner Máire Geoghegan-Quinn, on behalf of the EU in Greece on the 12th June 2014. Continue reading

Could Ireland face an EU Action on Tax Rulings?

Readers may be aware of media coverage, which suggests that the European Competition Commission may move next week to take action against Ireland in relation to Ireland’s tax ruling practice.

In recent months, Ireland’s tax ruling regime has been under review by the European Competition Commission in tandem with its review of the tax ruling systems in Luxembourg and the Netherlands. These three countries are part of the first phase of a review, which has extended to the ruling practices of other Member States and may well extend to other countries in due course.  In Ireland’s case it is understood that this review has encompassed hundreds of rulings given to taxpayers across a range of sectors over a number of years. Continue reading