Ukraine Enterprise Crisis Scheme extended to 2023 and 2024 Many Irish SMEs will welcome the changes announced on March 20th 2023 The Minister for Enterprise, Trade and Employment, Simon Coveney, has just announced some welcome changes to the €200 million Ukraine Enterprise Crisis Scheme. This scheme, consisting of two streams of funding, supports viable but …
Ukraine Enterprise Crisis Scheme extension update – Mar 2023 Read More »
Do you still have an KBC or Ulster Bank account open? Are any of your recurring transactions being paid by their cards or into these accounts? Switch to another bank account immediately or risk additional fees and difficulties with suppliers.
Payroll in Ireland 2023 – 4 need-to-know changes. When it comes to payroll compliance in Ireland in 2023 there’s four things employers need to be aware of, says Caroline Codd, Payroll Manager at Paul O’Donovan and Associates. Adjustments to the Irish Minimum Wage Requirements The National Minimum Wage (NMW) in Ireland has increased for all Irish …
What’s changed for Irish Payroll in 2023? SSP, BIK and more. Read More »
Company Cars create bigger BIK tax bills in 2023 Update, March 8th 2023: Temporary changes have just been announced to company vehicle BIK after complaints that reforms introduced on Jan 1st 2023 were leading to big increases in tax bills for employees. One key change is an introduced relief on €10,000 on the Original Market …
Big changes in 2023 for BIK on Irish company cars Read More »
How To Quickly and Easily Claim TBESS UPDATE: Since publishing this article in late January, several changes have been announced to the TBESS scheme, including its extension to the end of May 2023, the extension of applications deadlines, and the lowering of the qualifying threshold. There may be more changes on the way so …
Making the Temporary Business Energy Support Scheme (TBESS) work for you Read More »
2022 financial planning round-up and 2023 trends Our most popular posts this year, plus our holiday hours. Cashflow, CGT, sucession and remote working laws; here are some of our most popular posts from the last year. Cashflow management and 2023 trends with Paul O’Donovan Act now for tax-efficient exit: CGT reliefs and business succession Budget 2023 round-up – …
SME supports and schemes in 2023 “There is plenty of support out there if you know where to look. Make sure your accountant is aware of these and working with you to identify opportunities.” Paul O’Donovan in our recent blog on cashflow management. Most COVID schemes have now finished but, for Irish businesses looking for funding and support in …
Cashflow management – key in Q4 2022, monthly check-ins in 2023 Whatever 2023 holds, there’s no doubt that cashflow management will be vitally important for businesses, says Paul O’ Donovan. “I think it’s going to be a tough first few quarters for most – especially the first one after Christmas. Make sure your business is …
Cashflow is king: setting up for success in 2023 Read More »
Registration opened on Nov 26th 2022 for the Temporary Business Energy Support Scheme (TBESS), which will assist Irish businesses with their energy costs during the winter months. The €1.2 billion scheme, which will be administered by Revenue, received approval from the European Commission yesterday. Businesses will be able to use the online system to submit …
Irish businesses – register to save 40% on winter energy costs with TBESS Read More »
Debt Warehousing timeline extended to May 2024, and 3% interest remains Businesses with warehoused debt were due to enter into an arrangement with Revenue by year end, or May 2023 in limited cases. Given the current economic uncertainty, Revenue say they are now extending that timeline to May 1, 2024. This means that businesses will not …
Revenue defer repayment of debt warehousing until May 2024 Read More »
