MONEY SAVING TIPS FOR SMALL BUSINESSES

With all the challenges we are facing following the pandemic, Brexit, and the war in Ukraine, everything seems to be getting more expensive. How do you cope if you’re a small business with a limited budget? Here are a few ideas that might help. Look deeply at...

INFLATION EFFECTS ON SMALL BUSINESS

What is inflation? Inflation occurs if there is a broad increase in the prices of goods and services. It means that you can buy less for €1 today than you could yesterday. Why is inflation rising? Inflation has risen because when the economy reopened after the...

LIVING WAGE PROPOSED FOR ALL EMPLOYEES

The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, has proposed to introduce a living wage for all employees. The living wage will be 60% of the median wage in any given year, which in 2022 would be €12.17 per hour. The national minimum wage...

CRYPTOCURRENCY AND TAX

The tax treatment of cryptocurrency, crypto-assets, and NFTs is coming under increasing scrutiny from both Revenue and asset holders. Income vs corporation tax The most asked question about transactions involving crypto-assets is whether the transaction should be...

EXTENSION OF 9% VAT RATE FOR TOURISM AND HOSPITALITY SECTORS

The Minister for Finance, Paschal Donohoe, has announced the extension of the 9 percent VAT rate for the tourism and hospitality industry for a further six months. The 9 percent VAT rate, which was due to end on 31 August 2022, will remain in place for these sectors...
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