Stay and spend scheme. Here’s what you need to know

What is the Stay and spend scheme? Put simply, the stay and spend scheme is a government initiative to help support the hospitality sector as they have been hit so hard during the current pandemic.  It is intended to encourage people to stay and spend in local hotels,...

Life after the Temporary Wage Subsidy Scheme

Temporary Wage Subsidy Scheme As we draw closer to the August 31st date we await potential changes to the Temporary Wage Subsidy Scheme. It was expected the Temporary Wage Subsidy Scheme would be replaced or at least undergo radical changes by the end of August. With...

Writing off Christmas Bonuses for your small business

Christmas Bonus Coming up to Christmas is usually a busy period for most businesses and the wish to reward your staff for a year of hard work can often result in arranging Christmas parties and planning to pay out Christmas bonuses. Thanks to the Small Business...

Motor expense Vs Mileage expenses

Knowing the difference between motor expenses and mileage expenses could result in thousands of euros in your pocket.   The majority of business owners are unaware of the difference between motor expenses and mileage expenses. It's an issue that affects thousands...

Revenue confirm VAT plans on food supplements

VAT on food supplements   This week the Minster for Finance set out plans to examine the policy for taxation of food supplements. The Revenue have confirmed that the VAT on food supplements will remain unchanged until November the 1st this year. Due to increasing...

New Year – New approach to your business

  Getting your 2018 Tax return done early. It might not be on the top of your list at this time of year but getting your income tax return done early in the year has a lot of benefits. Business owners are getting organised by submitting their documents for 2018...

Budget Hikes

  Next weeks budget looks set to raise several everyday items such as fuel, cigarettes and hotel vat rate. Budget day is set for October 9th and as it draws closer it seems Minster for finance Paschal Donohoe has set his sights at the aforementioned targets....