Introduction If you have been unemployed for at least 12 months and set up a qualifying business, the Start Your Own Business scheme provides an exemption from income tax up to a maximum of €40,000 per annum for a period of 2 years. Start Your Own Business Relief only applies to income tax payable on …
Timely succession planning is vital to ensure the family business passes on to the next generation with a minimum of disruption and cost. In addition to the change of management, transfer of ownership can also disrupt a business by triggering significant tax liabilities and financing costs. Dermot McCrystal & Co can assist in the smooth …
Q: I have an early-stage food business and I am looking for an investor as I need to fund additional equipment etc? Can you direct me? A: This is a classic case of the chicken and the egg. In many cases, investors won’t invest in an early-stage business as they will need to see proof …
Food for thought when raising funding for new equipment Read More »
Rich vs. Famous – Have you set a goal for your company this year? If you’re like most business owners, you’re striving for an increase in your annual sales. It’s natural to want your company to be bigger because that’s what everyone around us seems to celebrate. Magazines profile the fastest growing companies, industry associations …
The 5Cs of bank lending criteria Banks look carefully at SME companies before they lend money, especially in more challenging funding environments like the present one. The traditional approach for assessing loan applications was based off five primary factors – the “Five Cs”. These are: Character Capital Capacity Collateral Conditions The “Five Cs” gave bankers …
Warning! Changes & Challenges Ahead for Payroll There are many changes happening now and in the next 2 years 2018 and 2019 that all Employers need to familiarise themselves with in relation to the processing of payroll and dealing with employee information. We advise that you read the following so that you can be prepared …
