Mark O'Regan

Very interesting analysis from Chartered Accountants Ireland on the recent budget and it's lack of assistance for the SME sector. Budget 2025 includes substantial tax cuts and cost-of-living relief totaling €3.2 billion, aiming to attract individual voters ahead of upcoming elections. Taxpayers benefit from income tax cuts, credits, and energy subsidies, making many €1,000 better off. However, small businesses feel overlooked, receiving only minimal aid while facing increased labor costs, including a rise in minimum wage and pension costs. Despite expectations, no direct measures were introduced to reduce employers' PRSI to relieve these burdens, with critics noting that targeting voters took precedence over structural business support. This budget’s focus on personal giveaways may stimulate short-term consumer support but misses an opportunity for balanced economic sustainability, leaving SMEs with mounting cost pressures. Do you agree with this analysis? #Budget2025 #TaxRelief #SupportSMEs To read the full article click on the link below https://lnkd.in/eYH_rz9z

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In yesterday’s Sunday Business Post, Colm Power, CFA, Director of Financial Planning at Davy, discusses how the series of changes to pension structures passed in the 2024 Finance Act will create new challenges for business owners. Master trusts are emerging as an important alternative as they allow for irregular, larger contributions, accommodating the variable cashflows that business owners often experience. To find out more about how Davy can work with you to develop a plan aligned with your retirement ambition, visit https://lnkd.in/euxWjGxF #MasterTrust #Pensions #RetirementPlanning #FinanceAct2024

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The Treasury Hub's Q2 2024 Review Report is now available. This report delves into the key aspects of the second quarter, such as inflation, ECB rate cuts, and currency movements. Be sure to check out the full analysis from the Treasury Hub here: https://lnkd.in/eUTfv956   #TreasuryReport #Q22024 #TogehterweareAzets

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The Treasury Hub's Q2 2024 Review Report is now available. This report delves into the key aspects of the second quarter, such as inflation, ECB rate cuts, and currency movements. Be sure to check out the full analysis from the Treasury Hub here: https://lnkd.in/eUTfv956   #TreasuryReport #Q22024 #TogehterweareAzets

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The Rules for Pensions 2024 👉 Significant changes 👉 Irish Directors can invest up to €2 500 000 👉 Reduce your Corporation tax bill 👉 Invest in your future https://lnkd.in/gRwgKT4C #aroundfinance #pensions #PRSAs #LimitedCompany #Directors

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Ahead of the next general election, Chartered Accountants Ireland is campaigning to ensure the next Government recognises and supports the critical role SMEs play in Ireland's economy. We have engaged extensively with members in recent months listening to what they believe needs to be prioritised to make Ireland a better place to work and live. Our election manifesto 'Securing A Sustainable Economy' sets out the following key priorities: 👷‍♀️ Reduce labour costs for SMEs 📓 Think 'small first' when introducing new legislation 🈺 Simplify the tax regime to encourage enterprise 🚸 Make more childcare places available for working parents Until election day (whenever that day comes) our team will continue to work tirelessly to promote our members' priorities to politicians and policymakers alike. Stephen Lowry Gearóid O'Sullivan Leontia Doran Susan Rossney Barry Doyle Barry Dempsey Sinead Donovan Pamela McCreedy FCA Jill Farrelly MPRII Jeremy Twomey

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With the Revenue Online Service (ROS) deadline to make contributions against 2023 earnings rapidly approaching on 14th November 2024, Paula Finlay, Head of Pensions, Davy Private Clients, explains why pensions are one of the most tax-efficient ways to save for your retirement. Why not request a call today. https://lnkd.in/eSeKaiwq #Pension #PensionTopUp #FinancialPlanning #RetirementPlanning

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𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐈𝐫𝐞𝐥𝐚𝐧𝐝’𝐬 𝐟𝐮𝐭𝐮𝐫𝐞 𝐡𝐨𝐥𝐝?🟢 Chartered Accountants Ireland's latest edition dives into essential changes industry leaders advocate for in 2025. What’s the one change you’d like to see in 2025? https://ow.ly/8A8R50U6RGJ #AccountancyInsights #HireIQ #FutureOfFinance

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When applying for loans or other forms of financing, having professionally prepared financial statements and projections is often a requirement. Accountants can prepare these documents to the highest standard, increasing the likelihood of approval. They can also advise on the best types of financing according to the business’s needs and financial health.

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When applying for loans or other forms of financing, having professionally prepared financial statements and projections is often a requirement. Accountants can prepare these documents to the highest standard, increasing the likelihood of approval. They can also advise on the best types of financing according to the business’s needs and financial health.

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The latest AIB S&P Global Purchasing Managers' Index (PMI) survey has shown that growth of new business and employment increased in August, and outstanding work increased at the strongest rate in almost a year

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Our latest CFO Survey is published today - read the summary report at the below link. Whilst there is still high levels of uncertainty among CFOs; expectations around Revenue (3 in 4 expect revenues to increase over the next 12 months) and inflation (expectations that this will be 3% for next 12 months) compounded by interest rate reductions sees 60% of Irish CFOs more optimistic about their business than they were six months ago (and Irish CFOs are nearly twice as optimistic as the European average!!). Alan Flanagan Shane Mohan Tom Hynes Donal Lehane Eoghan Murphy https://lnkd.in/eeEBWdmv

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Tax measures to be introduced in Budget 2025 must not add to the already heavy compliance burden facing SMEs and should promote greater investment in domestic business. Read more from Accountancy Ireland here: https://lnkd.in/ebcVtUMt #FinlayMulliganUpdates #SMEs #IrishSMEs #MindingYourBusiness #TaxUpdates #IrishTax

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Irish tax revenue growth continues year on year with strong performances in income tax, VAT and corporation tax.

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Irish tax revenue growth continues year on year with strong performances in income tax, VAT and corporation tax.

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Irish tax revenue growth continues year on year with strong performances in income tax, VAT and corporation tax.

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📊 Salary Trends in Accountancy & Finance: Spotlight on Financial Accountants & Controllers At Eirkoo, we’ve been keeping a close eye on the evolving landscape of Dublin’s accounting and finance sector. The job market is undergoing a significant transformation, with changing employment trends and dynamic compensation patterns shaping the industry. As the economy adapts, staying informed on these trends is crucial for both professionals looking to advance their careers and employers aiming to attract top talent. Check how some key roles have evolved over the years and what these changes mean for you. Read more 👉🏻 https://lnkd.in/dJ8KnfQK #SalaryTrends #Accountancy #FinanceCareers #DublinJobs #FinancialAccountant #FinancialController #CompensationTrends #CareerGrowth #FinanceProfessionals #Eirkoo

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According to the below article in the Irish Examiner inflation's descent has become a catalyst, maintaining the vigor of mergers and acquisitions (M&A) despite a slight dip in activity. Ireland's professional services sector, particularly insurance, accountancy, and software, witnessed a steady stream of consolidations. Notably, domestic firms are asserting their presence in M&A, signaling a robust local business environment. While international acquisitions slightly waned, Ireland remains enticing, especially for UK-based investors. With inflation easing, prospects for increased acquisitions and capital deployment by private equity firms gleam brightly ahead https://lnkd.in/ecStqKC2

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🚀 Payment Strategies for Irish Company Directors 💼 As a director, you have two main options for paying yourself: Salary - Tax Benefits: The company gets a tax deduction, and taxes are deducted at the source. Pension - Tax Benefits: Company contributions are tax-deductible with no payroll taxes. Best Approach? A mix of salary and pension often works best. Other Profit Extraction Methods: Sell Personal Assets: Extract value tax-free by selling assets to your company. Company Loans: Get a tax-free loan if repaid within the financial year. Liquidation: Extract capital at lower tax rates if the company ceases operations. We'll cover this in our upcoming webinar on 4th September - link in comments below 👎 Always consult with your Accountant or tax advisor to optimise your strategy! #TaxEfficiency #BusinessStrategy #CompanyDirectors

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