Sarah Sweeney

As I note in this RTE piece, the ECB delivered an early Christmas present to borrowers at its final meeting of the year, reducing interest rates by a quarter-point, in what was the fourth cut of 2024. New staff projections show the disinflation process is well advanced in the Euro area and have GDP expanding in 2025. The growth outlook for the zone is not overly stellar though; there is uncertainty related to political developments in France and Germany and global trade tensions pose a risk. While President Lagarde didn’t pre-commit to a particular path for interest rates today, EY’s expectation is that she and her colleagues will be ringing in the New Year with further cuts. Carol Murphy Shane Mac Sweeney Simon MacAllister Barry Dunning Olive Stephens

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⚠ ATTENTION BUSINESS OWNERS ⚠ The publication of the Finance Bill 2024 will bring a significant shift in the PRSA landscape in Ireland, in particular for company owners, in 2025. As things stand, there is no limit to how much a company owner can pay into a PRSA. As of 1st January 2025, it will be capped at 100% of their salary. In practical terms, you could have a company owner taking a salary of €40k from their business, but who is putting €100k into their PRSA in 2024. In 2025 and beyond, they will be capped at €40k. Any contributions above the 100% cap will be subject to BIK. This is a big shift, and I'd highly recommend that any company owner sitting on a healthy balance sheet should take financial advice very soon with a view to maximising the current PRSA position before it changes. DNG Financial Services James Kane MSc, CFP®Tom Flanagan BBS QFA CFP®Rebecca Harlow QFA Suzanne Kennedy QFA APA #financebill2024 #prsa #pension #retirementplanning #businessowners #companydirectors #dng #dngfs #dngfinancialservices

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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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🚀 Ready to elevate your business game? 🚀 Our latest blog post "Gain Competitive Advantage: Discover the Power of Digital Transformation for Irish SMEs" dives deep into how digital transformation is revolutionising the way businesses operate. 💡 With the rise of new technologies, Irish SMEs are embracing digital solutions to stay ahead of the curve! Curious about the secret ingredients that can catapult your business to new heights? Head over to the blog to uncover the magic! 🌐✨ Read more: https://lnkd.in/erFHWg2u Join the conversation - let’s discuss how digital transformation is shaping up your business!👇 #DigitalTransformation #IrishSMEs #TechInnovation #BusinessGrowth

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I talked to Claire Byrne on RTE this morning about heightened Revenue interest in whether employers are applying #BIK tax charges to staff hospitality. Listen back from 1hour 4min mark: https://lnkd.in/e7N87R8Z While I fully recognise that Revenue has to operate within the realms of the current #tax legislation, treating sandwiches, biscuits or tea/coffee provided to staff at team meetings as a #benefit-#in-#kind is taking it too far. These are #working lunches which are part of the normal commercial operation of a business and many staff wouldn't perceive them as a benefit. The #cost and #administration of this tax charge is crippling for many small businesses and as a result many are culling these small extras - which will have an impact on staff morale. Contrast this to the larger companies who have staff canteens and where no BIK arises. Chartered Accountants Ireland, under the auspices of the CCAB-I, is writing to the Department of Finance on this matter. Gearóid O'Sullivan Barry Doyle Gráinne McDermott Enda Faughnan

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𝗨𝗣 𝗧𝗢 𝟱𝟬% 𝗧𝗔𝗫 𝗥𝗘𝗟𝗜𝗘𝗙 𝗪𝗜𝗧𝗛 𝗘𝗜𝗜𝗦 𝗜𝗡𝗩𝗘𝗦𝗧𝗠𝗘𝗡𝗧𝗦 On 1st November 2024, Quintas Capital will open The EIIS Innovation Fund to investors. This Fund supports the growth of Irish enterprises through the Employment Investment Incentive Scheme (EIIS) while offering investors significant tax relief of up to 50%. The slides below outline how the Fund works and the expected returns. We’ve also just released our EIIS Key Information Document, which is available for download on our website (link in the comments section) or by contacting us directly at [email protected]. In the coming weeks, we’ll be hosting a webinar where we’ll explain the EIIS Fund in detail and answer any questions you have. Further information will be released soon. 𝑲𝒆𝒚 𝑷𝒐𝒊𝒏𝒕𝒔: - Minimum investment per investor: €25,000 - Maximum investment per investor: €1,000,000 - Fund closes on 31st December 2024 Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Quintas Capital Regulated Limited is regulated by the Central Bank of Ireland. #EIIS #TaxRelief #InvestInIreland #QuintasCapital | Kevin Canning | Tim O'Callaghan | Brian Devine, CFA | Kim Ronayne | Kevin MacSweeny | Fawad Tariq-Khan | John Riordan | Gary Fox

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📽️ Partner & Sustainability Lead, Janice Daly, CFA, outlines the importance of why Irish firms should develop their sustainability strategies, based on the recent Grant Thornton International Business Report. Full report: https://lnkd.in/dHAA-qGF #Sustainability #ESG #Compliance #IrishBusinesses

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Chartered Accountants Ireland has agreed a 3-year strategic partnership with GRID Finance, Ireland’s leading independent lender for small and medium businesses. This partnership will deliver a biennial GRID Finance SME Business Sentiment Survey co-created with Chartered Accountants Ireland in support of its strategic focus on the SME/SMP sector. GRID will also become a sponsor of the Institute’s schools Bootcamp “Be The Boss” Challenge, which aligns with both GRID’s and the Institute’s ethos of educating future business leaders and promoting financial literacy from a young age, as well as giving back to the community. Read more: https://lnkd.in/eryyAG7f Pictured (L-R) are: Eoin Christian, CEO, GRID Finance, Anastasia Myachina, BFP, FCA, Dip ESA, Commercial Partner Manager, Chartered Accountants Ireland, Cróna Clohisey, Acting Director of Advocacy and Voice, Chartered Accountants Ireland, Derek Foley Butler, FCA, Executive Chairman, GRID Finance, and Barry Doyle, President Chartered Accountants Ireland.

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GRID Finance partners with Chartered Accountants Ireland Eoin Christian , GRID Finance CEO, “This collaboration marks a significant step forward in supporting and educating businesses of all shapes and sizes across Ireland by combining GRID Finance’s innovative funding solutions with the trusted expertise of Chartered Accountants Ireland’ #irishsmes #flexiblefinancing #supportingirishbusinesses

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Interesting spot of significant direction from Department of Finance Ireland to the National Treasury Management Agency ("NAMA") regarding preparatory work required in relation to the Conclusion of Irish Bank Resolution Corporation Special Liquidation and Dissolution of the National Asset Management Agency "Re: Memorandum to Government on 2nd July 2024 relating to the General Scheme of the above mentioned Bill. Following Government's approval of the proposal to draft the Bill along the lines of the General Scheme, my Department is now working with the Attorney General's Office and the Office of Parliamentary Council to draft the Bill. The Bill provides inter alia for the residual assets and liabilities associated with the conclusion of the Special Liquidation of the Irish Bank Resolution Corporate (In Special Liquidation) ("IBRC") to the National Asset Management Agency ("NAMA"), at end 2024 / early 2025. The Bill is a priority piece of legislation for the Government. It is therefore important that appropriate support is provided by NAMA on an interim basis to undertake all necessary preparatory work required to facilitate the proposed transfer of residual activity from IBRC to NAMA pending enactment of the Bill. This support will ensure that operational activity can commence following the passage of the Bill. Therefore, and in accordance with Section 13(l)(d) of the Irish Bank Resolution Corporation Act 2013, I hereby direct NAMA to undertake all necessary preparatory work in respect of the transfer of residual activity of IBRC to it. This direction is given pending the enactment of the Bill, currently being drafted, which, when enacted, will facilitate such legal transfer. I direct NAMA to incur such costs as NAMA considers necessary or expedient in connection with this direction, and an estimate of these costs should be incorporated in the NAMA budget process".

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Good advice Ala Browne for any business owners navigating Revenue Debt Warehousing and how Invoice Finance could be a suitable cashflow solution. 💶 Immediate Cash Flow Relief: Convert outstanding invoices into an immediate cash flow lumpsum, freeing up funds to support Debt Warehousing payment. 📈 Ongoing Working Capital: Invoice Finance is a revolving source of funds. It can be used not only for the Debt Warehousing payment but also to free up cash flow for various business needs and growth opportunities. Wondering how Revenue Debt Warehousing may affect an Invoice Finance application, here's a breakdown to help you 👇 #RevenueDebt #InvoiceFinance #CashflowSolutions

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📊 How Your Income Tax is Calculated in Ireland 🇮🇪 Understanding how income tax works is key to managing your finances effectively. Here’s a quick breakdown of how it’s calculated: 1️⃣ Personal Tax Credits 2️⃣ Standard Rate Tax Band 3️⃣ USC 4️⃣ PRSI Contact us today: ☎️ +353 42 933 6664 📧 [email protected]

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🇮🇪 Top Tips for Irish Startups and New Businesses! 🇮🇪 🔍 Know Your Market - Research your industry & identify your audience 💼 Choose the Right Structure - Sole trader or limited company? It impacts taxes & liability 🤝 Compliance and Registration - Keep up with tax filings and deadlines to avoid penalties 📊 Manage Cash Flow - Budget wisely & use cloud-based accounting for real-time tracking 💸 Explore Grants & Tax Relief - Check out LEO grants for financial help CIMA

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We have a new research project on the Global Fund Search platform. An Irish Wealth Manager is in the market for a value equity manager, to integrate into their Fund of Funds range. With an expected allocation exceeding €75m, the mandate focuses on developed markets, allowing some emerging market exposure. If you’re an asset manager interested in finding out more, you can register on the Global Fund Search platform for free. For investors who want to explore how we can streamline your manager selection process, and help you to do more, with less resource at zero cost , click the link in my bio and get in touch ----------------------------------------------------------------------------------- 🔔 Click on the bell on my profile to follow me here for more thoughts on how technology is changing asset management search and research. #rfp #equity #valueequity #wealthmanagement #assetmanagementresearch #vfm #valueformoney

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🌟 Unlock Your Tax Savings Potential With ICG 🌟 Are you looking to maximise your tax savings and optimise your financial strategy? Look no further than Irish Consulting Group (ICG) and our expert tax advisory service!🏆 💻Expert Guidance: Our team of tax experts offers personalised advice and strategic solutions tailored to your unique business needs. ✨Comprehensive Coverage: From tax planning and compliance to tax management and statutory filings, our Tax Advisory Service addresses all aspects of taxation. 🗓Up-to-Date Knowledge: We stay informed about the latest tax laws and regulations to provide you with accurate and reliable guidance. 🤝Trustworthy Partnership: With ICG, you can trust that your tax affairs are in capable hands, thanks to our commitment to excellence, integrity, and client satisfaction. 🔋Maximised Benefits: Our goal is to ensure that you are fully compliant with tax laws while maximising your tax benefits, driving financial growth for your business. Don't leave your tax-savings potential untapped. Partner with ICG's Tax Advisory Service today and unlock the path to financial success for your business!🌟 Reach out to us to learn more about how we can help you save on taxes and drive growth. With ICG, stride towards success with confidence.🙌 #ICG #TaxAdvisory #FinancialSuccess 🚀 

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