InterTradeIreland is inviting applications to a crossborder innovation fund. Five grants worth up to €175,000 are up for grabs during the latest round of their INNOVA programme; the only all-island R&D scheme aimed at helping companies develop new products, processes or services. Funding is available for partnership projects involving businesses from Northern Ireland and the [...]
Read more »Business Briefs: Cross-Border R&D Fund Accepting Applications
July 26th, 2010Business Briefs: Dublin Worst Affected by Insolvencies
July 26th, 2010Company records show the rate of insolvencies has fallen for the third month in a row but the number of businesses shutting their doors for good is more than 25% higher this year than the same period in 2009. Dublin faced the biggest struggle for trade, accounting for 40% of all failures.
There have been [...]
Falling Property Values – An Upside?
July 26th, 2010The value of most assets has fallen dramatically in the last eighteen months – for most of us this is bad news, however, if you are considering transferring wealth to the next generation it is good news.
Passing assets on to the next generation either on death or by gift can trigger the following taxes: Capital [...]
Tax Briefs: Financing Alternative
July 26th, 2010In the current economic climate most companies are finding it extremely hard to source finance. One avenue worth exploring is where a director loans personal funds to the company and charges interest to the company.
Where a company is categorised as a close company (i.e. owned by five or fewer people) and where the [...]
Tax Briefs: Agricultural Vat Margin Scheme
July 26th, 2010Finance Act 2010 introduced a margin scheme for agricultural machinery. From 1 January 2010 dealers in
second hand agricultural machinery may opt to apply the margin scheme to sales. To that end they would account
for VAT at 21% on the profit margin on each sale. Where the margin scheme is applied the dealer would not be
entitled [...]
Newsletter 2010 Issue 3: View of Irish Economy Upbeat
July 14th, 2010
Download and read the full newsletter in PDF format here.
In This Issue
- Tax briefs
- Falling property values
- Business briefs
- Are we really a knowledge economy?
- Legal briefs
- Feeing black with the big red book
View of Irish Economy – Upbeat
Last month, as part of its twice-yearly Economic Outlook, the Organisation for Economic Co-operation and Development became [...]
Debt enforcement You Have Options
June 14th, 2010Register Judgement in High Court Central Office
This threat to a Debtor’s credit rating may be enough, however, it has no real effect if the Debtor is a failing business.
Register Judgement Mortgage
This is useful where the Debtor has property. It ensures Creditor priority above unsecured creditors, but is ineffective where Debtor already has fully secured property [...]
Efficient business in 5 steps
June 9th, 2010Learn From Your Customers:
It is important to know what customers think about your products/services and to ensure that you act proactively if the feedback is negative. Do not be afraid to ask! Feedback can be taken in a number of ways: by phone, face to face, by email or by post. Ask: Was the customer [...]
Cloud Computing Provides Business Solutions on the Ground
June 9th, 2010SMEs are getting a unique chance to grow and expand their business with cloud computing, an emerging computing technology using the internet and central remote servers to maintain data and applications.
Software as a Service (SaaS) is giving businesses the flexibility to pick and choose applications – from basic email to whole disk encryption – without [...]
Set your Sites on New Business Opportunities
June 9th, 2010Does your website exist just for the purpose of existing? Or is it a well-honed marketing and business tool? An online presence is an integral part of generating new business, and although most companies now have websites, they are not always generating the quantity of traffi c needed to grow the business.
Increasing your site profi [...]