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 »Archive for the ‘General News’ Category
Business Briefs: Cross-Border R&D Fund Accepting Applications
Monday, July 26th, 2010Business Briefs: Dublin Worst Affected by Insolvencies
Monday, 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 [...]
Tax Briefs: Financing Alternative
Monday, 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
Monday, 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 [...]
Debt enforcement You Have Options
Monday, 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 [...]
Legal Briefs: One to Watch for – Commercial Lettings Ireland
Wednesday, June 9th, 2010In March, the government published the Land and Conveyancing Law Reform (Review of Rent in Certain Cases) Bill 2010, the purpose of which is to provide for regulation concerning rent review of existing commercial leases.
The government had already dealt with rent reviews in Section 132 of the Land and Conveyancing Law Reform Act 2009, brought [...]
New National Pensions Framework Ireland
Thursday, May 13th, 2010
The qualifying age for State Pension payments will rise as outlined below:
Qualifying Age for State
Pension
Any date before 31 December 1948
65 years
1 January 1949 – 31 December 1954
66 years
1 January 1955 – 31 December 1960
67 years
1 January 1961 – present
68 years
A system of social insurance credits towards the State Pension has been proposed to compensate [...]
Read more »Business Briefs: Rate of Insolvencies Increase Ireland
Thursday, May 13th, 2010
New Statistics released recently reveal a significant increase in insolvencies in the month of February. The number of companies that went out of business in February was up by 33% – from 110 in January to 146. Statistics show that approximately five businesses per day went bust.
The number of companies [...]
Business Brief: Small Claims Court Extends Remits
Thursday, May 13th, 2010The Department of Justice, Equality and Law Reform has announced that the remit of the Small Claims Court is being extended to include small businesses. Businesses can now file claims against other businesses in respect of goods or services purchased up to the value of €2,000. However, claims cannot be made in respect of debts, [...]
Read more »Grants Mean Good Business for SME’s in Ireland
Thursday, May 13th, 2010There is good news at the door for small-scale businesses operating in Ireland. County & City Enterprise Boards (CEBs) are continuing to provide a range of financial supports designed to assist with the establishment and/or growth of businesses employing up to ten people.
Support comes in the form of grants including:
Feasibility/Innovation Grants
Priming Grants
Business Expansion Grants
Refundable Aid
[...]
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