Posts by splash
Interest cut on tax debt warehoused by businesses since Covid
Minister for Finance Michael McGrath has announced that the interest rate on tax debt frozen since the pandemic has been cut to 0%. The Revenue Commissioners have also indicated that they will take a flexible approach to repayments which will allow for pay back arrangements spanning more than five years. There is still €1.72 billion…
Read MoreBuilding a Business Budget: Foundational Steps for Financial Success
A well-structured business budget is a roadmap to financial success. It provides a clear picture of where your business stands financially, what it can afford, where it can save, and what it can invest. Here’s how to lay the foundational steps for an effective business budget. Understanding Your RevenueThe first step in building a budget…
Read MoreInflation estimated to have slowed to 2.7% in January from 3.2% in December
The latest figures from the Central Statistics Office show an easing in the estimated annual rate of inflation in January. The latest “flash” inflation estimate from the CSO shows that the annual rate of inflation stood at 2.7% in January, down from 3.2% in December. The core HICP rate, which excludes energy and unprocessed food,…
Read MoreConstruction costs rise but rate of increase eases – SCSI report
Construction costs are continuing to rise, but the rate of increase eased significantly in the second half of last year, the latest Tender Price Index from the Society of Chartered Surveyors of Ireland shows. The report shows that the rate of commercial construction inflation increased nationally at a rate of 1.5% in the final six…
Read MoreInvestment scams growing in frequency and complexity – BPFI report
Consumers are being warned to be on the alert for elaborate investment scams involving online and mobile banking transfers. Figures from FraudSMART, the fraud awareness initiative led by the Banking & Payments Federation Ireland showed a year on year 26% increase in the incidence of such fraud in the first six months of last year.…
Read MoreStrategies for Effective Debt Management in Small Businesses
Debt can be a double-edged sword for small businesses. If managed wisely, it can fuel growth and expansion. However at KAAS, we know that mismanaged debt can lead to financial distress and even insolvency. This article outlines effective strategies for small businesses to manage debt efficiently. Assessing the Debt SituationThe first step in effective debt…
Read MoreEuro zone narrowly avoids technical recession in Q4
The euro zone’s economy stagnated last year, weighed down by an industrial malaise in Germany, its former powerhouse, data showed today. The 20 countries that share the euro barely avoided an outright recession in the final quarter of last year even as the zone’s biggest trading partner, the US, chalked up impressively brisk growth. The…
Read MoreMortgage interest relief scheme opens for homeowners
From today, PAYE taxpayers can submit claims for mortgage interest relief for last year. The relief aims to help homeowners who have borne the brunt of interest rate hikes. Around 208,000 households are eligible, with the relief capped at €1,250 per property. The Government said self-assessed taxpayers will be able to claim the relief from…
Read MoreNew controls on exports from Ireland to Britain begin
New controls on imports entering Britain from the Republic of Ireland have come into effect. The changes, which are a result of Brexit, require firms to pre-lodge customs declarations ahead of shipping products across the Irish Sea. Agri-food exports also have to be pre-notified to the UK authorities and in some cases they have to…
Read MoreTurnover in Irish investment property market down 70%
Turnover in the Irish investment property market dropped almost 70% last year to €1.85bn when compared to 2022 – the lowest since 2012. A new report by BNP Paribas shows that just 114 deals were carried out in the 12 month period, well below the ten-year average of 223. Between October and December, turnover reached…
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