Archive for the ‘Budget’ Category

Small business budgeting

Jan 3

Every month large  organisations pour over budgets, Analysiing variances, updating forcasts.. But what about Small Businesses? Should they budget too? Absolutely. If you don’t prepare a budget you have nothing to aim to. Budgeting will assist with business planning and cost control ultimately success. What Is a Budget?Although you might not know it, you prepare […]

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Blind persons tax credit reduction – Whats the point?

Dec 18

I was reading through some of my notes on budget 2011 today. (Exciting way to spend a Saturday afternoon!) and I noticed the Blind persons tax credit has been reduced from €1830 to €1650. I began to wonder how much revenue this move would generate for the exchequer and what was the point in changing […]

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Reliefs being abolished – Budget 2011

Dec 18

ABOLITION OF RELIEFS (from 1 January 2011 unless otherwise stated) Rent Relief to be phased out over 8 years; the same timeline as previously announced for Mortgage Interest Relief. Patent Royalty Exemption, effective from the launch of the National Recovery Plan on 24 November 2010. Tax relief on Loans to Acquire an Interest in Certain Companies. Abolition […]

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Budget 2011 passes through Dáil

Dec 10

Budget 2011, one of the toughest on record with €6bn in tax hikes and spending cuts, was passed in the Dáil last night with a comfortable majority for the Government. The budget was passed after vote of 82 to 77 in favour of the financial measures. Independents Michael Lowry and Jackie Healy-Rae both voted with […]

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