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We are sad to be leaving our old home in Coolmine, but really forward to our new location in Blanchardstown Corporate Park. Our new office is in Block 8, Blanchardstown corporate park. It might seem strange purchasing a new office, with more office space, when many businesses are downsizing and reducing their office requirement. But here in Solve, we like to push the boundaries and focus on growing and improving our business. As we enter 2022, there are many...

A question I’m often asked is - Do I need Management Accounts? Firstly, I’m going to explain all the reasons that you can use to justify why you shouldn’t be getting management accounts…… Well, there is no legal requirement to have them. A lot of companies don’t produce them There is an additional cost to getting them for my business My business is too small They are not going to sort out my operational...

This new €330m Scheme is to help businesses respond to the ongoing impacts of Brexit. The Brexit Impact Loan Scheme (BILS) is a successor to the Brexit Loan Scheme and provides low-cost loans to eligible Brexit-impacted businesses. The scheme is now being offered through many banks and credit unions. What can the loan be used for? These loans can be used to invest in new technologies, necessary upgrades or changes to the business, or even new staff. It can also be used...

The 2022 budget is being promoted as business friendly by the government. There are plans to attract more foreign direct investment into Ireland with money going to IDA, Intertrade Ireland and many other state agencies to promote innovation and help businesses focus on digital technology. Below is a summary of the main tax changes that will impact your businesses and their employees. For Business 12% Corporation Tax rate to remain for SME’s Businesses with a turnover of less than €750m will...

In this newsletter, we look at the new BRSS and what businesses are eligible to make a claim. At the end, you’ll also find a sample calculator to calculate how much you can claim. To claim BRSS, you must self-declare to Revenue that the business is actively trading and intends to continue to do so and is up to date with all VAT obligations. Another key point is that the business has not claimed the CRSS for any week that includes the...

Have you ever wondered if employees in the UK cost more to employ than their comparable employees in the Republic of Ireland? Let's break it down and find out. Wages - How does the minimum wage stack up? In the UK, the minimum wage for employees who are 23 years old and up is £8.91. When this is converted, it translates to €10.48 at an exchange rate of .85 (the average exchange rate as of June 2021). Compared to the €10.20 minimum...

Outsourced bookkeeping, accounting, and financial controller services are becoming a much more popular solution for SME businesses today. Previously, this option was in the main reserved for larger companies but now smaller companies are moving to this alternative. Having an Irish-based accounting team, business owners and their senior team have access to experienced, highly trained staff working to help them be more profitable, grow faster and make better decisions. There can be significant cost savings compared to building up an internal...

EWSS Eligibility Review to be completed on ROS going forward This update follows on from our Blog at the start of July. Revenue have issued an update on this which sets out a new eligibility review process that employers claiming the subsidy must complete. NEW - Initial Eligibility review The initial Eligibility Review for the June period which will be used to assess eligibility for pay dates from 1 July needs to be completed and submitted online between 21 and 30 July 2021....

In this blog, we’ll review the criteria that you must check to know when and how you should stop claiming EWSS to ensure that you don’t fall foul of revenue. At the end, you’ll also find a sample calculator to make checking the criteria easy. To claim EWSS, you must self-declare to Revenue that you have experienced significant negative economic disruption due to COVID-19, with a minimum of 30% decline in turnover or customer orders over a 12 month period. The review...