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Home Instead Senior Care was officially named a finalist in the SFA National Small Business Awards 2015 by AJ Noonan, SFA chairman and chair of the awards judging panel. The aim of the awards is to celebrate the achievements of small business in Ireland, and to recognise the vital contribution of the small business sector to Irish industry.

Economic recovery will be “broadened and strengthened”, allowing more people back to work, due to the measures introduced in Budget 2015.

From 1 January 2014, businesses which have not paid for supplies (either in full or in part) within a six month period will be required to repay to Revenue the VAT previously reclaimed on these supplies. This is mainly an anti-fraud measure, however it is hoped that it will encourage prompt payments, thus increasing cash flow for suppliers, as we all know that cash is king!! Where the supplier is subsequently paid, the amount of deductible VAT can be reclaimed by the customer again. This is measured on a pro rata basis.

The finalists in the Small Firms Association (SFA) National Small Business Awards 2014 were announced this week by, AJ Noonan, SFA chairman and chair of the awards judging panel. The aim of the awards is to celebrate the achievements of small business in Ireland, and to recognise the vital contribution of the small business sector to Irish industry.

Against the background of tough budgets in recent years, Ministers Noonan and Howlin framed their speeches in the context of preparing the country to exit the EU/IMF recovery programme and the creation of jobs in a range of sectors. Set out below is an outline of the main measures announced. More detail will be included in the Finance Bill which is to be published next month.

Galway hoteliers have welcomed the announcement by Minister Noonan to retain the nine per cent tourism VAT rate and look forward to working with the Government to increase employment in the sector.

Retail Excellence Ireland, Ireland’s largest industry trade body, said that it was disappointed with the drop in consumer sentiment in February 2013. The latest KBC Ireland/ESRI Consumer Sentiment Index stood at 59.4 in February, down from 64.2 recorded in January.

I think it is fair to say that the developing Irish wine market has hit something of a snag. Thanks to the unbalanced and, quite frankly, bizarre new tax on wine, all of our small retailers will have to increase the cost of wine in their shops at various stages between now and the New Year as their duty-paid stock runs out. This means that their customers will see various price increases per bottle, as many of the big supermarkets may very well hold their price, either by losing margin or by negotiating better deals with the big wholesalers. That some wine shops will close is certain, as the difference between what they can offer their customers and the below-cost selling of the supermarkets widens even further.

HOUSEHOLDS were hit in the pocket last night by a tough budget that included a property tax that will start next July, a reduction in child benefit paymens, increase in student fees, cigarettes and alcohol and further cuts via the PRSI system.