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Common mistakes businesses are making in GA4

Are you using Google Analytics 4 for user and customer insights? Here are common mistakes businesses are already making in GA4. Learn more from this 3-minute read which also has a handy downloadable checklist.

Read more here.

Budget 2024 – What You Need To Know

Get ready to navigate the fiscal landscape with our concise summary of the key Budget 2024 points. From personal and business tax changes to sustainability and housing measures, stay informed for the year ahead. Remember, always consult your tax advisor for strategic planning.

These are the main points of Budget ’24. Remember to talk to your accountant/tax advisor before making any tax decisions.

Personal Tax

• Main tax credits increased by €100 to €1,875.
• Standard Rate Cut Off Point for individuals increased by €2,000 to €42,000.
• USC 2% rate band ceiling increased by €2,840.
• USC rate of 4.5% also reduced to 4%, PRSI increases from October 2024.
• Ceiling for 2% USC increased to €25,760.
• Higher rate of USC on earnings up to €70,044 reduced by .5% to 4%.
• Rent tax credit increased to €750 for 2024.
• Temporary one-year mortgage interest tax relief.
• Help to Buy extended to 2025.
• Minimum wage increased to €12.70 per hour from January ’24.

 

Business Tax

• R & D tax credit increase for 2024 expenditure from 25% to 30%.
• Year 1 payment threshold for R & D increased to from 25k to €50k.
• Minimum effective corporation tax rate for large corporate groups of 15%.
• Reduced Capital Gains Tax rate of 16% for Angel Investors in innovative SMEs, on gains of up to €3m.
• EII investor relief limit increased to €500k from €250k with standardised 4 year holding period.
• KEEP (Key employee engagement Programme) scheme extended to 2025.
• VAT thresholds for SMEs to €40,000 for services and €80,000 for goods businesses.
• New measures to ease tax administration burden. • €250m for targeted refunds to rates paying businesses.

 

Sustainability & Housing

• Rented Residential Relief for landlords where €3,000 for 2024, €4,000 for 2025 and €5,000 for 2026 and 2027, will be disregarded at the standard rate of 20%.
• Range of sustainability measures including extension of accelerated capital allowances on energy efficient equipment to 2025.
• Vacant Homes Tax on residential properties increased to a rate equal to 5 times existing LPT rate from November 2023.

 

Note: Now might be a good time to talk to your accountant or tax advisor about tax planning for next year.

How to Manage A Hot Desk Workplace

Find the perfect hot desk for improved productivity & follow these strategies for efficient management:

Seamless Booking Experience

Book a hot desk provider with a user-friendly booking system. Efficient reservation platforms allow you to book your workspace in advance, ensuring a hassle-free experience.

Tech Accessibility & Connectivity

Check for easy access to power outlets & technology. Stable internet & power sources are crucial for efficient work tasks.

Efficient Communication Channels

Choose a hot desk workplace that encourages effective coordination between users. Digital platforms & tools help plan workspace usage, minimising conflicts to secure a suitable spot for you

Responsive to User Feedback

Consider a hot desk provider that values user feedback & takes proactive action. A responsive workspace provider tailors the environment to your needs, enhancing your experience.

Freedom to Choose Your Spot

Find a hot desk provider that allows you to choose your preferred workspace. Various work settings, from quiet corners to collaborative spaces, accommodate different tasks & work styles.

Clear & Tidy Workstations

Opt for a workspace that adheres to clear desk policies. A tidy desk boosts focus, eliminating distractions & enhancing concentration.

Discover Nutgrove Enterprise Park for a seamless work experience designed around your needs. Contact us to find your ideal hot desk & elevate your productivity.

€400K investment for your Start-Up. Investment decision by Dec 8th

€400K investment for your Start-Up announced. Investment decision by Dec 8th

Furthr, with a 35-year history of supporting start-ups and scale-ups, seeks to address funding challenges in Ireland by exploring EIT Digital’s Open Innovation Factory. This program offers up to €400K in grant funding with equity considerations for EU-based start-ups, aiming to accelerate their growth and innovation. Application deadline is November 13, 2023, with decisions by December 13, 2023.

Read more here.

Helping to make SMEs smarter, leaner and greener.

A recent article from the Irish Independent highlights some new supports to help make SMEs smarter leaner and greener.

“In today’s fast-paced business landscape, staying competitive is paramount. Your Local Enterprise Office (LEO) understands the challenges faced by businesses and offers a comprehensive toolkit for success. Discover how LEO’s ‘All in a Day’s Work’ campaign empowers small business owners to save time, money, and energy through resources like Green for Business, Lean for Business, and Digital for Business programs. Thousands of Irish businesses have already reaped the rewards, increasing sales, productivity, employee count, and product/service quality.”

Read the full article at the Irish Independent here.