Microfinance Ireland (MFI) is a Government initiative to provide funding to both start-up and existing micro-enterprises that are having difficulty accessing credit through traditional lending channels.
Businesses that have less than 10 employees and turnover of less than €2million annually are eligible to apply for loan
Have you been refused credit by the banks for loans of up to €250,000?
The Minister for Jobs, Enterprise and Innovation this week announced that the Microfinance Scheme will be open for business from Monday 1st October.
Applications for businesses and sole traders across all sectors employing up to ten people who have been refused credit by the banks for loans of up to €250,000 will be accepted and processed. Criteria, guides and application forms can be found at County and City Enterprise Boards and at www.enterpriseboards.ie
Contact us at Noone Casey for advice on the Microfinance Scheme and how it can benefit you.
The following is a summary of upcoming pay and file dates:
Pay preliminary income tax for 2012 (self-assessed individuals) 31 October 2012
On-Line pay and file date for 2011 return of income 15 November 2012
Payment of Capital Gains Tax for the disposal of assets made from 01 January 2012 to 30 November 2012 15 December 2012
Payment of Corporation Tax balance for accounting periods ending in December 2011 21 September 2012
If you require any assistance in meeting these deadlines, contact Anthony Casey to discuss your requirements.
In these troubled times, legitimate ways of improving cashflow are very welcome.
Some VAT possibilities for consideration are:
On a single page, The Sunday Business Post manages to answer the question posed in its own headline: Has cash lost its lustre? The answer is clear – NO!
The Sunday Business Post provides a detailed summary of the best savings options available in the market. The piece notes the Fine Gael pledge to increase tax on interest earned on savings (DIRT) from the current 27% to 30% “to encourage higher levels of household expenditure”. However, the increased economic uncertainty still means plenty of incentives to save for those inevitable rainy days ahead.
So, what’s on offer?
Ireland has the dubious distinction of being the only country of 19 in a report commissioned by Credit Suisse where investors would have been better off leaving money on deposit over the past decade rather than investing in bonds or equities.
Permanent TSB has intensified its efforts to end interest-only mortgages for its buy-to-let customers, according to The Sunday Business Post. A number of the bank’s customers received letters in the past couple of weeks notifying them of the changed terms, including a warning that they could lose their tracker-rate mortgages.
It’s that time of year again when health insurers warn there is no alternative to hiking premiums if standards of cover are to be maintained. VHI is first out of the blocks and their plaintiff cry is given lead-story status in the business section of The Sunday Times, with the state insurer calling on the government to increase the health insurance levy by almost 50% next year.
Ulster Bank is to target small and medium-sized enterprises (SMEs) in a big advertising push next month, according to the Sunday Times.
Landline telephone costs in Ireland are among the most expensive in the world, according to the Sunday Business Post.
Three of the four banks receiving funding for loans to small business from the European Investment Bank have still not placed all the money more than a year after getting it, The Sunday Tribune reports.
AIB General Manager Dennis O’Callaghan said at the weekend that banks had no doubt that they needed to support small businesses.