We are pleased to bring you our summary of the tax measures set out in Budget 2021.
The Government framed Budget 2021 in the midst of immense economic challenges presented by COVID-19 and Brexit. Irish businesses face extraordinary headwinds, and the Budget both reaffirms existing measures and introduces new measures to assist businesses through these extraordinary times. Ministers Donohoe & McGrath recognised that SMEs are the backbone of the Irish economy and it is hoped that future policy initiatives of this Government will focus on and positively address the taxation costs faced by SMEs.
Should you have any taxation or business questions, our team would be happy to share their insights with you.
Download our Budget 2021 newsletter in PDF format.
A synopsis of Business Tax, Property, Personal Tax, Tax Credits and Income Tax Rates along with other notable announcements. Download our Budget 2020 newsletter in PDF format for full analysis.
Irish SME support in China, Noone Casey Business News
Throughout the last three decades, Irish firms have seen sales grow, relationships become stronger and awareness of Ireland increase in China year after year. The sheer size of China’s economy provides a wealth of opportunities for determined Irish companies.
There are a growing number of young professionals with significant disposable income in the major coastal cities who aspire to higher standards of living. Also, in their drive to address export markets, Chinese businesses are developing an appetite for technology, systems and infrastructure that cannot be satisfied by domestic suppliers.
Top 3 Investment Criteria
A survey amongst venture capital investors revealed the top three criteria that are used in assessing the attractiveness of a proposition. Business angel investors are probably no different. The top three criteria arising from the survey were:
- Management team;
- Exit opportunity; and
- Revenue potential.