SME RED RATE

Businesses could save more than €13m a year because of an initiative by Enterprise Minister Batt O’Keefe to scrap the need to reprint headed notepaper each time company directorships change, The Sunday Independent reports.

The Office of the Director of Corporate Enforcement has issued a guidance note that directors’ names no longer have to be pre-printed on headed paper.

The move will save businesses around €250 each every year.