Business Supports for Small Businesses

Within the EU, Ireland has one of the fasted growing economies. It is also said to be one of the best countries to do business in. With a highly talented and young workforce, our low cost economy is ideal for trade with the US, EMEA & EURAISA.

The country’s PRO Business stance offers plentiful supports for companies. These companies can range from:

  1. High potential start-ups
  2. Local businesses
  3. Multinationals that are already established but looking to establish in a low tax open economy
  4. Rapidly growing companies with new market expansion

Supports For Small Businesses

JobBridge National Internship Scheme

With this scheme, a person is taken on to undertake work experience. The work experience can last for a maximum of 9 months. As well as providing valuable experience for the person, the company will also gain valuable contribution from them. There isn’t much required for the scheme, just that the company must employ at least 1 full time employee that works more than 30 hours weekly.

County Enterprise Board Employment Grant

This is a grant consisting of a maximum of €8,000 per new job created in respect of up to 10 employees in eligible projects. It can only be approved in cases where it can be demonstrated that labour shortages do not exist.

Revenue Job Assist

Organisations that employ people who qualify for Revenue Job Assist can make a double deduction of the employee’s wages from their company’s taxable income for up to 3 years provided that the employee remains with them. This means that double the amount of the wages of a qualifying employee and double the amount of the employer’s PRSI contribution for that employee can be deducted by the employer from the company’s taxable income.

Employer Job (PRSI) Incentive Scheme

This scheme exempts employers from liability to pay their share of PRSI for certain employees for a maximum of 18 months. The scheme is open to employers who create new and additional jobs. While waiting to be approved for the scheme, standard PRSI should be operated.

Acumen Sales and Marketing Programme

Acumen will fund up to 50% of the cost of a full time Sales Person’s salary in the first year. The maximum cost covered can be up to €37,500/£30,000 with Acumen paying up to €18,750/£15,000.

If you’re looking for more advice then contact Kilcoyne Accountants today. You can also find us on Facebook.

Click here to book your FREE consultation!

< Back to News