Would you like a long weekend every week? – Opinion piece

The war for talent is heating up. It feels like every day begins with a new jobs announcement. Employers are competing for talent like never before and driving unsustainable wage inflation in the economy. Competition creates innovation, and the next battleground for talent may well be working time. Who will be the first large-scale employer […]

Ifac urges farmers to reduce pressure on cash flow now to mitigate impact of rising costs next year

Ifac, Ireland’s farming, food and agribusiness specialist professional services firm is encouraging farmers to prioritise budgeting and cash flow management to mitigate the impact of rising costs and tight profit margins.   From a financial perspective, 2021 has been a good year on most Irish farms. Commodity prices are up for milk, beef, lamb and […]

Beware of new tax implications for receiving gifts and inheritances warns ifac

Ifac, Ireland’s eighth-largest professional services firm and specialist for the farming, food and agribusiness sectors, is warning beneficiaries of gifts and inheritances of new tax implications.   Ifac Head of Tax, Declan McEvoy said: “A change in how the value of gifts or inheritances of free money is calculated for Capital Acquisitions Tax purposes will have implications for […]

Ifac reminds farmers to take advantage of the Organic Farming Scheme

Farmers considering an application to the Organic Farming Scheme have until the 30th of April to do so, following the re-opening of the scheme earlier this month with an additional budget of €4 million for 2021. This additional funding was confirmed by Minister of State at the Department of Agriculture, Food and the Marine, Senator Pippa […]

Half of Irish farmers concerned about future – 9 out of 10 farmers want to reduce carbon footprint on farms

Today, ifac, the farming, food, and agribusiness professional services firm, is releasing the findings of its annual, national Farm Report. These insights are a combination of ifac collated financial data and results of the most comprehensive farmer survey ever conducted in Ireland.   Ifac’s 2020 Farm Report combines the views of almost 1,500 Irish farmers with a comprehensive […]

Covid-19 Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment

Since the outbreak of the Covid-19 pandemic, the government has introduced various measures to support individuals and businesses who have lost their income due to the current crisis. Among these measures is a Covid-19 Temporary Wage Subsidy Scheme (TWSS) to support employers so that they can retain their employees and a Covid-19 Pandemic Unemployment Payment […]

Practical tax tips from ifac to help businesses with cashflow difficulties

The unprecedented circumstances currently facing businesses makes it more important than ever to carefully manage your tax affairs. Set out below are practical tax tips to optimise cashflow during the Covid-19 crisis by Declan McEvoy, Head of Tax at ifac. . Corporation Tax/Income Tax When calculating your preliminary tax, this can be based on 90% of your […]

Ifac encourages Offaly farming parents to face up to cost of third level education

Current estimated financial burden at €40k per student   Ifac, the farming, food and agribusiness professional services firm, is urging farming parents in Offaly to take steps now to save for their children’s third level education costs.   The estimated cost per year is around €10k per student. This is made up of a mandatory student contribution […]

Ifac urging Farmers not to miss the Basic Payment (BPS) Scheme Deadline

Ifac, the farming, food and agribusiness professional services firm, are reminding farmers not to miss the 15th May Basic Payment Scheme (BPS) deadline. This is the deadline for farmers to declare to the Department of Agriculture the land they are farming in the year 2019 in order to receive their BPS monies later in the year. […]

Ifac are urging Offaly Farmers to be aware of The Employment (miscellaneous Provisions) Act 2018

The Employment (Miscellaneous Provisions) Act 2018 has come into force and farmers should be aware of the changes and what it means to how you manage your employees. The act delivers the Government’s commitment to strengthen rights for vulnerable workers and to increase the regulation around irregular employment contracts.   If you are a farmer […]

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