SFA E-zine ? The Tuesday Edition
 

Dear Member, 

 

Welcome to this week's edition of our SFA e-zine.  

 

After the budget announcement last week we have an article for you that highlights the potential impact for employers. We have our post budget briefing this Thursday in the Bank of Ireland workbench in Trinity college from 6pm.  At our event we will also be launching our third publication calling on government to implement a Small Business Strategy and to create a supportive tax environment for small business.  You can find the publication on our website from today. It is a free event but you need to register in advance.  

 

The second evening in the Business Bytes series is taking place on Wednesday 7 November and we will be discussing PAYE modernisation and 9 other essential things about business taxation.  This is an event not to be missed for business owners.

 

The SFA National Small Business awards are closing for applications this Friday, with only three days left make sure you don’t miss this opportunity to promote and showcase small business, either yours or someone that you know, that you think have the chance to be a finalist in the awards.

 

Places at the SFA Annual Lunch are filling up fast and we want to make sure as many of our valued members as possible can attend so make sure you book you seat today.  

 

As always, we’d love to hear from you about any queries you may have, issues you wish to have raised with Government or other stakeholders and your ideas on how we can improve the business environment for us all. Please contact me on tel: 01 605 1602 or e-mail: sven@sfa.ie or tweet: @SFA_Irl or visit: www.sfa.ie.

 

Kind regards, 

Sven Spollen-Behrens

SFA Director


NEWS
Implications for employers from Budget 2019
 

On the back of Budget 2019 we look at the changes to the National Minimum Wage for 2019 and the new parental benefit which is expected to come into force in November 2019. Read on to learn about these two implications for employers….


The budget for 2019 has a number of implications for employers and in this article we take you through the following:

  • The rise in the minimum wage
  • A new Parental Benefit that entitles each parent to 2 weeks of paid leave from the State

New minimum wage

In January 2019 the National Minimum Wage will increase by 25 cent which means a rise from €9.55 to €9.80 per hour.

 

Below we have set out what the new Minimum Wage Rates will be from January 2019:

 

Experienced adult worker                                                       €9.80 per hour

Over 19 and less than 2 years since starting first job            €8.82 per hour (90%)

Over 18 and less than 1 years since starting first job            €7.84   per hour (80%)

Aged under 18                                                                        €6.86 per hour (70%)

 

The definition of an experienced adult worker under the National Minimum Wage Act is an employee who has been in employment of any kind in any 2-year period and is over the age of 18.

 

Government figures show that currently 151,800 employees which is about 8.9% of all employees are currently on the minimum wage.

 

New Parental Benefit

A new Parental Benefit will be introduced in addition to Maternity and Paternity Leave and is expected to come into force in November 2019. The leave will not be paid by the employer but will be paid for by the Department of Employment Affairs and Social Protection in the same way that maternity and paternity benefit is currently paid. The new scheme will enable a mother and father to each take two weeks’ leave within 12 months of the birth of the child.

 

The new measures are part of the Government’s commitment to reduce the burden on working parents especially in the first 12 months and it provides both parents with an equal opportunity to spend time with their new born child. It is expected that this leave will increase to seven years over the coming years to be line with other European countries who provide state funded parental leave.

 

Details of the new leave have not been issued yet and SFA will keep a watching brief on this and update you as they are released.

 

More recently, the Parental Leave (Amendment) Bill 2017 passed through the Dáil and will go before the Seanad to complete its passage into law. The Bill when acted will increase unpaid parental leave from 18 weeks up to 26 weeks and it will increase the age requirement of the relevant child from 8 years up to the age of 12.

 

In addition, Fianna Fáil proposed a Private Member’s Bill which if passed will allow parents to share the maternity leave between them. The Bill is currently before Dáil Éireann at the second stage.

 

In light of this, it is increasingly likely that businesses should be prepare for and expect more requests from parents seeking time off for childcare commitments and we will keep you updated as these changes come into effect.

 

If you have a query on any of these issues please contact Helen Quinn on 01 605 1668 or at helen.quinn@sfa.ie

 

A supportive tax environment for small firms – new SFA publication
 

The SFA has launched a campaign for a national Small Business Strategy for Ireland, publishing a new strategy paper outlining the main tax changes that are required we proposes changes to current tax rates, amendments to existing schemes, ideas for new targeted relief's and suggestions on how to reduce the burden of tax administration on small companies....


It is clear to many of us working with small businesses that the story of the Irish economy is based largely on the phenomenal success of the foreign direct investment (FDI) sector. From a policy perspective, this amounts not only to a risk (heavy reliance on FDI in an uncertain global environment), but to a major missed opportunity for Ireland. Small business with less than 50 employees make up almost 99% of all businesses and employ half the private sector workforce, some 720,000 people – but this sector is not fulfilling its potential in terms of productivity, added value, exporting, innovation and scaling.

 

That’s why the SFA has launched a campaign for a national Small Business Strategy for Ireland, just as ambitious as the strategic focus on FDI from the 1950s to the present day.

 

We need a Small Business Strategy to ensure that all parts of the State system get behind Ireland’s indigenous businesses to unlock their untapped potential. We need a clear statement from government that it will support home grown enterprises and stand behind those individuals who take the risk to start their own business.

 

The first publication of our campaign highlighted the key facts and figures that show that small businesses are the backbone of the Irish economy. The second made the case for a national Small Business Strategy, showing how the absence of such a strategy has left small businesses lagging far behind multinationals (for which there is a clear national strategy) on many important metrics. It highlighted the potential benefits of such a strategy and the key considerations for its development. Both of these publications are available on the SFA website at www.sfa.ie/0/NSBS  

 

Our previous work has highlighted that one of the most important pillars of a national Small Business Strategy would be a comprehensive tax policy (and the Budget 2019 has failed the small business sector again). Taxation is one of the most powerful tools available to government to achieve its objectives. If this Government or a future one decides to get behind small businesses, tax policy must be activated to work towards this goal.

 

Working together, drawing on insights from our respective member and client bases in the small business sector, SFA and PKF O’Connor, Leddy & Holmes are publishing a new strategy paper outlining the main tax changes that are required. It proposes changes to current tax rates, amendments to existing schemes, ideas for new targeted reliefs and suggestions on how to reduce the burden of tax administration on small companies. These proposals are grouped under three themes:

  1. Investment
  2. Employment
  3. Administration

I would like to thank PKF O’Connor, Leddy & Holmes for their collaboration on this paper, in particular Tax Partner Catherine McGovern. Her deep tax knowledge, combined with extensive experience as a practitioner advising businesses, has been invaluable.

 

Sincere thanks also to the owner-managers who make up the SFA National Council, many of whom have worked tirelessly for years and decades to achieve a tax regime that supports entrepreneurs and small businesses.

 

We are officially launching the new SFA publication on Thursday 18 October and but SFA members can download the document from today.

 

Only 3 days left to enter the awards
 

The SFA National Small Business Awards celebrate excellence, achievement and innovation in small business and you have only 3 days left to apply or nominate.





 

2019 Prize Package

All Finalists

**Value €50,000**

•A comprehensive strategic masterclass weekend sponsored by Skillnet Ireland including communications, media and presentation skills training along with discounted participation on a management development programme during the year
•A profile in a specially commissioned Irish Independent Awards Supplement
•Participation in the Awards Village at the 2019 Business Connect event
•Five complimentary tickets to the Awards Gala Ceremony

Category Winners

•Award trophy and certificate
•One year membership of the Small Firms Association (if you are an existing member your membership for the following year will be complimentary)


Overall Winner

•Winner’s trophy
•A bursary of €5,000 to present to a charity of choice (funded by 2013 Overall winner, Megazyme International)
•Profile in the Spring 2019 edition of the Better Business magazine

How to enter

Entries to the awards will be accepted until 5.30pm on Friday, 19 October. Entry forms are available online at www.sfa.ie/awards.


The competition is open to all companies in Ireland with up to 50 employees and the categories are:

•Manufacturing
•Food and Drink
•Services
•Outstanding Small Business (less than 5 employees)
•Innovator of the Year
•Sustainable Energy
•Exporter of the Year

In addition, the five best “Emerging New Businesses” (companies who are less than two years in existence) will be selected that have the potential to grow and have the ability to be an SFA National Small Business Award winner in the future. 

This is your opportunity to promote and showcase your business and enhance your credibility both internationally and nationally through the extensive PR and media profile the awards attract. The awards also provide companies with a vehicle to recognise the valuable commitment that employees make to their organisation by highlighting their contribution and achievements. Apply here

 

November Business Bytes - tax updates
 

Looking for information on PAYE Modernisation and the steps for businesses to take, VAT pitfalls, PAYE Revenue Reviews and some business tax relief's then book this event today.


PAYE modernisation and 9 other essential things about business taxation

This event will cover some of the topical tax issues affecting businesses today together with some very valuable business tax reliefs, including a discussion on PAYE Modernisation and the steps for businesses to take, VAT pitfalls, PAYE Revenue Reviews and some business tax reliefs.

Catherine McGovern will take the reins for this event.  Catherine is a Tax Partner with PKF O’Connor, Leddy and Holmes Ltd. Catherine will discuss some of the topical tax issues affecting businesses today together with some very valuable business tax reliefs.

This event is entirely free of charge but you must pre-register.

SFA Annual Lunch - tables available
 

The highlight of the small business calendar is the Small Firms Association Annual Lunch, sponsored by Bank of Ireland. This years Lunch will take place on Friday, 16 November at 12.30pm in the Round Room of the Mansion House in Dublin.


The lunch is the perfect opportunity to bring together your guests, special customers, clients and valued employees. We would be delighted to see you there. 

You can book your table for the event at www.sfa.ie. For any queries please contract Claire Gilroy, at claire.gilroy@ibec.ie or 01 605 1528


Book today and join over 500 guests, including small business owner-managers, politicians, senior government officials and media for the biggest business lunch of the year for small business. 

We look forward to welcoming you to this important event supporting the SME community.

EVENTS
Free post budget briefing
 
  • 18 October,    BOI workbench, 6pm

This is your last chance to register for our FREE upcoming Post Budget Briefing this Thursday, 18th October, in the Bank of Ireland workbench space, Hamilton Building, Trinity College Dublin.

 

Our panel of experts will be on hand to explain the implications, particularly for the small business community, following Budget 2019, and to give general advice and have your questions answered. We will be kicking off at 6pm with registration and some light bites and are expecting to finish up by 8pm.

 

This event is entirely free of charge, but please pre-register https://events.bizzabo.com/postbudgetbriefing

 

Looking forward to seeing you on Thursday!

 

Save on tax and engage employees
 
  • 31 October 2018, Online webinar, 10:30

Many members of the SFA has cash balances on their balance sheet, but the spectre of high tax rates prevents them from drawing down the cash. Combine this with the desire to help a valued staff member onto the property ladder, and you have a conundrum.

 

Well take a listen to Ben Hoey from Quartech – they may have the perfect tax efficient solution for you!

 

Join Ben Hoey, CEO Quartech for this webinar.  With over 30 years in investment and commercial banking, mainly with Merrill Lynch and Bank of Ireland in both London and Dublin. Was instrumental in bringing Merrill Lynch to Ireland in 1995 and was CFO of Merrill Lynch International Bank from 2002 to 2008. He introduced Kennedy Wilson and Fairfax International to the Bank of Ireland rescue plan and became a managing director of Kennedy Wilson Europe in 2008. He retired from Kennedy Wilson in 2015 to focus full time on Fintech products aimed at gaps in the retail market.

 

This webinar is FREE to join but you must pre register - https://attendee.gotowebinar.com/register/3916387144778456587

 

For all queries on the event, please call the event organiser:
Gillian O'Keefe, Tel: +353 1 605 1664

 

SFA Annual Lunch 2018
 
  • 16 November 2018,  Mansion House

The SFA Annual Lunch is the highlight of the small business calendar. It is an opportunity to celebrate the contribution that small businesses make to the Irish economy and society.

The SFA Annual Lunch 2018 will take place in the Mansion House in Dublin on Friday, 16 November. This is the perfect opportunity to bring together your invited guests, special customers, clients and valued employeesto kick off the festive season.

Date: 16th November 2018
Time: 12:30 - 16:00
Duration: 4 hrs
Venue: The Round Room
Address: The Mansion House, Dawson Street, Dublin 2

Join over 500 guests, including small business owner-managers, politicians, senior government officials and media for the biggest business lunch of the year for small business.

For all queries on the event, please call the event organiser:
Claire Gilroy, Phone: +353 1 605 1528 or book your table/place here

TRAINING PROGRAMMES
On-Line GDPR training
 

Enrol your staff and managers on our newly designed online GDPR programme to ensure your staff are informed of their obligations under the Data Protection Acts 1988 to 2018 and GDPR.


The General Data Protection Regulation (GDPR), a ground breaking piece of data protection legislation, which came into force on 25 May 2018, has a significant impact on all organisations, as it enhances the data protection rights of employees, imposes specific obligations on employers and introduces severe financial penalties for non-compliance.

Enrol your staff and managers on our newly designed online GDPR programme to ensure your staff are informed of their obligations under the Data Protection Acts 1988 to 2018 and GDPR.

Benefits on online training:

  • Accessible
  • Cost effective
  • Scalable

This course will provide participants with the knowledge to:

    • Describe personal information and data subject rights 
    • Define consent 
    • Explain the role of the Data Protection Commission, Data Controller, Data Processor and the Data Protection Officer 
    • Determine accountability 
    • Conduct breach management and outline our role in the prevention of breaches 
    • Outline data subject access requests 
    • Understand the issue of privacy and its implications

Cost: €70 per license  

Key features

  • 30 minute duration
  • Interactive exercises
  • Short assessment
  • Certificate of completion

Consent:

This programme has been designed in conjunction with Dillon Production. Participant name(s) and email address(es) will be forwarded to Dillion Production for the sole purposes of setting up the login for this programme. If you are making a booking on behalf of someone else, please ensure you have obtained their consent to share their contact information (name and email address).

e-mail: raquel.delapena@ibec.ie

For all queries on the event, please call the event organiser:
Raquel de la Pena Sarrion, Tel+353 1 605 1667