A (small) Step in the Right Direction | Better Business
Have you read the latest edition of Better Business magazine? In this issue, Ciara Dillon and Grace McCann at BDO look at Budget 2022 and discuss the impact it will have on small businesses.
Budget 2022 provides some positive news for Ireland's business community. The retention of the 12.5% rate for most Irish resident companies is an important development. However, BDO believes that much more needs to be done, particularly in the area of high personal tax rates on both income and capital gains. Competitive tax rates are a key element for growth and jobs in the economy.
In its Budget submission, the Small Firms Association (SFA) requested substantial cuts to capital gains taxes (CGT) for business owners and much more generous relief for entrepreneurs who sell their businesses...
Read the full article here.