The impending introduction of pension auto-enrolment in 2025 is set to significantly impact Irish employers, particularly small and medium-sized enterprises (SMEs). This government initiative aims to increase the number of people saving for retirement by automatically enrolling eligible employees into pension schemes. While the goal is commendable, the practical implications for businesses, especially SMEs, could be far-reaching.

The government has announced details of new legislation for the auto-enrolment pensions savings scheme. It’s designed to encourage workers to save for their retirement and make it more straightforward for businesses to offer a workplace pension option.

In the evolving landscape of global trade, the escalating conflict in the Red Sea presents significant challenges and opportunities for Irish businesses. A geopolitical maelstrom with the power to disrupt the very currents of international commerce. This is not merely a distant skirmish but a clash that sends waves crashing onto the shores of Irish enterprise.

As we step into 2024, understanding the economic landscape becomes crucial for businesses and individuals alike. We look at the anticipated economic patterns affecting Ireland and the broader global market, based on insights from various expert analyses and forecast reports.

In the tumultuous waters of corporate America, the story of General Electric (GE) under the leadership of Larry Culp stands out as a beacon of resilience, strategic vision, and operational excellence. Facing $140 billion of crushing debt and significant operational issues, Culp’s leadership in navigating these challenges offers invaluable lessons for all, especially those in the SME sector.

Effective from the end of 31st August 2023, the special 9% VAT rate for certain services in the industry has been discontinued. As we transition into this new phase, these specific services will be subject to the standard VAT rate of 13.5%.

We're committed to keeping our clients informed about the latest changes in employee compensation and benefits. Below, you'll find a summary of recent updates, including changes to pension enrollment, tax guidelines for pension lump sums, mandatory employer reporting details, and new provisions for leave related to medical care and breastfeeding. Staying updated with these changes is essential for smooth business operations and ensuring the well-being of employees.

We took some time out to sit down with NKC founder Neville Kavanagh. A veteran in the business world. Neville is a fountain of knowledge, having weathered the storms of entrepreneurship and navigated the ever-changing tides of not just our own industry, but those of our clients too.