Last week, the Institute’s Tax and Public Policy team met with the Minister for Enterprise, Tourism and Employment, Peter Burke TD to discuss current sentiment among SMEs and the challenges they face in terms of labour, operating and regulatory costs. At the meeting, we continued to highlight the difficulties that the Enhanced Reporting Requirement is causing for businesses, and we urged for the introduction of a monthly or even quarterly reporting requirement, rather than the current ‘on or before’ obligation.
In terms of the recent increases in the costs of doing business, the Department of Enterprise, Tourism and Employment has a broad range of grants available and information on these can be found here. We expressed our support for these vital sources of funding for businesses, while also acknowledging the challenges some smaller businesses face in accessing the grants.
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