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 crops. […]

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 anyone […]

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 analysis […]

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% […]

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 Farmers to Prepare for PAYE Changes

Changes are coming to how farmers manage their employees PAYE. James Farrell, partner at Ifac’s Offaly office takes a look at what this means and how you should prepare in advance of the 1st of January   If you are a farmer with employee’s or even one employee your PAYE system is going to get a […]

Ifac welcomes reintroduction of the Organic Farming Scheme

ifac, the farming, food and agribusiness professional services firm, have welcomed the announcement that the Organic Farming Scheme (OFS) had reopened. The OFS is a scheme under Ireland’s Rural Development Programme 2014-2020 to support organic production on Irish farms. The Organic Farming Scheme is a measure rolled out by the Department of Agriculture under the […]

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