Auto-enrolment pension scheme approved
Cabinet has approved the Automatic Enrolment Retirement Savings System Bill.
Company size threshold changes
On June 21 2024, Peter Burke TD, Minister for Enterprise, Trade and Employment, signed new legislation to alleviate the administrative burden and disclosure requirements for businesses. By adjusting company size thresholds to account for 25% inflation, this legislation marks a significant shift in how businesses are categorised and managed.
Starting July 1 2024, the European Union (Adjustments of Size Criteria for Certain Companies and Groups) Regulations 2024 ("EU Regulations") take effect, introducing increased company size thresholds. The balance sheet and turnover thresholds detailed in section 280 of the Companies Act 2014 (the "Principal Act") have been raised by 25%. This change means more companies can now qualify as micro, small, or medium-sized, benefiting from simplified reporting and regulatory requirements.
It's crucial to understand what these changes mean for your business and how you can fully take advantage of the new regulations. Download our guide to stay informed and prepared for the future.
Mazars sponsors Invest in Ireland Awards
Mazars is delighted to be partnering with the 2024 Invest in Ireland Awards and is sponsoring the Best Regional Investment category. This category rewards excellence in FDI activity that takes place outside of the two major FDI hubs in the Republic of Ireland (Dublin City and Cork City).
Payroll Ireland newsletter Issue 3 - ERR
From January 2024, there will be a mandatory requirement for employers to report to Revenue on certain expenses or benefits paid to employees on a real-time basis. Enhanced Reporting Requirements was introduced in Finance Bill 2022, Section 897C of the TCA 1997.
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Hilary Larkin Partner, Head of Outsourcing Dublin
Sarah Colfer Director, Corporate Secretarial & Governance Dublin
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