News

JP Morgan quarterly profits jump 36%
The US bank’s earnings beat analysts’ most bullish expectations, jumping 36 per cent and producing net income of $2.7bn, or 28 cents a share, compared with $2bn, or 53 cents, in the same quarter the prior year. Revenues climbed by 41 per cent in the quarter to a record $27.7bn. - click here for more...

Further room for public cuts - ESRI
The Economic and Social Research Institute has said that there is scope for further pay cuts in the public sector.In its latest quarterly report, the ESRI forecasts that the economy will contract by 9% this year, and a further 2.3% in 2010. - click here for more...

Twitter is for old people...
Just over a fortnight ago, Matthew Robson had never worked in banking. This was mainly because he was 15 years and 7 months old and attending a comprehensive school in South London.Today he is the talk of Tokyo, Wall Street and the City. Fund managers, CEOs and analysts are poring over his report, How Teenagers Consume Media, which he wrote last week while on work experience at Morgan Stanley. - click here for more...

Gormley scraps plan for mobile home tax
MINISTER for the Environment John Gormley has reversed the decision to charge owners of mobile homes an annual tax of €200 as part of new laws taxing owners of second homes and holiday homes. It came as the Government emphatically denied a claim by Fine Gael that residents of nursing homes will be charged the tax for their family homes because the nursing home could be considered as their primary residence - click here for more...

Budget: April 2009
Minister Lenihan outlined six steps to be taken to restore and renew the economy as follows:
1. Stabilise the public finances
2. Restore the damaged banking system to ensure credit flows to businesses and consumers
3. Regain the competiveness we have lost through over reliance on domestic spending during the boom
4. Protect the jobs we have and invest in retraining those, who have lost jobs
5. Support and stimulate economic confidence as much as we can within the resources available
6. Restore our reputation abroad

Check out our Budget Summary by clicking here

Moves to help firms, Cowen tells SFA
Taoiseach Brian Cowen has announced steps to help the business sector.
He told the Small Firms Association's National Small Business Awards that each county council would set up a 'Business Support Unit' to act as a point of contact to ensure a quick response when firms were dealing with local authorities.- click here for more...

Ingersoll-Rand Co is to move its tax residency to Ireland.
New York listed industrials giant Ingersoll-Rand Co is to move its tax residency to Ireland. The climate-control equipment maker will ask its shareholders for approval to move its incorporation from Bermuda to Ireland. click here for more...

A Tax on Texts? Surely not!
The mobile phone industry has criticised a proposal by a Government TD for a tax on text messages, calling it “double taxation”. The suggestion of a one cent tax to be introduced in the forthcoming budget was raised by Green Party deputy leader Mary White in the Dáil on Tuesday.- click here for more...

Top 10 Health and Safety Risks to your firm
Our business partners at HealthForce give a rundown of the top 10 Health and Safety Risks to companies. You can also avail of a free health and safety audit! click here for more...

UHY Business Survey
What do business owners and managers really think of the credit crunch? How is it affecting their business? Click her to see the results of our global business survey to date. And why not take the survey yourself?- click here for more...

Form your new company today and pay no Corporation Tax or CGT
start up companies that commence trading from January 1st 2009, will be exempted from Corporation Tax and Capital Gains Tax for the first three years, up to a total tax liability of €40,000. We make setting up a new company easy - click here for more...

Top HR Tips for a Tougher Economic Climate
Business Owner / Managers face tough choices due to the increasing pressure of doing business in a tougher economic climate. Click here for more...

Budget 2009
The highlights of the Budget are fully explained in the FDW Budget Newsletter 2009.
Click the link above to download a pdf.

The Modern Accountant - A key Strategic Business Advisor
Key issues impacting on SMEs and how the CPA has introduced radical changes to its syllabus to ensure that accountants are well placed to meet the changing needs of Irish business

Selling Your Business
An article by Philip Allen BBS MMII on the issues faced in Selling a Business today.

Company Directors - Legal Duties & Obligations
The duties of company directors have become more onerous as regulation becomes more pervasive.

Profit or Cash - Same Difference?
Cash balances at a particular point in time do not necessarily represent profit