Dundalk Chamber of Commerce held their annual Budget Breakfast in the Crowne Plaza Hotel, Dundalk. Sponsored by Paypal, the event was a sell out with just on 200 in attendance. Attendees from financial, professional and the wider business community came out early to hear speaker Enda Jordan, Tax Director with Ernst & Young unravel the complexities of this year’s budget.
President of Dundalk Chamber Michael Gaynor also asked all attendees to consider buying the new “Shop Local Gift Vouchers” if they are considering giving Christmas bonus or other one off payment. There is no better cost effective way of putting up to €500 in an employee’s hand, with no PAYE, USC or PRSI cost. The Chamber is meeting ALL administration costs and as a result a €100 voucher costs the employer €100 and the retailer gets €100 back from the Chamber. This was endorsed by Enda Jordan.
This scheme means cash will be spent locally assisting Dundalk businesses and thereby increasing employment. This is a win win deal.
Please find attached a copy of Enda’s slides from yesterday and also a copy of the EY Budget Tax Alert.
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