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Incoming CPA Ireland president Cormac Fitzgerald Shane O'Neill Fennell Photograph
Savings Time
'SSIA for SMEs' could unlock €90 billion funding pot
CPA Ireland’s new chief says that the Government needs to re-think existing financing options.
11.11am, 6 May 2014
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AN SSIA-STYLE scheme that would allow people to invest their savings into Small and Medium Enterprises would provide the sector with the shot in the arm it needs.
That’s what the new President of the Institute of Certified Public Accountants in Ireland thinks.
In his inaugural address, Cormac Fitzgerald that the government needs to encourage savers to invest some of the €90 billion currently on deposit into small businesses.
If savers were allowed to put some of their money into an account which would be lent to or invested in SMEs under the management of the bank and get full tax relief for it…this could divert billions of euro in funding into the sector.
Tax write off for investors
Under the proposed project, savers could get a 41 per cent tax relief on their invested funds.
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He said: “Banks would be…better able to meet the funding needs of their business customers; SMEs would benefit through a new line of funding; and the country would benefit through job creation and an overall boost to the economy.”
He criticised existing programmes like the Employment Invesment Incentive Scheme, sayin that it was “too complex and costly”.
Breaking link with bad property debt ‘vital’
Fitzgerald called for a new approach to dealing with SMEs that are weighed down by the burden of property debt acquired during the boom
“The costs of servicing these debts are sucking the lifeblood out of viable SMEs and holding back growth and job creation.”
He said businesses should be allowed to take a loan holiday, which would “freeze and warehouse a portion of these debts for a period during which no further interest would accrue.”
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I’m pretty sure my mom or my PE teacher of the chief Beaver-Scout or somebody would have reigned it in a little if I was having heart palpations or my teammates were ending up in hospital.
Yet more “supplements”?
Can anybody take cycling seriously?
Who cares if they cycle fast anyway?
I couldn’t care less if they cycled at the speed of sound.
All of them are bores.
You make what effort count Fergeioc?
Caffeine is a dangerous drug if taken in excess.
Nice in a cuppa… either tea or coffee usually.
A great harmless stimulant in a cuppa.
Gets you going in the morning.
.
Caffeine can kill you if taken in excess.
Boring cyclists want to bore us even more with their “hyper-caffeine” performance.
Who cares how fast they cycle anyway?
Nobody at all except themselves.
Not really . It’s an endurance pasttime as opposed to a sport that requires skill such as soccer, hurling, badminton etc. Hence much less substance abuse in these sports as there is only a moderate benefit
FJD descending a mountain road with sharp S bends at 90+ KPH requires a lot of skill, also have a look at downhill mountain biking and tell me it’s not skilful. And Badminton shouldn’t even be described as a sport, it’s just a game, like snooker or tiddlywinks.
Go home FJD, you’re drunk..I suppose you’ll say now that there is no skill involved in descending a tricky mountain descent at speeds reaching 80-90 km/HR
Seriously though, if you think drugs are not involved in other sports your crazy! Cycling just happens to be better monitored now, most other sports are rarely tested consistently! Most drugs stay in your system for approx 2 days and normally only tested just before or after an event. Drug use is rampant in every sports off/training season when no testing is done. Your previous comment is not a fact it’s an opinion! Every sport requires skill and the best person wins, foolish to think otherwise!
Am I just stupid or is the idea of having caffeine prior to a work out not moronic in the extreme? I actually avoid all stimulants prior to jogging etc yet have always wondered about the sense of ppl raving about bulletproof coffee etc prior to workouts….
Real spell caster revives !
Life without my husband was a real mess for me and my children,What on Earth will i do to thank Dr BALOGUN for his help? he is wonderful and has a good heart. He is like a God on Earth and i really do not know what to do to thank him for helping me regain my husbands love back with his spell. months ago my husband told me it was over between us and he let me and our children without saying a word, i did all i could to stop him because his mind was made up. few months later my friend told me how DR BALOGUN helped her with his spell,I love my husband so much that i would give up every thing for him, so i contacted Dr BALOGUN to also help me with his spell and he responded saying that he will help me with his spell that I should clam down and i will see result within 12 to 16 hours Today, i am so glad that everything happened just as Dr BALOGUN said, my husband will came back to me within 12 to 16 hours on his knees begging me to forgive him and I accepted him back into my life. Do you need help are you worried about your ex husband or your boyfriend left you for another,here is Dr BALOGUN he is a real and genuine spell caster contact him for help via email: balogunsolutiontemple@gmail.com
If you lose your job and have worked for 5 years you'll get up to €450 a week under new rules
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