BUSIN€SS MAT TERS

Denis Naughten TD – Newsletter for the Business Community
BUSIN€SS MATTERS
I hope this newsletter will be of
assistance to you in supporting your
existing levels of employment and
exploring new opportunities for
expansion.
Just before the summer I organised
a very successful public procurement
seminar in Athlone which has allowed
a number of local businesses to explore
new options for expansion
I hope that you find this newsletter of
benefit and I would be delighted to
receive feedback on its content.
Also during the year we come across
supports or business opportunities
which may be of interest to you and if
you wish to provide us with a contact
e-mail to [email protected] we
can keep you updated.
As always if I can be of assistance to
you at any stage please don’t hesitate
to contact me.
Denis
www.DenisNaughten.ie
Conta
[email protected]
Monk
Starting and growing your business
DN_Compslip_Final.indd 1
Galway: tel: 091 565269 e: [email protected]
Leitrim: tel: 071 9650420 e: [email protected]
• Enterprise Ireland: A chance to compete for feasibility
funding, seed funding and equity partners. Visit www.
enterprise-ireland.com
• The
website
www.selfemployedsupports.ie
has
information on the services & entitlements available if
you are self-employed and setting up a business.
Image courtesy of cooldesign at FreeDigitalPhotos.net
Visit www.localenterprise.ie/smeonlinetool and answer
a few simple questions to find out what supports are
available to help your business. It helps you navigate in one
location and provides information and guidance on over 80
government business supports.
Thinking of starting your own business? There is help out
there:
• Local Enterprise Office: Training, mentoring, loans, and
grants where the company has export potential.
Roscommon: tel: 090 6626263/26765
e: [email protected]
• Seed Capital Scheme: if you are a PAYE worker and start
up and work full-time in your own company, you can get
tax relief on the capital you invest in the equity of the
company. The relief is a refund of the income tax you paid
on an equal amount of income in any of the previous six
years. The maximum investment on which relief can be
claimed is €600,000. For further information visit www.
Revenue.ie
• Three Year Corporate Tax Exemption: New companies
get relief from Corporate Tax for the first three years of
up to €5,000 per employee (max €40,000 Tax Credit). For
further information visit www.Revenue.ie
• Competitive Start Funding: The Competitive Start Fund
offers early stage enterprises with significant potential
the opportunity to compete for an investment of €50,000
towards the start-up and market launch process.
Successful starts can graduate to the additional supports
available for “High Potential Start-Ups”
E-mail: [email protected] or Tel: 01-7272202
for further information.
Agri Newsletter
Agri Newsletter
Agri Newsletter
Agri
AgriNewslette
Newslett
Agr
SPRING / SUMMERSPRING
2013 / SUMMER 2013
SPRING / SUMMER 2013
SPRING
SPRING
/ SUMMER
/ SUMMER
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Loans of up to €25,000 are available from Micro Finance
Ireland for commercially viable proposals from enterprises
with no more than 10 employees that do not meet the
DN_Newsletter_BLISSv6.indd 1
DN_Newsletter_BLISSv6.indd 1
DN_Newsletter_BLISSv6.indd 1
conventional risk criteria applied by commercial banks.
Borrowers pay 8.8% APR fixed. Call 01 2601007 or visit www.
microfinanceireland.ie for further information.
16/04/2013 123:20 1
DN_Newsletter_BLISSv6.indd
DN_Newsletter_BLISSv6.indd
16/04/2013 23:20
DN_Newsletter_BLISSv6.indd 1
• A Turnover less than €2million
The Vouchers can be used for the development
or upgrade of an e-commerce website such as
implementing an online payments or booking
system. Other usage includes: purchase of internet
related software, online advertising or development
of an app.
To make an application you must first attend an
information seminar which will provide all the details
as to how to apply.
Seamus Quinn & Billy Donnellan of myITdepartment.ie with
Denis Naughten. The Roscommon Town based IT solutions for
business company has trebled in size over the last 5 years.
Please contact your Local Enterprise Office (www.
localenterprise.ie) for more information.
level of h
into acc
income
scheme,
16/04/2013
He also
proper re
so that v
protecte
Agri Newsletter
Agri Newsletter
Agri Newsletter
Agri
AgriNewslette
Newslett
ter
er Newsletter
Agr
ri
SPRING / SUMMERSPRING
2013 / SUMMER 2013
SPRING / SUMMER 2013
SPRING
SPRING
/ SUMMER
/ SUMMER
2013
2013
SPRING
/ SUMMER 2013
Working
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For farmers
in warned.
East Galway and
Roscommon
For
afarmers
targetedin East
Galway
and -Roscommon
a targeted
ForNaughten
farmers
in
East
Galway
a targeted
Forthe
farmers
Forreforms
farmers
in East
in Galway
East
Galway
and for
Roscommon
and the
Roscommon
a ta
justDenis
just farmers
- who
- who
havehas
have
assets,
assets, year, Denis Naughten
argeted
neaFarm
targeted
under
planned
Single
A to
minimum
payment
without
an average
acreage
intothe
with
the
Minister
for also
but
to
assess
asCurrently,
disposable
butpayment
to
as
but
tofor
assess
them
as
disposable
the
payment
tohectare
local farmers
Currently,
is about
the
coupled
payment
scheme
local
forDáil
suckler
farmers
cows
Currently,
is
about
and
sheep
thecoupled
average
will
scheme
payment
for
tosuckler
local
farmers
cowsthem
and
is
Currently,
about
sheep
will
the
coupled
also
average
the average
scheme
payment
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suckler
to local
tothem
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local
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anddisposable
issheep
about
isPayment
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for suckler
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asper
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Scheme
must
at
a
very
mum
cap
will
disadvantage
local
farmers
over
those
with
Education,
Denis
Naughten
said:
income
is must
not
only
unfair
but
income
only
unfair
but
income
is not
only
unfair
but
and
tounfair
this
must
€280/ha
ensure
and any
changes
be of vital
toimportance
this
system in
must
the
ensure
overall
€280/ha
distribution
andbe
any
ofchanges
vital
of importance
to this
system
in the
overall
ensure
€280/ha
distribution
€280/ha
and
be
ofany
and
of vital
changes
anyimportance
changes
to this
toissystem
this
innot
the
system
overall
must
must
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distribution
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of vital
importance
importance
in the
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the
overall
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income
income
is any
not
ischanges
only
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ution
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- be
maintained
atactive
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current
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large
offorcommonage
in
other
partsand
of
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just
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if
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iffarmers
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fairness
andareas
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CAP,
for farm
ensuring
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fairness
on
rather
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CAP,
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for farmthat
families
active
who
farmers
are reliant
rather
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onthan
fairness
and
landlords
CAP,
equity
and ensuring
equity
for farm
forthat
farm
families
active
families
who
farmers
who
are
reliant
rather
are reliant
on
than
on
landlords
CAP, CAP,
ensuring
ensuring
that
active
farmers
rather
rather
than
lan
just
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feasible
not feasible
iffarm
someone
if families
someone
ndlords
an
landlords
“ There
areare
many
people
-equity
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wants of
toCAP.
continue
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operate
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wants
to continue
to
operate
direct
payments
direct payments
for
benefi
survival.
t fromjust
the reform
of CAP.
payments
benefi
fort survival.
from the reform
direct
payments
payments
benefifor
t from
survival.
forwants
the
survival.
reform
of CAP. to operate
benefi
t from
t from
the reform
the
reform
ofhas
CAP.
ofwarned.
CAP.
wants
wants
to continue
tofor
continue
to operate
to operate
year,benefi
Denis
Naughten
For
farmers
insurvival.
East
Galway
and Roscommon
a targeted
farmers
- direct
who have
assets,
theiravailable
business.
business.
their
business.
”reform
” under
”available
their
business.
business.
” overall
” funding underAny
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coursefunding
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under
available
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within
reduction
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national
incourse
the overall
the funding
funding
under CAP
within
Anythe
reduction
Any
national
reduction
Of in
course
theinoverall
thetheir
overall
funding
funding
funding
available
under
CAP
within
reform
CAP
the
reform
national
Of course
Of course
the
funding
the
funding
available
within
within
the nation
the n
national
nal
Help to Recruit
JobsPlus: JobsPlus gives an employer who recruits a JobBridge: offers an internship of 6-9 months to
the average payment to local farmers
coupled scheme for suckler cows and sheep will also
to assess them as disposable
person
who has been at least 12 but
months
out of work persons who have been signing onCurrently,
as available
to work
a €72-per-week subsidy for 2 years, provided the job and getting a payment or credits for at least 3 months.
provides work on at least 4 days and 30 hours per week. Participants will receive €50/week on top of their
Visit www.jobsplus.ie to register online. It is proposed welfare. See www.jobbridge.ie for further information.
to reduce the threshold for JobsPlus eligibility to 6
Septic
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monthstank
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but
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many
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ecurity
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y
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professional, we have all come
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ow and to support employment.
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people have paid vast sums of
people have paid vast sums of
people have paid vast sums of
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Naughten has welcomed “ While
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assets used to earn the
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e to
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properly regulated.
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in with proposals which
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InterTradeIreland helps small businesses to explore new
cross-border markets, develop new products, processes and
services and become investor ready.
It offers practical cross-border business funding, information,
advice and support to SMEs across the island, North and
households with an income of up
household South,
debt is taken
to protect
hometheir
owners businesses.
from
looking
to grow
to €75,000. Based on an analysis of
count when assessing the
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makes
it easier to do cross-border
the cost of upgrading septic tanks
thresholds InterTradeIreland
for the grant
proper licensing
system needs
Denis Naughten
pictured with Delores
business
support
includes
in Co. Cavan,
it is estimated that
,” stated
Denis
Naughten.
be
put
in
place.
Contractors
DN_Newsletter_BLISSv6.indd
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23:20 23:20
Kelly,
Member
of
the
NI
Assembly
the average cost of remediation
who are providing their services
highlighted the need for
and former SDLP Spokesperson on
Sales
Development
Programme
works to septic tanks is €2,500, so
egulation of contractors,
must be properly registered,
Agriculture. Denis & Delores discussed
this grant should cover the cost of
vulnerable householders
regulated
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upgrading most septic tanks.
ed: While the vast majority
and south of the border.
why not take your business up a levelreforms,
withnorth
InterTradeIreland
Elevate – a sales development programme for small business.
There is up to £5k (euro equivalent) in support, it is 100%
DN_Newsletter_BLISSv6.indd 1
16/04/2013 23:20
funded by InterTradeIreland who will help you identify crossborder markets/customers across the island and win new
business.
Equity Investment
InterTradeIreland holds monthly regional clinics aimed at
Denis pictured with representatives of InterTrade Ireland
helping companies seeking equity investment. The clinics
during a recent seminar on tendering.
will be delivered by a venture professional. This service is
provided free of charge with pre-screening undertaken in
advance to ensure companies using the service meet the Throughout each event programme, there are a number of
opportunities to meet with public sector buyers from across
minimum criteria.
the island at the ‘Buyer Stands’.
Meet the buyer events
The Meet the Buyer events provide SMEs with an overview For more information visit: www.InterTradeIreland.ie
of the all-island public procurement market and the
opportunities available.
level of h
into acc
income
scheme,
16/04/2013
He also
proper re
so that v
protecte
How to get a
slice of the €9bn
available in public
contracts
Just 1% of local businesses win a share of the €9 billion
available in public sector contracts. I recently organised
a seminar attended by 50 businesses who heard
experts in the field of public procurement share tips to
dramatically boost SMEs’ chances of success and show
how working with other SMEs can be an effective way to
win tenders.
Access some of these tips by logging on to: http://ow.ly/
BRi7P
Denis Naughten in Ballinasloe where he has called on the IDA
to make greater effort to promote job creation
Other support:
If you are thinking of exporting for the first time contact
Enterprise Ireland’s First Time Exports Division who can
offer practical advice and support (Email getexportready@
enterprise-Ireland.com or Tel: 01-7272325 for further
information).
Employ your spouse
Two income families can earn far more before they fall into
the higher rate of tax and higher levies, where one spouse
who runs their own business employs the other. The reality
is that both spouses usually contribute to the running of a
business so by splitting the income they can maximise the
amount of income tax paid at the lower rate.
Upskill for free
Interested in upgrading your skills or doing a course in
Chinese, law, computer studies or business skills from the
comfort of your own home and at your own pace?
And all for free!
That’s the idea of Massive Open Online Courses, which are
opening up free educational opportunities to millions of
learners worldwide with top universities including Harvard
and Stanford.
One of the biggest such free online education providers is
Irish based ALISON.com
This information is brought to you by
Denis Naughten TD
If you would like to discuss any matter with Denis, please contact him at
t: 076 100 2200
e:[email protected]
w: PuttingPeopleFirst.ie
0612
Denis with Tony Corrigan, founder of TenderScout,
during the recent public procurement seminar offering
support & advice to local businesses.