to the summer edition of the Quintas newsletter. There is a strong economic focus in this
quarters newsletter which we feel is apt given the country’s current
predicament. As I write this piece the
Finance Minister, Michael Noonan, has announced details of the jobs initiative
which controversially is to be funded with a levy on private pension funds for
the next 4 years. Much debate will occur on this introduction but it very much
depends on which side of the fence you are on.
are encouraged by the proactive VAT and PRSI initiative which is welcome news
for the hospitality and tourism sector and if successful may well help those
hit with the pension levies to regain some of the costs through better returns
on investments within the pension funds. Whats positive is that something is
being done and perhaps someone is listening as tourism and hospitality covers a
very large percentage of our work force and has significant ecomomic potential,
particularly if competitiveness is enhanced; if successful, this will inevitably result in additional taxes and sustained employment.
We were delighted to welcome Frank Ryan CEO, Enterprise Ireland, to our office in Heron House, Blackpool in March where he met with Partners and Directors of the firm. The key message from Frank's visit to Quintas is we have to value our companies more and become active
ambassadors in selling Irelands
positives and assisting the growing success of Irish companies in worldwide
markets. Frank stressed that ‘when Ireland is viewed from afar we are
involved in so much of what goes on around the world however we just don’t publicise
it enough.’ This is a typical trait of
the Irish, we are shy about promoting ourselves, but need to overcome this
characteristic and shine a light on what is positive.
edition of our newsletter also contains articles from Paul O’Connell, Finance
Director, on the very topical subject of tracker mortgages i.e. ‘Tracker
Mortgages – When sitting tight might be the best course of action’ James McCarthy, Investment Analyst, outlines
some stark statistics in the ‘Quintas Quarterly Economic Review’. Mark Ryan,
Director of the Business Centre questions whether ‘It is possible to outsource every
part of your business?’ and Fiona Kavanagh, Accountant, provides an update on Revenues Online
Services (ROS) which needs to be followed for mandatory electronic payments and
hope you find this edition of the newsletter informative and if you feel we can
assist you or your business in any way please do not hesitate to contact us.
To view Tims bio click here.