Half of Irish farmers concerned about future – 9 out of 10 farmers want to reduce carbon footprint on farms

Today, ifac, the farming, food, and agribusiness professional services firm, is releasing the findings of its annual, national Farm Report. These insights are a combination of ifac collated financial data and results of the most comprehensive farmer survey ever conducted in Ireland.   Ifac’s 2020 Farm Report combines the views of almost 1,500 Irish farmers with a comprehensive […]

Ifac advises Tipperary farmers about new TAMS II closing date

Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Modernisation Scheme (TAMS II) deadlines, owing to the ongoing Covid-19 restrictions.   The following is attributable to Philip O’Connor, Head of Farm Support at ifac.   New date   […]

Ifac advises challenged Tipperary SMEs to take full advantage of Covid-19 supports

Covid-19 and lockdown are continuing to send shock waves through our economy with business activity for many SMEs in decline, as well as tumbling consumer and business confidence.   In particular, according to the farming, food, and agribusiness professional services firm ifac, many business owners across the Irish food and agribusiness sectors report being challenged […]

Covid-19 Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment

Since the outbreak of the Covid-19 pandemic, the government has introduced various measures to support individuals and businesses who have lost their income due to the current crisis. Among these measures is a Covid-19 Temporary Wage Subsidy Scheme (TWSS) to support employers so that they can retain their employees and a Covid-19 Pandemic Unemployment Payment […]

Practical tax tips from ifac to help businesses with cashflow difficulties

The unprecedented circumstances currently facing businesses makes it more important than ever to carefully manage your tax affairs. Set out below are practical tax tips to optimise cashflow during the Covid-19 crisis by Declan McEvoy, Head of Tax at ifac. . Corporation Tax/Income Tax When calculating your preliminary tax, this can be based on 90% […]

Cash conservation advice from ifac for Tipperary SMEs and business owners

Conserving cash is now a critical priority for many businesses. The coronavirus crisis is having a devastating impact on society and also across the economy. Leadership teams need to make decisions and act decisively, writes David Leydon, Head of Food and AgriBusiness with ifac. Firstly, acting now to slow down the spread of Covid-19 is […]

Advice from ifac for Tipperary SME’s in the food and agribusiness sector: can your business survive coronavirus?

A shortage of shipping containers and a significant slow-down of components and parts coming from China to Irish manufacturers are just some of the impacts already being felt by Irish SMEs in the food and agribusiness sector due to coronavirus. This is another blow to the sector which is already vulnerable to Brexit, writes David […]

Ifac reminds Tipperary farmers a Pension is the Christmas gift that keeps on giving

Ifac, the farming, food and agribusiness professional services firm, is encouraging Tipperary farmers to give themselves a gift this Christmas that delivers a range of tax benefits. This Christmas, the very best gift could be one for themselves and their loved one/spouse. And, with tax relief on the monies they invest, tax-free growth on the assets, and […]

Ifac encourages Tipperary farming parents to face up to cost of third level education

Current estimated financial burden at €40k per student   Ifac, the farming, food and agribusiness professional services firm, is urging farming parents in Tipperary to take steps now to save for their children’s third level education costs.   The estimated cost per year is around €10k per student. This is made up of a mandatory student contribution […]

Successors of Tipperary farm businesses could face costly legal and tax issues

Ifac advises Tipperary farm families on how to avoid nasty tax surprises   The professional services firm for the farming, food and agribusiness sector, ifac (www.ifac.ie), is advising Tipperary farm families to start succession planning – not only to protect the future wellbeing of their families but also to deliver financial benefits for their successor, prevent family disputes, and avoid unexpected […]

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