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Irish crisis - effects on small business?

Hi all,

Just wondering if anyone 'on the ground', as it were, might be reading and able to help me...I was considering relocating my hairdressing business from the UK to Ireland before the economy started to go properly belly-up...now, not so much.

Are things as bad as they seem over there, or is it being over-hyped by the media? And is the government still keen to support small business people? Cos if not, I'll look elsewhere...

Thanks,
Kate

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I've been here 16 years... always been self employed and my businesses have never earned a dime because it costs so much to employ staff. If I pay an employee 1500 a month, it costs me the double to pay their their social charges. On top of that, you get the occassional bill from either URSSAFF or RSI, which your accountant cannot quantify, where you're obliged to pay.
I had a bill come in this week for 6000 € which I must pay.... no choices. I turn over 120000 a year and can still not run a profit. My account tells me thats the way it is.
Good luck guys

Jackson Collins

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First reply probably says it all...

From a more general economic perspective, if you think the UK economy is going "belly up", then RoI already did so 3 years ago.

Personal taxes up, salaries down, emigration again (after a break during the "Celtic Tiger" days), credit almost impossible to get etc. etc.

Hairdressing is a recipient of "discretionary" (eg spare money left in the purse) spending and during a prolonged and deep recession it's the kind of thing people cut back on (along with holidays etc).

Unless you have plenty of free capital (ie to set up the business and ride out the storm from your savings), probably best to continue where you are and try & build your existing business.
James

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The second reply is sensible.

Re Jackson Collins- first reply. Employer Social Security rates average 12% of salary. I am an accountant and none of my clients pay 100% - that assertion is mad. Also the Revenue Commissioners will explain all their correspondance if you ask. My advice is wake up and change your accountant.
John