#045:The Bottom Line -The Economy, SME Recovery Ireland, Tax Specialist, Local Chambers of Commerce & an Engineering Company on business during Covid-19

Economist Jim Power chatted to John about the current state of the economy and what the future may look like for the economy as we move through the phases of reopening Ireland. He discusses the challenges that continue to face businesses as well as the importance of supporting local. www.jimpowereconomics.ie SME Recovery Ireland Chair, John Moran spoke with John on the programme a number of weeks ago about the SME recovery plan, Fergus Doyle of The Business Troubleshooters joined John this week to provide an update on the progress being made by the group as well as calling on local business owners to engage with the SME recovery plan. www.smerecovery.ie Grace Fields, Tax Specialist with O’Neill Foley Chartered Accountants, discusses the complexities of transferring a business. John and Grace talk through the various tax implications and how assets can be transferred in a tax efficient manner. They also discuss stamp duty in further detail, highlighting the rate payable on non-residential property has risen over the last number of years and is a big consideration for people when transferring an asset. www.onf.ie County Carlow Chamber of Commerce CEO Brian O’Farrell and Kilkenny Chamber of Commerce CEO John Hurley discuss how businesses are feeling as we enter phase two of reopening Ireland and how businesses will operate across the two counties as they open up in the coming weeks. They highlight the work being done by the Chambers through their weekly contact with Government ministers and the importance of shopping local and supporting local businesses now more than ever. www.carlowchamber.com www.kilkennychamber.ie Maxem Engineering are providers of automation & capital equipment to the Electronics, Automotive, Aviation and Medical Industries and Peter Henebry Managing Director of Maxem Engineering joined John to discuss the work they do. Peter spoke about the global supply chain as well as how Maxem Engineering have pivoted and adapted their business during Covid-19. www.maxem.ie Majella Byrne, Library Staff Officer at Kilkenny County Library provides an update of the services available to the business community through their local library. www.kilkennylibrary.ie With thanks to O’Neill Foley, Produced by Deirdre Dromey. To contact the show, email [email protected]