Baker Tilly wants Budget to make Ireland more attractive to businesses [Video]

Baker Tilly Ireland has outlined its key recommendations for Budget 2025 with a focus on increasing Ireland’s attractiveness for owner-managed businesses and foreign direct investment.

Brendan Murphy, tax partner at the financial, tax, and business advisory services group, has made the proposals with a view to creating a more dynamic and competitive business environment. 

Murphy highlights the importance of targeted tax reliefs and incentives to foster growth and sustainability for owner-managed businesses at different stages of maturity.

He proposed a review of changes to the technical adjustments made to Entrepreneurs’ Relief last year to make it more restrictive in certain group situations.

Murphy feels the definition of a group should be reviewed, and that simplifying the criteria would ensure more entrepreneurs benefit from the relief, promoting further innovation and growth.

He further advised that the Key Employee Engagement Programme, designed to incentivise staff, needs significant improvements to become more user friendly.

Comprehensive reform is required to improve employee …