While such tax supports can apply to all Irish companies, due to lack of take-up in the sector, they have become more targeted at SMEs - most recently with the announced increase in the R&D tax credit to 30% for such entities.
Most employers are familiar with the €500 small benefit exemption but for 2020, there are now two further ways of rewarding staff efficiently. This article provides an outline, with a word of caution on gifts.
