Entries by susan

Consumer behavior instability since the onset of COVID-19

According to economic data analyzed by the Bank of Ireland, the COVID-19 pandemic has significantly affected consumer buying decisions. The government’s response to the coronavirus through forced restrictions saw the closure of many industries. This negatively impacted consumer outlook and disposable income, leading to a fall in spending. However, there’s been a noticeable positive change […]

Banks to extend mortgage breaks to homeowners

The country’s five retail banks are likely to extend a six-month break on loan repayments so that they can help homeowners cope with financial difficulty caused by the coronavirus. This will be a shift from a three-month mortgage break that borrowers had been given by the banks before the COVID-19 impact. According to the Banking […]

5 Irish banks have granted borrowers mortgage breaks

Low repayments on mortgages across the property industry have shown the adverse effect of the pandemic on businesses. The fall in economic activity has translated into a fall in consumer disposable income and financial incapacity to honor financial obligations. To cushion mortgagors against this loss of income, Irish banks have granted 45,000 loan repayment breaks […]

COVID-19 disrupted property prices creating a downswing

The combination of Brexit uncertainty in late 2019 and the COVID-19 strict lockdown restrictions in early 2020 have harmed the property industry. Prices have continued to nosedive from February. The implementation of COVID -19 lockdown regulations saw a gradual drop in economic activity with associated job losses. As a result of this, the residential property […]

Calculate VAT for your small Irish business

It takes a lot of fortitude to start one’s own business. And in times like these it is easy to fall into belief that one’s business cannot succeed. We at Mark Kennedy & Co want to make sure you have all the knowledge and tools you need to work as effectively as possible. This is […]

Impact of COVID-19 on the property industry

The COVID-19 pandemic and its subsequent disruptions have led to more job losses and an erosion of income. This has led to a downswing in the property industry as the number of buyers has dropped significantly, property prices have become unstable, homeowners have become financially incapacitated, and consequently, have compelled  Irish Banks to grant them […]

4 Great financial calculators you can use for your small business.

Starting a small business in Ireland is an exciting prospect! However, keeping track on the financial side of the business can take a hit depending on personal knowledge and affinity.  On our site, we show some interesting financial calculators which you can use regularly to help calculate various financial aspects for your business. 1. More […]

Keep informed on COVID-19

It’s difficult to believe that just a few months ago COVID-19 was a term that no one knew. Now, COVID-19 or Coronavirus seems to be all the world is talking about. According to the World Health Organisation, there are currently over 3 million internationally confirmed cases of this virus, with over 20,000 of those being […]