Myself and my husband are both proprietory directors, so no avoiding S class PRSI.
Seems to me that S class is just another way of making it harder to set up a business in this country. We don't have the same social welfare entitlements as A class.
We are hoping to be in a position to take on staff later this year. It would seem that the staff we would employ would have way better social welfare entitlements than ourselves.
For example, to qualify for maternity leave a woman paying A class would need to have 39 weeks of prsi paid from the previous tax year. For myself to qualify, I would need to have paid 52 weeks stamps. So as an employer, I am not allowed to take a holiday according to the department of Social Welfare, if I intend to have a baby any time soon.
I know we pay less PRSI under S class, but surely we should be able to claim back whatever it is we have paid if we end up out of work! At the moment S class can not claim back anything if they end up unemployed. These are just some of the disadvantages of having to play S class.
This Government needs to be doing more to encourage the entrepreneurial spirit in its citizens. More time and money should be spent on creating the right environment for new home grown businesses to flourish rather than so much of it being spent on offering tax breaks to foreign businesses to encourage them to set up here. Especially when so many of these companies outsource their jobs to other countries anyway. I know Enterprise Ireland and other such bodies are trying by providing help and facilities for start ups but they have little or no money at the moment.
The Government could make it easier for those contemplating setting up a business by creating a fairer PRSI system for a start. There is risk enough involved in starting up a new business venture without losing your entitlements through having to pay class S as well.
The main reason people will set up businesses here and pay the wage levels, insurance costs, costs of living, etc, is that they like Ireland and want to be based here. This is why myself and my husband moved back home from the UK. We love Ireland and want to bring up our family here. With the economy the way it is now more of us have to create work for ourselves through setting up our own businesses if we want to stay in this country.
Could the government please get behind its self-employed and help them out a bit.
Seems to me that S class is just another way of making it harder to set up a business in this country. We don't have the same social welfare entitlements as A class.
We are hoping to be in a position to take on staff later this year. It would seem that the staff we would employ would have way better social welfare entitlements than ourselves.
For example, to qualify for maternity leave a woman paying A class would need to have 39 weeks of prsi paid from the previous tax year. For myself to qualify, I would need to have paid 52 weeks stamps. So as an employer, I am not allowed to take a holiday according to the department of Social Welfare, if I intend to have a baby any time soon.
I know we pay less PRSI under S class, but surely we should be able to claim back whatever it is we have paid if we end up out of work! At the moment S class can not claim back anything if they end up unemployed. These are just some of the disadvantages of having to play S class.
This Government needs to be doing more to encourage the entrepreneurial spirit in its citizens. More time and money should be spent on creating the right environment for new home grown businesses to flourish rather than so much of it being spent on offering tax breaks to foreign businesses to encourage them to set up here. Especially when so many of these companies outsource their jobs to other countries anyway. I know Enterprise Ireland and other such bodies are trying by providing help and facilities for start ups but they have little or no money at the moment.
The Government could make it easier for those contemplating setting up a business by creating a fairer PRSI system for a start. There is risk enough involved in starting up a new business venture without losing your entitlements through having to pay class S as well.
The main reason people will set up businesses here and pay the wage levels, insurance costs, costs of living, etc, is that they like Ireland and want to be based here. This is why myself and my husband moved back home from the UK. We love Ireland and want to bring up our family here. With the economy the way it is now more of us have to create work for ourselves through setting up our own businesses if we want to stay in this country.
Could the government please get behind its self-employed and help them out a bit.
