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Cavan accountant warns businesses will be impacted by Budget

Oct 8, 2025 15:46
By News Northern Sound
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Cavan accountant warns businesses will be impacted by Budget

Mr Reilly says the minimum wage increase will impact local businesses massively.

Mark Reilly from Xeinadin Ireland, an accountants and business advisory service based in Cavan has shared his thoughts on this week's Budget announcement.

Mr Reilly described it as a "boring budget" on the Joe Finnegan Show, adding that there was "very little in it for normal businesses and the general public."

While the government was advised to be "cautious" in the lead-up to Budget 2026, the Cavan accountant said some of the decisions made were "silly" particularly when it comes to local businesses.

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Mr Reilly also criticised the 5% increase in minimum wage which he says will swing around and hit businesses from the 1st of January.

He says the rise in minimum wage and pension auto enrolment scheme come on top of high energy and insurance costs.

Mr Reilly outlined that the minimum wage has went up by 40 per cent over the last five years, however inflation has only went up 22%in that same period:

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