Accountant Warns Minimum Wage Hike Could Hit Small Businesses

The minimum wage is set to rise by 79 cent.

A Midlands accountant is warning small businesses may see more harm than good in the minimum wage increase outlined in yesterday's Budget.

Measures unveiled will see the minimum wage rise 79 cent to €14.94 an hour from January 1st.

The 40% income tax entry point will now stand at €46,500, up by €2,500.

Enda O'Toole from Milne O Dwyer in Tullamore says it will still put pressure on small business employers:

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