Budget 2027 is beginning to take shape, making now a good time for Irish businesses to start planning ahead.

The Government’s Summer Economic Statement, published on 22 July 2026, outlined an €8.5 billion Budget package, including €7 billion in additional expenditure and €1.5 billion in tax measures.

While the final measures will not be confirmed until Budget Day, businesses can use the months ahead to review their plans and prepare for 2027.

1. Review Your 2027 Forecasts

Take an early look at expected revenue, costs and cash flow for 2027. A clear forecast can help you plan with confidence and identify opportunities to strengthen your financial position.

2. Plan for Hiring and Growth

If you are considering expanding your team, review your hiring plans alongside expected revenue and business growth. Understanding the full cost of employment can help you make informed decisions for the year ahead.

3. Review Investment Opportunities

Planning to invest in equipment, technology, premises or new systems? Now is a good time to review available tax reliefs and supports. Budget 2026 increased the R&D Tax Credit from 30% to 35%, creating further opportunities for qualifying businesses.

4. Make the Most of Existing Tax Reliefs

Businesses should also review the reliefs already available, including R&D tax credits, capital allowances and Revised Entrepreneur Relief. A tax review can help identify opportunities under current legislation.

5. Plan for Different Scenarios

Scenario planning can give you greater visibility when making decisions. Consider how different levels of revenue, costs and investment could affect your business and use these insights to build a flexible plan for 2027.

6. Focus on What You Can Plan Today

Rather than relying on Budget speculation, focus on the areas you can control, including cash flow, profitability, staffing, investment and tax planning.

Start Preparing for 2027

The months ahead provide a valuable opportunity to review your financial position and build a clear plan for 2027.

At Gallagher Keane, we work with business owners to improve financial planning and make informed decisions around tax, cash flow and future growth.

If you are starting to plan for 2027, now is a good time to speak with your accountant and explore the opportunities available to your business.