The Irish are famously among the biggest tea drinkers in the world. It used to be a choice of either Lyons or Barrys but increasingly we are branching out in the types of tea we drink including Matcha, Chai and Green tea. One tea importer in Galway, called Solaris is run by a German couple who have now achieved the rare accolade of a B Corp Status denoting the highest standards in how the business is run.

Jorg Müller, co-owner of Solaris Tea told Joe all about the company.

In Davos last week the EU Commission said it was pressing on with the introduction of a new type of European corporate entity, called EU Inc, which would be recognised in all 27 member states. It would create a single, harmonized set of EU-wide rules for company law, insolvency, staffing, and tax and could save a lot of money.

It’s often referred to as the 28th regime and our own Michael McGrath is pushing it forward to simplify doing business is a bloc famed for red tape. The person who came up with the term EU Inc is the German entrepreneur and investor Andreas Klinger who joined Joe this morning.

Thursday's business news review along with Newstalk Business Editor Joe Lynam.

If you're a small or medium-sized retailer and don't fancy installing expensive wired infrastructure to sell stuff such as coffee, furniture or burgers, then you may be familiar with the small white boxes on which your customers can tap their cards. Often those boxes are fittingly made by the technology company Square which is staying with a geometric theme and is owned by Block, which is run by Jack Dorsey.

Now Block is beefing up its presence in Europe with a headquarters here in Ireland and John O'Beirne, is the CEO of Square International, part of Block and joined Joe Lynom on the show.

If you're a business and you had some of your key staff at arm’s length via a contract in order to avoid PRSI and pension payments, you are rapidly running out of time to get your relationships in order with the tax man. That's because Friday at 5pm is the deadline for you to have declared staffers who weren’t on PAYE, paid any outstanding taxes and or sorted out some sort of payment stream with Revenue. It all stems from a key Supreme Court ruling 2 years ago and joining us to explain it all is. Sandra Brennan, EY Ireland Tax controversy Partner joined Joe Lynam on the show.

Joe Lynam brings us Wednesday's business news headlines.

Ireland hosts the EU presidency from July and many sectors are hoping that they can magically improve their lot within the European Union in that six month period. Among those are the bankers who want to see a lot more simplification and perhaps even dilution of some of the strict regulations put in place following the financial crisis, caused mostly by the banks. Speaking to Joe to discuss this further was Chief Executive of the Banking and Payments Federation Ireland.

Joe Lynam brings us Tuesday's business new headlines.