If all you need is a first business day of the year barring public holidays , then this would be enough
DECLARE @Year int = 2014 --sample value
DECLARE @StartDate datetime,@EndDate datetime
SELECT @StartDate = DATEADD(yy,@Year-1900,0),
@EndDate = DATEADD(yy,1,@StartDate)-1
SELECT MIN([Date])
FROM dbo.CalendarTable(@StartDate,@EndDate,1,0) f
WHERE NOT EXISTS (
SELECT 1
FROM PublicHolidayTable
WHERE Date <> f.Date
)
UDF can be found here
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Visakh
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