Revenue have issued guidance on the Employment Wage Subsidy Scheme which replaces the Temporary Wage Subsidy Scheme. Reduced level of subsidy but can apply to new employees. To see guidance: Click here Revenue guidance on the previous Convid 19 Temporary Wage Subsidy Scheme
The original grant was available to rateable businesses with a turnover of less than €5 million and employing 50 people or less which were closed or experienced a drop of 25% or more in turnover to help with costs associated with re-opening and re-employing workers following COVID-19 closures. The grant was based on an …
Government enhances restart grant for small businesses Read More »
Revenue have issued a guide to the taxation measures announced by the Government in the July Jobs Stimulus package. This guide covers: “Debt Warehousing” with regard to VAT and Employer liabilities (PAYE etc) accrued during the restricted trading period caused by Covid-19 are parked on an interest-free basis for 12 months subject to certain conditions. …
July Jobs Stimulus – Summary of Taxation measures Read More »
Businesses need to plan ahead for re-opening in line with the Return-to-Work-Safely-Protocol issued by the government. Some useful information, templates and checklists regarding getting ready to re-open and bringing employees back to work can be found on the Health & Safety Authority website. https://www.hsa.ie/eng/topics/covid-19/return_to_work_safely_templates_and_checklists/return_to_work_safely_templates_and_checklists.html
Our Director, Norman Deacy has reviewed the sources of finance put in place for businesses impacted by Covid 19: In these current unprecedented times, businesses in Ireland are facing several potentially significant challenges. Therefore, it is vital for businesses to plan and adapt accordingly. Consequently, cash flow will be a common issue and access …
Sources of Finance for Businesses impacted by Covid 19 Read More »
Click here for COVID-19-Income-Support-Decision-Tree For businesses availing of the wage subsidy scheme we recommend that you maintain documentary evidence to support your entitlement to the scheme: Companies should maintain minutes of a directors meeting. (If directors social distancing from each other, this can be held by phone/video conferencing). Document what evidence was reviewed when …