Revenue has issued a guidance document on the new Covid Restrictions Support Scheme (CRSS) with an overview of the scheme and some examples. crss-overview-and-examples The main eligibility criteria: where, as a result of the restrictions under Level 3, 4 or 5, a business has been required to temporarily shut their premises or operate at significantly …
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 Updated rates of subsidy: Gross weekly pay less than €151.50 NIL Gross …
Revenue Guidance re Employment Wage Subsidy Scheme Read More »
The 2021 Budget focuses on dealing with the fallout from Covid19 including further measures being introduced to support businesses through these unprecedented times, stimulate economic growth and strengthen the Health Service and it also provides for the possibility of a no-deal BREXIT. The full detail of Minister Donoghue and Minister McGrath’s speeches can be accessed …
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 …