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The Tourism Business Continuity Scheme will provide support to providers of certain tourism services who have been unable to qualify for assistance under the Government’s Covid Restrictions Support Scheme (CRSS). It is designed to help these tourism businesses offset their fixed costs incurred last year and support them to continue operating through 2021. The first phase of the Tourism Business […]

The revenue guidance document on the Covid Restrictions Support Scheme (CRSS) which gives an overview of the scheme and some examples has been updated. 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

Revenue have issued guidance on the Employment Wage Subsidy Scheme which replaces the Temporary Wage Subsidy Scheme.  The level of subsidy is dependent on normal gross pay and can apply to new employees. To see guidance: Click here Updated rates of subsidy: Gross weekly pay less than €151.50               

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

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.

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

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

In response to the pandemic the government has introduced several emergency measures to assist businesses, employers and employees. In addition to the income supports set out below the following measures have been out in place to help alleviate the effect of the pandemic on businesses: The Revenue Commissioners have advised taxpayers to continue to make