Practice News
Library of Knowledge No. 19. Announced 15th May 2020 – Government approves details of Restart Grant for Small Businesses. The Government announced details of the new €250m Restart Grant, which will give direct grant aid to micro and small businesses to help them with the costs associated with re-opening and re-employing workers following COVID-19 closures.…
Read MoreLibrary of Knowledge No. 18. As we all prepare to return to work our responsibilities as employers have increased considerably. Last Saturday 9th May 2020 Government issued the ‘Return to Work Protocol’, this is a COVID-19 Specific National Protocol for Employers and Workers. This document is a result of a collaborative effort by the Health…
Read MoreLibrary of Knowledge No. 17 The Government’s Roadmap for Reopening Society and Business was published last Saturday 2nd May `20. This will allow us to work towards kick starting the economy. In conjunction with this publication additional supports announced to support Businesses Impacted by COVID-19. These supports aim to boost businesses to restart, reconnect and…
Read MoreLibrary of Knowledge No. 16 Since the announcement of the `COVID-19 Temporary Wages Subsidy Scheme` on 23rd March 2020, Revenue have issued 9 updates with V9.0 being released yesterday afternoon, a 49-page document. An update has issued on average every 3 working days. It is understandable as the scheme was announced in a rushed manner…
Read MoreLibrary of Knowledge No. 15 To benefit our clients we are delighted to advise that our website has been updated and now includes all links to the COVID-19 schemes, supports and advisories from: Government Enterprise Ireland Local Enterprise Offices Microfinance Ireland Plus more… We hope you find this useful in your efforts to address the…
Read MoreLibrary of Knowledge No. 14 The future could look uncertain to many. However, what is certain is that this virus will dissipate, and life will return to a new norm. As business owners and managers we need get ready for our future…………………………… How will our businesses cope in these new times? Do we need to…
Read MoreLibrary of Knowledge No. 13 Last Sunday 5th April ’20 revenue confirmed the tax treatment of the COVID-19 Wages Subsidy Scheme to employees. See below. Is the wage subsidy taxable on the employee? Extract from Revenue website 10/04/2020 (issued 05/04/2020) ‘The payments are liable to income tax; however, the subsidy is not taxable in real-time…
Read MoreLibrary of Knowledge No. 12 The COVID-19 Business Loan from Microfinance Ireland is a government initiative to support small businesses through the current period of uncertainty and protect job creation or sustainment in Ireland. If your business is impacted or may be impacted by COVID-19 resulting in a reduction of 15% or more in actual…
Read MoreLibrary of Knowledge No. 11 The Companies Registration Office (CRO) has extended the submission date for Annual Returns/B1 Returns due to be filed by any Company now and up to 30th June 2020 ‘It will be deemed to have been filed on time if all elements of the annual return are completed and filed by…
Read MoreLibrary of Knowledge No. 10 We must remember that our business owners and entrepreneurs are the cornerstone of this economy – be proud. Many of us have successfully bounced back from the recession and as many have recreated or built new businesses – be proud. We must remind ourselves that we are strong and versatile…
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