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Covid-19 Online Retail Scheme – Its not over yet! 143 Retailers made use of the scheme – 41 were based in Dublin and 102 in the rest of the country. €5.3M was given out to these companies so they could develop the online side of their business and this will help them reach a wider customer base. The average grant value was €36,700 and it covers up to 80% of the project cost....

Is your turnover down 75% or more compared to 2019? The new CRSS scheme provides support to businesses impacted by COVID-19 and in particular the recent lockdown restrictions. This support is designed to be used to cover many of the fixed costs that business's will incur even when their premises is closed or open with restricted access. Below are some of the key points Business...

The government has announced a number of measures to support Irish businesses. We have done a summary run through what these are and how they will benefit your business. Keeping your employees on the payroll The government has announced that the rates of subsidy provided for under the Employment Wage Subsidy Scheme (EWSS) will be revised to achieve better alignment to the Pandemic Unemployment Payment (PUP) rates. Below is a short Q&A to answer the many questions that employers are...

The government has announced a number of measures to support Irish businesses. We have done a summary run through what these are and how they will benefit your business. COVID Restrictions Support Scheme (CRSS) A new COVID Restrictions Support Scheme (CRSS) has been announced for businesses that have been prohibited from trading or trading at a significantly reduced level compared to last year. The support will be in the form of a cash rebate and based on their average turnover...

As we enter into the final quarter of 2020, now is an opportune time to review and see what improvements you can make to your business. It is 7 months since we entered the first lockdown and began to see the impact that COVID-19 has had on our businesses. Now the battle lines have been drawn and we know the challenges that face us. To survive and thrive, we must embrace these challenges and face them head on. As part of...

It's that time of year and Landlords, Subcontractors, Freelancers, Small Business Owners and Self-Employed individuals must pay tax on the profits they made during the year. To pay your tax, you need to complete an income tax return, which is then submitted to the Revenue Commissioners. Even if you make a loss -- you are still obliged to submit an income tax return. The 2019 income tax return deadline in Ireland has been extended to the 10th of December 2020 if...

The revenue deadline of 5th September for submissions in relation to employees eligible fro TWSS from 1st July 2020 has now been removed. Revenue have said that the template for employers that was to be made available at the end of August will not be available this week and as a result it would not be possible for employers to meet the deadline previously set. Revenue hope to have an update to send out to employers next week. This will include the...

Temporary Vat Change  – 23% to 21% for 6 months. The Government has reduced the standard vat rate from 23% to 21% effective from 1st September 2020 until the 28th February 2021 as part of the July stimulus package. How will this effect you and your business? Systems You will need to update your business systems to have this effective from the 1st September....

The Employment Wage Support Scheme (EWSS) replaces the Temporary Wage Subsidy Scheme (TWSS) and will run until the 31st March 2021.  For pay dates from 1 September 2020, EWSS can be claimed in respect of these employees provided the EWSS eligibility conditions are met. To assist you, I am setting out the answers to the most common questions that we have received from clients regarding the new scheme. ...