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Applications for Phase 1 of the Small Business Assistance Scheme for COVID (SBASC) are now open. The applications should be made to your local authority and the closing date for receipt of applications is 21 April 2021. This will provide grants to businesses ineligible for the government’s other existing schemes designed to help with fixed costs. SBASC gives grants to businesses who are not eligible for the Government’s COVID Restrictions Support Scheme (CRSS), the Fáilte Ireland Business Continuity grant,...

Don't forget the standard rate of Irish VAT is due to increase to 23% with effect from 1 March 2021. The rate had been reduced to 21% for a six month period from 1 September 2020 to 28 February 2021. The 9% reduced Vat rate remains effective until the 31 December 2021. Be sure to take into account the following: 1 - Systems will need updating. Your EPOS and accounts systems will need to be updated with the new standard rate change. 2...

Every business owner has their own unique way of doing things. It’s their specific skills and habits that make them so good at what they do - regardless of industry or product. But, there are some universal, common-sense best practices that every business owner should adopt to help their business or company run as smoothly as possible. So, if you’re looking to be more successful - read on! Try incorporating one (or more) of these habits to help your business thrive and...

On 1 February, Fáilte Ireland announced details of its new €55 million Tourism Business Continuity Scheme. The plan will help support the survival of businesses in the short term and assist in the recovery of the sector in the long-term. The scheme will support those tourism businesses that were not eligible for the Covid-19 Restrictions Support Scheme (CRSS) payment or any previous Fáilte Ireland continuity grant schemes. Applications for the new scheme open...

The questions many business owners are asking themselves, is what am I going to do to rebuild my business, where do I start and what help is there out there to assist me? As a result of this Covid-19 pandemic there are now a number of supports available by the State and State agencies. This are made up of practical assistance, loans, and grants. I have broken down these under the three headings. ...

Since the Government announcement of the new COVID-19 Temporary Subsidy Payment, it has left many employers with lots of questions on how this new scheme can help and support their business during this crisis. There are still points of this new scheme that have yet to be clarified and the mechanics of the operation of the scheme are in place but they are also being fine tuned over the coming days. To assist you, we have prepared a list of...

Revenue have just released an update to the Employer which gives guidance on the introduction of the Temporary COVID-19 Wage Subsidy Scheme which replaces the COVID-19 Employer Refund Scheme. This is a welcome support to struggling businesses who have been impacted by the current crisis and comes into effect from the 26th March 2020. Below is some more information that has been made available to guide you through the process. ...

Unprecedented times have brought with it unprecedented challenges for employers in Ireland and particularly SME’s. This short guide will help employers navigate these choppy waters and help answer some of your questions facing them. We have prepared a guide to assist you which sets out Employee and Employer Supports that are currently available. Click here to download our guide here. If you are worried about any aspect of your business’s payroll and feel you need assistance or support from...