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Support for you and your business in tough times

COVID-19 has been extremely challenging for many businesses. To help you navigate the crisis, we’ve collated these resources, feel free to contact us for further support or information.

The government is currently offering three support schemes:

Scheme 1 - Pandemic Unemployment Payment

Employee is temporarily laid off and gets €350 per week from the Department of Social Protection – employee comes off the payroll.

Scheme 2 - Temporary Covid-19 Wage Subsidy Scheme

Employer keeps the employee on the payroll and claims a wage subsidy.

Scheme 3 - Employee Wage Subsidy Scheme - EWSS

In place from the 1st September 2020 and replaces the Temporary Wage Subsidy Scheme

For more information on both these schemes, please see the articles below.

Articles

All the updates, as we get them.

Why it's more important than ever to have your numbers up to date

We would always encourage our clients to have their numbers up to date. If you don’t know your numbers then you are not in control of one of the most important parts of your business. After allRead more

Home expenses & e-working

Revenue accept that e-Workers will incur certain extra expenditure in the performance of their duties from home, such as additional heating and electricity costs and there is tax relief available Read more

Covid 19 - Temporary Wage Subsidy - Webinar

Read more

Further Covid-19 Employer Supports

A few updates following yesterday’s latest announcements which we have attempted to summarise below A brief video explain this e mail is at this link - Explainer Video 1. Pandemic UnemploymentRead more

Covid 19 - Some Thoughts for Business Owners!

I will not pretend to be an adviser that has all the answers for business owners on this. I absolutely don't. What I can say though is that I am a business owner myself and so I can relate to all theRead more

Covid-19 – Key Supports and Announcements Summary

Like all business owners we have been spending the last few days trying to come to terms with the worsening Covid-19 situation. While the health of the nation is the most important thing at thisRead more

Latest Revenue supports during Coronavirus period

In light of the procedures announced yesterday by Government to help to interrupt the transmission of COVID-19, Revenue have today outlined some important advice and arrangements taken to assist SMERead more

Bookkeeping : Getting it right from the start

The question we hear most in our line of work is “am I making a profit?” and this is always followed closely by “how much tax do I have to pay?“  Every business wants to know what theRead more

Growth Sucks Cash – Ideas To Tame The Monster

No matter how profitable you are or how your business model might be the best out there or even how many outside supporters and investors you have interested in your business; if you’re not able toRead more

Getting cashflow and financial projections right for 2018!

In the business world, cash is king. So, knowing where your cash is, or where it’s going is obviously hugely important. Cash flow issues are unfortunately hugely prominent, but you can make sureRead more

Cashflow – How to help yourself!

Last week we looked at the difference between cash and profits and arrived at the very sound conclusion…..they are not the same thing! We also determined that Cash is King! So armed with thisRead more

Video

We ran a webinar with 2 other local firms to explain the temporary wage subsidy and answer business owners questions. You can find the recording below.

Video

How should you treat an employee that you re-hire who had been temporarily laid off and was claiming the Pandemic Unemployment Payment?

Resources

Guidance and templates. Free to download.

Employee Wage Subsidy Scheme - EWSS

Scheme 3 - Guidance on this scheme that will replace the TWSS from the 1st September. It will run until the 31st March 2021. Find out about eligibility, what you need to do to enter into the scheme and amounts of payment

Temporary Wage Subsidy Scheme - Decision Tree

This is a brief decision tree to follow when determining the rates of subsidy for employees when claiming the TWSS. This is for the operational phase applicable from 4 May 2020.

Road to Recovery

In this article, published in Accountancy Ireland, Ger outlines some of the key short-term and long-terms steps to help a business recover

Cash Flow Forecast Template

An excel template to help keep a close eye on your cash flow during the crisis.

Break-even Excel Template

An excel template that helps you determine what the weekly level of break-even sales your business needs.

Employer Eligibility Guidance PDF

Scheme 2 – Updated guidance for employers around eligibility criteria and information where employers have existing reserves.

Operation of the Wage Subsidy Scheme Guidance PDF

Scheme 2 – note that more and more guidance is being issued on this – This is the most recent update - version 18

Guidance on Extension of Wage Subsidy Scheme

This is a link to Revenue guidance that has issued in relation to the extension of the TWSS including eligibility

Guidance for employees who are in receipt of a temporary wage subsidy payment

For employees whose employer is availing of the Temporary wage subsidy scheme due to a reduction in business - v6

Pandemic Unemployment Claim Form

Scheme 1 – government preference is that this is applied for online – see link below

COVID-19 Subsidy Scheme Declaration

Declaration that the employer has to make to Revenue when opting in to avail of the subsidy scheme – Scheme 2

Available Supports PDF

Document about supports available (Including banking and others)

Local Enterprise Office Supports

List of available vouchers, loans and other supports available to small businesses

Business Supports Available

A government prepared booklet which details the key supports and resources available to help businesses impacted by COVID-19.

Revenue Warehousing of Tax Debt

Find out what Tax debts can be deferred, the timeframe and any interest charges involved

Restarting your business Grant

Find out about the grant available from the local council that can help you restart your business

Further support

If you’d like further support or have questions about anything not covered in this page feel free to contact us.

We understand that not many people are making big decisions right now, however if you’d like to explore what kind of support might be available to you when this is all over, we’d love to hear from you. Just fill in the form below.

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