Author: admin@fmb

FMB are hiring. See what is available in our jobs section Interested candidates should forward their CV to jobs@fmb.ie or to our offices, details of which can be found on our contact page. […]

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Revenue have today issued an eBrief that provides an update on the TWSS, It confirms that the qualifying criteria to avail of the scheme remains as significant negative impact for the three months to 30 June 2020 despite the scheme extending to 31 August 2020. It also confirms that if businesses joined the scheme and […]

Read More… from TWSS update

Over the weekend Revenue changed the tax basis for all employees in receipt of TWSS (Wages Subsidy) or PUP Payment to a Week1/Month1 Basis. This will mean that no tax or USC refunds will be processed through the payroll going forward. Should an employee wish to return to a Cumulative Tax Basis they must contact […]

Read More… from Change to Week1 Tax Basis

Today the Minister for Finance announced the extension of the Temporary Wage Subsidy Scheme (TWSS) until the end of August. We await clarification from Revenue that no other changes are being applied. The announcement is available at https://www.gov.ie/en/press-release/455ce-minister-donohoe-announces-extension-of-temporary-wage-subsidy-scheme-until-end-august/ […]

Read More… from Extension of the TWSS to the end of August

Our latest newsletter is available for download in newsletter section of our website HERE This quarters articles include – economic recession: short and surmountable – the temporary wage subsidy scheme – small enterprise fund – getting your business online plus all the usual tax and legal briefs. We would also encourage micro and small enterprises impacted […]

Read More… from Newsletter Issue 2 2020

Revenue have issued an FAQ document aimed at employees whose employers have been affected by the Covid-19 Pandemic and who are availing of the Temporary Wage Subsidy Scheme. https://www.revenue.ie/en/corporate/communications/documents/twss-guidance-for-paye-employees.pdf […]

Read More… from Revenue FAQ for Employees TWSS

Revenue have now confirmed the ‘warehousing’ of COVID-19 related tax debt for businesses in their latest press release This will provided some welcomed clarity to many small businesses https://www.revenue.ie/en/corporate/press-office/press-releases/2020/pr-020520-revenue-confirms-warehousing-of-covid-19-related-tax-debt-for-businesses.aspx […]

Read More… from Revenue confirms ‘warehousing’ of COVID-19 related tax debt for businesses

UPDATE 1 MAY 2020 – Revenue have now issued Version 9 of the FAQ on the guidance on the TWSS. Their recent update includes a useful Sample Subsidy Calculator which can be accessed at https://www.revenue.ie/en/news/articles/guidance-on-the-temporary-covid-19-wage-subsidy-scheme.aspx _________________________________________________________________________________________________________ UPDATE 6 April 2020 – Revenue have now issued Version 5 of the FAQ’s on the operation of the COVID-19 […]

Read More… from COVID-19 Temporary Wage Subsidy Scheme’ – UPDATE

We have prepared an overview of the supports available to employers as detailed in the Emergency Measures in the Public Interest (COVID 19) Bill 2020. This Bill has been passed by Dail Eireann and is scheduled to be debated in Seanad Eireann today. The wage subsidy measures in the Bill are to be construed in accordance […]

Read More… from Temporary COVID-19 Wage Subsidy Scheme – UPDATE

Revenue have now updated their guidance on the operation of the temporary wages subsidy announced yesterday. This should greatly assist businesses get through this unprecedented period and increase the amount available to employees. Full details are at https://www.revenue.ie/en/corporate/communications/covid19/temporary-covid-19-wage-subsidy-scheme.aspx Please feel to contact us at enquiry@fmb.ie if you need further clarification […]

Read More… from Revenue – Temporary COVID-19 Wage Subsidy Scheme