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 […]
Category: News
Extension of the TWSS to the end of August
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/ […]
Newsletter Issue 2 2020
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 […]
Revenue FAQ for Employees TWSS
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 […]
Revenue confirms ‘warehousing’ of COVID-19 related tax debt for businesses
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 […]
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COVID-19 Temporary Wage Subsidy Scheme’ – UPDATE
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 […]
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Temporary COVID-19 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 […]
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Revenue – Temporary COVID-19 Wage Subsidy Scheme
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 […]
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Government Support COVID-19
Courtesy of rte.ie The Government is to increase the Covid-19 Pandemic Unemployment Support payment for people who have been laid off due to the virus from €203 to €350. The payment will also apply to the self-employed affected by the virus. The Cabinet has also approved an emergency wage subsidy scheme under which the Government will pay […]
CRO Update
The Companies Registration Office have announced that all annual returns due between now and 30 June 2020 will be deemed to be filed on-time if all elements are filed by 30 June 2020. The also applies to annual returns due for Industrial & Provident Societies, Friendly Societies and Trade Unions This date may be further […]
