Next week sees a number of changes to the Temporary Wage Subsidy Scheme (TWSS) come into effect. I attach the latest Revenue FAQ’s and Guidance for reference. The scheme is moving to what is referred to as the operational phase. Revenue will be using actual calculations from now on based on the information that they
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 all your business is about the numbers, the margins, profitability, gross profit, net profit and cost of sales. If
It is indeed very strange times out there. None of us could have dreamed, in our wildest imagination, what is currently going on and the changes this has made to the usual freedoms we take for granted. We have been fortunate enough that we are still working and rather than having an office base we
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 So what is e-working? It’s a method of working, using IT and communication technologies, in which your work activity is not tied to any particular
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 Unemployment Payment This has now been increased to €350 per week. If you have already applied or received a payment at the lower rate there
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 the uncertainty that business owners are facing……a number have already been forced to make
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 this time, as business owners, we are all extremely uneasy about what the future holds. We have attempted to summarise below
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 SME businesses experiencing cashflow and trading difficulties arising from the impacts of the virus. Revenue has provided advice in 3 areas (SME, Subcontractors and importing goods)
It’s all about the bookkeeping! There’s an old Irish saying – “Tus maith, leath na hoibre” which translates to “a good start means half the work” and this is so true when it comes to accountancy and bookkeeping. If books and records are maintained on a regular basis, then the figures are always easily and
