Covid-19 Supports
Business Loan Schemes – What’s Available ?
If you haven’t done so already three of the best schemes, we recommend you look into are the Covid-19 Working Capital Loan Scheme, Future Growth Loan Scheme and Revenue Commissioners’ Tax Debt Warehousing.
€25 Million Live Entertainment Grant Open For Applications
€25 million state fund – Live Performance Support Scheme – is open for applications and it is envisaged the scheme will provide work for thousands of musicians, performers, promoters, crew and support staff in the much beleaguered sector.
Outdoor Dining Enhancement Scheme – Applications Open
Good news for the hospitality sector as Government announces a €17m Outdoor Dining Enhancement Scheme.
TWSS Reconciliation Process
Temporary Wage Subsidy Scheme - TWSS - reconciliation balances are now available for employers to review in Revenue's Online Services (ROS).
Tourism Business Continuity Scheme – Applications Open.
Applications are open for a new €55m survival fund to support tourism businesses impacted by the pandemic who don't qualify for CRSS.
Small Business Assistance Scheme for COVID (SBASC) Open for Applications
Applications Now Open for Phase I of €8,000 Small Business Assistance Scheme for Covid - SBASC
Covid-19 Business Supports: €160m Additional Funding
Government has announced a further €160m funding for measures to help businesses during the pandemic. Funding will be allocated to the Covid-19 Products Scheme; The Sustaining Enterprise Fund; and, a new scheme - Covid-19 Business Aid Scheme (CBAS).
Overview of Covid-19 Support Schemes: EWSS, CRSS and PUP
Given the introduction of Level 5 public health restrictions on 30 December 2020 - and the related impact on individuals and business - here is a reminder of the three key Government supports for COVID-19 impacted businesses - EWSS, CRSS and PUP.
Tax liability for TWSS and PUP Payments
Workers who received the PUP or TWSS will get a tax bill from Revenue this week. For those who are surprised to receive this, do not panic. Revenue has stated that the tax liability will not fall due this year. Taxpayers can clear the total amount if they wish, however you are NOT expected to make a lump sum payment.
TWSS: Employers Paying Employees’ 2020 tax liability
Revenue will facilitate employers who wish to pay employees' 2020 tax liabilities - Income Tax (IT) and Universal Social Charge (USC) - due to the TWSS.
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