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  • Budget 2021 Review

    Budget 2021 Review Budget 2021 was presented yesterday with a package of over €17 billion in response to the “worst global pandemic in a century” and the continuing challenges presented by Brexit. It gives supports to businesses and employees most impacted by the COVID-19 pandemic Minister for Finance Paschal Donohoe said the Government was borrowing to spend and support the economy so that the country could “recover more quickly and prevent a recession running into a depression”. Budget 2021 CAI

  • Covid Finance Options

    Finance Options Credit Guarantee Scheme: The Credit Guarantee Scheme supports loans up to €1 million for periods of up to 7 years. Applications can be made to AIB, Bank of Ireland and Ulster Bank. Eligibility criteria apply. Credit Guarantee Scheme for COVID-19 FAQs COVID-19 Business Loans [lending through this scheme has currently been paused]: Microenterprises can access COVID-19 Business Loans of up to €50,000 from Microfinance Ireland. The terms include a six months interest free and repayment free moratorium, with the loan to then be repaid over the remaining 30 months of the 36-month loan period. Loans are available at an ...

  • Revenue 3% Instalment arrangement for pre Covid tax debt

    Revenue 3% Instalment arrangement for pre Covid tax debt As part of the Business and Community Stimulus package, the Government announced a reduced interest rate of circa. 3% per annum on non-COVID-19 related tax debts. Taxpayers who enter into an agreement with Revenue no later than 30 September 2020 can avail of the reduced rate from the date of that agreement. All Covid related tax debts are currently warehoused

  • Employee Wage Subsidy Scheme(EWSS)

    Employee Wage Subsidy Scheme(EWSS) The EWSS which started from September 1st  last. It is based on the following criteria:  1.            projected turnover from July to December 2020 being down by 30%.  2.            each months actual turnover is then compared with the corresponding period in 2019 to see if you qualify for that month. So turnover for September 2020 is compared with turnover for September 2019. If the turnover is down by 30% it can be used for September 2020. If not, you run the same check again in ...

  • Business Restart Grant

    Business Restart Grant The new and improved Restart Grant(Rates rebate) has a closing date of September 30th next. Applications are to be made online through your local council.

  • July Stimulus Package

      See summary below. We have also updated our summary of available finance and income supports. Click here a new Employment Wage Support Scheme will succeed the Temporary Wage Subsidy Scheme, and run until April 2021 0% interest for first year of SME loans Restart Grant(Rates rebate) for businesses is being extended and expanded Maximum Help-to-Buy relief for home buyers rises by €10,000 to €30,000. Interest rates on tax debts to fall to 3 per cent. Bike-to-work scheme extended, including €1,500 limit on ebikes. Businesses to get €2,000 for each extra apprentice they take on, plus a two-year €7,500 JobsPlus subsidy ...

  • Updated : Covid19 finance and income supports

    Finance Options Credit Guarantee Scheme: The Credit Guarantee Scheme supports loans up to €1 million for periods of up to 7 years. Applications can be made to AIB, Bank of Ireland and Ulster Bank. Eligibility criteria apply. Credit Guarantee Scheme for COVID-19 FAQs COVID-19 Business Loans [lending through this scheme has currently been paused]: Microenterprises can access COVID-19 Business Loans of up to €50,000 from Microfinance Ireland. The terms include a six months interest free and repayment free moratorium, with the loan to then be repaid over the remaining 30 months of the 36-month loan period. Loans are available at an ...

  • Small Business Recovery Plan

    Small Business Recovery Plan See link below to the small business recovery plan. This initiative is chaired by John Moran, former secretary general of the Department of Finance and is a platform for developing a national recovery plan for the small business sector. The plan focuses on the key policy interventions that are required to stabilise and recapitalise the small business sector so that employment and economic activity can be restored. A lot of the thinking behind this plan is based on the principal of getting the flow of money back into the economy. Austerity and raising taxes has the opposite effect.

  • Update from Revenue re tax liabilities

    Update from Revenue re tax liabilities Revenue plan to ‘warehouse’ businesses’ VAT and Payroll tax liabilities. The measure is to apply to businesses in sectors of the economy who have been negatively impacted by COVID-19. This is part of the range of economic measures announced by the Minister for Finance recently. See link below for further details. See here to learn more. There is no legislation yet and the detail will be important. We just have to look at the announcement of the Temporary Wage Subsidy Scheme before legislation and the confusion it caused. This isn’t meant in any way as a slight ...

  • 16 Teachings from Covid-19

    16 Teachings from Covid-19 Appreciate it is a difficult and worrying time for people but there is potential good in all challenges. The article below goes through 16 possible teachings from what we are all experiencing. It is an interesting and thought-provoking way to look at the current situation. Please see link to full article 

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