GOVERNMENT APPROVES DETAILS OF RESTART GRANT FOR SMALL BUSINESSES

The Government has announced more details of the Restart Grant for small businesses: Direct grant aid of between €2,000 minimum and €10,000 maximum based on commercial rates bill from 2019 Scheme applies to small businesses with a turnover of under €5 million and employing 50 people or less The grant scheme opens for applications on […]

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Restart Grant for small businesses

The Government has just announced a total package of business supports worth approximately €6.5 billion.  These include: A €10,000 restart grant for micro and small businesses based on a rates/waiver rebate from 2019; A three month commercial rates waiver for impacted businesses; A €2 billion Pandemic Stabilisation and Recovery Fund within the Ireland Strategic Investment […]

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Temporary COVID 19 Wage Subsidy Scheme (TWSS)

The Government is asking employers who have closed their businesses during the COVID-19 pandemic to continue to pay workers if possible. On 24 March, the Government announced a new Income Support Scheme to assist employers with paying workers during the COVID-19 pandemic. Employers will receive up to 85% of their employee’s weekly take home pay […]

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Help for specific industries – COVID 19

The Government has announced packages of assistances to sectors of industry and commerce that have been most badly affected by COVID-19. Manufacturing and international services A €180m Sustaining Enterprise Fund for firms with 10 or more employees in the manufacturing and international services sectors to be operated by Enterprise Ireland, providing advances of up to […]

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Cash flow supports for businesses – COVID 19

A variety of other supports for businesses affected by COVID-19 have been made available by the State and State agencies. Pandemic Stabilisation and Recovery Fund A €2 billion Pandemic Stabilisation and Recovery Fund within the Ireland Strategic Investment Fund (ISIF), will make capital available to medium and large companies on commercial terms. You can get […]

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General help for Businesses – COVID 19

The Government has introduced a number of measures to assist businesses reduce their operational costs. Waiving of commercial rates Rates due to local authorities from the most immediately impacted businesses – primarily in the retail, hospitality, leisure and childcare sectors, are waived (previously deferred) for a 3 month period beginning on 27 March for businesses […]

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COVID-19 MEASURES – VAT CASHFLOW

In light of the Government’s recent financial measures implemented for businesses, we have summarised below some practical steps businesses may take to improve VAT cash flow.   Deferral of VAT liability and acceleration of VAT refunds Revenue has indicated that interest will be suspended in relation to the late payment of the January February and […]

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Leading a remote team during uncertain times

The uncertainty faced by businesses around the world will test even the greatest managers and leaders. Communicate and then communicate some more Uncertainty produces anxiety throughout your team, other employees, your firm’s customers, suppliers and investors. Silence is not an option as that is often interpreted as bad news. As such, it is essential to […]

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lockdown strategy?

Now is the time to think about how you are going to grow your business, after the lockdown. Set out your goals The current disruption being experienced by businesses across the world is a huge challenge. However it may also be an opportunity for your firm. Start by thinking about your current market position, relative […]

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Managing Your Wellbeing

How to manage your personal wellbeing during the Coronavirus lockdown.   Stay connected Having a sense of connection with family and friends is important for our mental health. Ensure you schedule calls or video chats with your family and friends during lockdown. In addition, there are many online book clubs, virtual coffee groups and online […]

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