Covid-19 - Government supports updated

Covid-19 Government supports updated

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Covid-19: Government
supports updated

27 March 2020

As communicated earlier this week, on 24 March the Government announced an updated suite of social and economic measures to combat the spread of COVID-19 (Coronavirus) and to support those affected by it. Please see below recently updated information about the COVID-19 Wage Subsidy Scheme; you will also find links to previously advised supports.

This list will be regularly updated on our website.

Please rest assured while our physical office has closed, Walsh O’Brien Harnett is very much open for business. All our staff are fully equipped for remote working and we continue to be available to support our clients at this difficult time. Each of our partners' mobile numbers can be found at the bottom of this email.

We are aware that all of our clients will be working extremely hard to respond to the disruption of COVID-19 (Coronavirus), and we will endeavour to keep you as up to date as possible with the latest developments. The pandemic has created a medical emergency which is naturally the primary focus of many. However, our response to the economic challenges presented will be no less important. Communication will be key during this difficult time and we will strive to keep our clients updated with all developments as they happen.

Staff - Updated

Employer / Employee Supports: COVID-19 Wage Subsidy Scheme updated

This scheme allows employers to pay their employees during the current pandemic.
In phase 1 of the scheme, which is to run from 26 March up until 20 April at the latest, employers will be refunded up to 70% of an employee's net weekly wages – up to a maximum of €410 for employees earning less than or equal to €586 per week net or a maximum of €350 or 70% of the employee’s net weekly wages for those earning between €586 per week net and €960 per week net.
Phase 2 of the scheme is expected to be in operation by 20 April and further details are expected over the coming days/weeks.
Employers must self-declare to Revenue that they have experienced significant negative economic disruption due to COVID-19, with a minimum of 25% decline in turnover and an inability to pay normal wages and other outgoings.
Revenue has published additional guidance in respect of the operation of the scheme by employers and eligibility criteria. For further details please see:
For more information visit Gov.ie: Temporary COVID-19 Wage Subsidy Scheme.

For information about additional employment-related schemes previously communicated, please click 'Read more'.

Banking and other supports

Details of the facilities recommended by Government as supports for working capital constraints.

Revenue

Updated advice provided by Revenue to further assist businesses that are experiencing trading difficulties caused by the impacts of COVID-19.

Communications

Suggestions for maintaining communication with employees, customers, and suppliers during this time.

Insurance

Key items to check relating to insurance.

Recovery

Preparing for recovery after the shutdown.

WOBH support

Although our offices are now closed and we are working remotely, Walsh O’Brien Harnett remains open for business, and we are keen to assist our clients to navigate these choppy waters. Remote-working measures are in place for all staff to ensure continuity of service. The partners continue to be available via email and telephone as required, and encourage you to make contact.

We will update our website with the latest information as and when it becomes available.

Frank Walsh: 086 8304857
Andrew Kevitt: 086 8568965
Joe O'Brien: 086 0853132
Ronan O'Brien: 087 9877905
Conal Sherry: 086 3591696

Contents

Staff - Updated

Banking and other supports

Revenue

Communications

Insurance

Recovery

WOBH support

Frank Walsh
Managing Partner
fwalsh@wobh.ie

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