Introduction
by Tim McCarthy
 

Welcome to our summer newsletter.

 

As the weather finally begins to improve, we look forward to hopefully a couple of months of sunshine and warm evenings to allow all of us get out in the fresh air.

 

The articles that are included in our newsletter for this quarter are subjects that we have focused on, that are topical at the moment and which are based on feedback and questions from our clients. We hope that you find these articles interesting and of relevance to you and your business.

 

As always if you have any queries or questions on any topic please contact any member of the team at Quintas.

 

Kind Regards,

Tim McCarthy
 
Revenue Warehousing & Covid Subsidies Update
by Dave O'Brien
 

Update on Government Financial Supports

 

Over the last couple of weeks, the government have announced numerous different updates on the existing schemes that are in place, also giving a quick overview of the new Business Resumption Support Scheme. This note gives a high-level summary of the changes to these schemes. Of course, if you require further details on any of the schemes mentioned below, please contact myself or your point of contact in Quintas and we can discuss how your business could stand to benefit from these financial supports available.

 
 
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COVID 19 Part Time Job Incentive for the Self Employed
by Jennifer Brosnan
 

COVID 19 Part Time Job Incentive for the Self Employed

 

The Part-Time Job Incentive Scheme for the Self-Employed (PTSE) is a new scheme for self-employed people. This scheme is available to self-employed people who are in receipt of COVID-19 Pandemic Unemployment Payment (PUP) or a jobseekers payment in the week immediately prior to their application.
 
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Small Company Administrative Rescue Process (SCARP)
by Mark Ryan
 

Small Company Administrative Rescue Process (SCARP)

 

Introduction

 

As part of the Government’s medium-term stabilisation response to the economic challenges of the Covid 19 pandemic, the Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021 provides for a stand-alone rescue framework for small and micro companies.
 
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Maximum Funding , Is it now time to act?
by Anne O'Doherty
 

Maximum Funding

Is it now time to act?

 

Is it now time to act and advise your clients to maximum fund their pensions or are we no closer to seeing changes to the tax reliefs available to pension savers?

 

For years now we have heard murmurings about a change to the pension tax relief system in Ireland with nothing coming to fruition.
 
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TWSS Reconciliation & EWSS Subsidy update
by Sally Turner
 

TWSS Reconciliation update

 

Revenue released the reconciliation process for the Temporary Wage Subsidy Scheme (TWSS) and sent reconciliation statements to employers in mid-March 2021. These reconciliation statements were issued directly to employers Revenue Online Service (ROS) inbox instead of by post.
 
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ePSWT
by Kevin Canning
 

ePSWT

Professional Services Withholding Tax (PSWT) is being moved from a paper-based system to an electronic platform known as ePSWT. The new system will be in place from 1 July 2021 and will operate through ROS. 
 
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