Here on the moran mcnamara accounting blog, we will share tax tips and advice for small business owners, self employed, farmers, sole traders, landlords and more. Have a topic you would like us to discuss? Simply drop an email to info@moranmcnamara.ie and we will cover it!
One of the key measures announced by the Irish Government in the July 2020 Jobs Stimulus Plan was the temporary reduction in the standard rate of value-added tax (VAT). The standard rate of Irish VAT will be temporarily reduced from 23% to 21% for a six-month period from 1 September 2020 to 28 February 2021. This is the first change
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An important notice for all employers. Under the July Jobs Stimulus Package a new Employment Wage Subsidy Scheme (EWSS) will replace the Temporary Wage Subsidy Scheme (TWSS) from 1st September 2020. It will run until 31 March 2021. Under this new scheme, certain employers and new firms in sectors impacted by COVID-19 whose turnover has fallen 30% will get a
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We told you briefly about the July Stimulus package, announced by the government, in our previous blog post. Today we will look at some more of the details of the package. Income Tax Relief We would particularly welcome the introduction of income tax relief for the self-employed in respect of 2020 losses. We would see this loss relief as a
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News of The July Stimulus Package has been announced today, July 23rd of July, 2020. Taoiseach, Micheál Martin has announced 50 measures to boost the economy. This is an unprecedented set of measures for unprecedented times. Some of the measures include … Six months reduction in the VAT rate from 23% to 21% Enhanced restart grants Six month
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We know that things haven’t been easy for businesses this year, but the recently announced restart grant which has been announced by the government may help. This is a new fund to reconnect small and micro businesses with their customers and employees. Basically, if your business paid rates during 2019, even if you are in arrears, you may be eligible
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Looking for an exciting new opportunity? At Moran McNamara we are currently looking to recruit a Qualified Accountant to join our team. If you are interested please click on the following link for more information: https://www.irishjobs.ie/…/Qualified-Accountant-8450613.aspx
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The minimum wage has increased by 30 cent an hour from 1st February 2020. The hourly rate is rising to €10.10 from €9.85 – €9.15 was the rate in 2016. Up to 127,000 workers are set to benefit from the increase, according to the Department of Employment Affairs and Social Protection.
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Minister for Finance Paschal Donohoe delivered Budget 2020 yesterday. To find out about the changes announced and more download our easy to follow Budget 2020 Summary which you can get for free by clicking here!
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Mc Cormack Solicitors are holding an information night for First Time Buyers on 16th of April at 7pm in The Bush Hotel. This event would be well worth attending! Click on the following for more information. https://www.facebook.com/events/359243278048202/
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From the 1st January 2019, the 9% VAT rate was increased to 13.5% for the hospitality sector and most tourism related activities. If you would like more information on VAT rates, please click on the following –>> https://www.revenue.ie/en/vat/vat-rates/search-vat-rates/VAT-rates-database.aspx
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