We are working with clients to develop a road map for the current crisis and we recognise that many are facing unprecedented challenges. We believe that timely and targeted advice and professional support can make a difference and there are a number of ways we can help.
Our Coronavirus hub is an information point to address your key questions and we will keep it updated through the next few months. Importantly we are also on hand for a more detailed conversation and to provide you with the support and advice you need. Please do not hesitate to get in touch.
Tax & Benefits
Operation of the Temporary Wage Subsidy Scheme (TWSS) following legislation and Revenue’s guidance 30 March 2020
The Emergency Measures in the Public Interest (Covid-19) Bill 2020 (“the legislation”) was passed by Dail Eireann on 26 March 2020. It includes proposals in a whole range of areas from tenancies, to health, to the payment by the government of a temporary wage subsidy scheme (“TWSS”).
Temporary COVID-19 Wage Subsidy Scheme (“TWSS”)
[Updated 26/03/2020] - A Temporary COVID-19 Wage Subsidy Scheme (“TWSS”) was introduced by Taoiseach Leo Varadkar on Tuesday evening, 24 March 2020. This scheme is set to replace the current Employer Refund Scheme, that was announced last week, as of Thursday 26 March 2020 and is expected to last for 12 weeks.
S&W webinar: Wage Subsidy, Tax and loan facilities: Key pointers to Financing your business during Covid-19
We will be updating on changes announced to the Temporary Wage Subsidy Scheme, looking at accessing recently announced government funding and managing Revenue and Tax.
This webinar will cover:
- Updated - Temporary Wage Subsidy Scheme (TWSS)
- Government funding announcements
- Other Revenue supports and issues
Business Supports and Cashflow
Funding schemes from Enterprise Ireland, SBCI and Local Enterprise offices
There are a range of supports recently announced by Government specifically for challenges arising from the Covid-19 crisis and in addition there are a number of existing schemes which remain available and can be used to fund SME’s to survive and plan for a future beyond the current crisis.
Investment & Personal Finance
Yield opportunities in US corporate credit
17/04/20 - The US corporate bond market offers an opportunity for income seeking investors. Investment grade and high yield corporate bonds currently trade at yields of 2.1%, and 7.4% respectively, which compares to a S&P 500 equity trailing dividend yield (DY) of 2.2%.
Dividends: Under the knife
07/04/2020 - As the ramifications of the global lockdown response to COVID-19 develop, dividend income is being slashed. We explore what this means for our clients, especially those who need a regular investment income, and consider how long and severe this income drought might be.
Are structured products helping manage risk in distressed markets?
03/04/2020 - In recent weeks nearly every asset class has seen remarkable and unexpected price movements. Structured products are often used in modern investment portfolios to reduce risk and or diversify returns, but prices have been as volatile and disconcerting as many other assets. In this article we answer five questions to explain how products are formed, why these are used and the factors that determine pricing.
Metals & Mining Sector – An Opportunity Ahead?
03/04/2020 - The metals & mining sector has been amongst the worst hit sectors amid the recent market volatility relating to the COVID-19 pandemic. This has always been a high beta sector exposed to global consumption, and it has once again proven thus.
If you would like more information or to discuss how coronavirus will affect you or your business, please contact your lead relationship partner in the first instance then:
Advisory & Banking