Covid-19 is a significant threat to many and we have to play our part in helping to reduce the spread of the virus. Just like you, the wellbeing and safety of our people is our priority and therefore we have taken steps to protect our people and follow public health advice. We know that this will also be a very challenging period for business and we are here to support you and your business through these unprecedented times with our knowledge and experience.
Insights on Covid-19
Covid-19 and Employment Tax
Arising from the severe restrictions being imposed by Governments across the Globe due to the Covid-19 pandemic, Revenue have published guidance (update 31 March 2020) in order to assist employers and employees regarding compliance with certain reporting and filing obligations and the satisfaction of certain other tax related conditions.
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Covid-19 | The Impact on Valuations
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Stock markets around the world are plummeting, with the S&P 500 index falling by over 20% since the start of March. Brian Haugh, Head of BDO Valuation & Financial Modelling Centre, discusses the impact that this is having on valuations.
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ACCA Webinar | BDO's Covid-19 Toolkit for Irish Businesses
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Join ACCA Ireland and Brian McEnery - Corporate Finance Partner & Head of Advisory at BDO Ireland for a special webinar on our new Covid-19 toolkit this Friday, April 03rd. Brian, a former ACCA Global President will lead us through the toolkit and give an insight on how to deal with some challenges businesses are facing now.
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Covid-19 Fiscal and financial measures across the globe
BDO have created a global tool that operates via an interactive map to provide visitors an overview of key measures being introduced by international governments in relation to the Covid-19 pandemic. It is compiled from information provided by BDO Tax and BDO Grant and International Aid specialists, and will continue to be built upon as more information becomes available.
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Key Covid-19 Tax Measures
Following the announcement by An Taoiseach on Thursday 12 March of measures aimed at interrupting the transmission of Covid-19, Revenue announced some key advice and actions taken to assist small and medium enterprise (SME) businesses experiencing cashflow and trading difficulties arising from the impacts of the virus.
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Hiring, Onboarding and Accessing Talent in the Midst of the Covid-19 Crisis
The current business environment caused by the spread of Covid-19 has created numerous difficulties for businesses, however, there are still areas where business hires need to be made and new challenges have arisen in relation to recruitment, hiring and on-boarding.
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Employment Subsidy Scheme
The Revenue Commissioners have today published details of the Temporary Wage Subsidy Scheme to respond to the economic impact of the Covid-19 pandemic. The Scheme is expected to last 12 weeks from 26 March 2020.
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Covid-19 and Corporation Tax
As part of its advice and guidance for taxpayers dealing with a range of difficulties caused by the impacts of the COVID-19 virus, Revenue have published their position on several Corporation Tax matters. For any questions or assistance please contact your usual BDO tax contact or a member of our Tax team.
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New EU Controls on the Export of Personal Protective Equipment
The EU has introduced temporary export controls on the export of Personal Protective Equipment (PPE) such as masks, gloves, gowns and eyewear in order to assist and protect these supplies in the EU. Read more about the new conditions below.
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Covid-19 | Revenue Press Releases 2020
Keep up to date with the latest developments and relevant press releases from The Revenue Commissioners at our "Revenue Press Releases" page. The articles include information on key date changes and updated information on eworking & tax for employers.
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Covid-19 | Cash Flow & Working Capital Management
The Covid-19 global pandemic and resulting economic environment will test businesses in Ireland and the rest of the world. BDO's Corporate Finance team can assist you in preparing a rolling cash flow forecast, reviewing your cash conversion cycles and providing advice on the incremental funding options available during this time.
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Revenue Updated Guidance on eWorking and Tax
Revenue today (20 March 2020) updated their guidance on the tax treatment of e-workers and remote workers (link to the full Revenue guidance here).
Read the updated guidance below.
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Covid-19 Business continuity planning in 5 steps
In an unfolding situation like COVID-19, it can feel very much like bracing yourself for battle with an unknown enemy. How your business will emerge at the end of the day, is not only impacted by global legislative, health, and economic factors, but is also strongly tied to your human response, leadership and scenario planning in the time you have now.
Covid-19: Cybersecurity Recommendations
With the spread of COVID-19, increased demands for information technology (IT) support services are occurring across nearly all industries as more people are being asked or required to work or study remotely from their homes. As a result, your business may be vulnerable to potential cyber threats. Read our cybersecurity recommendations which are applicable to all industries.
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Employer COVID-19 Refund Scheme
In order to provide rapid income support to those employees who have suffered a loss of income due to being laid off as a result of the COVID-19 epidemic, the Revenue Commissioners have announced details of the Employer COVID-19 Refund Scheme.
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Covid-19 Business Toolkit