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TEMPORARY WAGE SUBSIDY SCHEME (TWSS) RECONCILIATION

24/5/2021

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TWSS operated from 26 March to 31 August 2020.
Revenue are currently providing a reconciliation to all employers. It will ensure that there is an accurate reconciliation between the:
  • subsidy amounts paid by Revenue to employers
and
  • subsidy amounts that were properly payable to employers for relevant employees and paid to those employees.

Where Revenue has paid an employer a temporary wage subsidy in relation to a specified employee, and the employer did not pay that employee an additional amount equivalent to the temporary wage subsidy, or the employer was not entitled to receive a subsidy in respect of an employee, the employer is obliged to refund the subsidy.

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Currency Risk Management in COVID Times

21/5/2021

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Today we are living in VUCA world and have been for quite some time – volatility , uncertainty , complexity and ambiguity is the norm as a result of the pandemic.

​Everything in the financial markets is relative. Growth potential, rates of return and safety are all considerations which urge capital to flow to one region or asset class over another according to prevailing conditions in the markets. Given its ubiquity, the US Dollar often finds itself a bridge to these shifting winds - for better and worse. Through the opening quarter of 2021, there were significant changes in focus from an incredible charge in retail appetite to anticipation for reopening economies after mass vaccinations to burgeoning inflation expectations that have fed into central bank normalization hopes/fears.

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REMINDER: CHANGE TO PARENTAL LEAVE IN IRELAND

10/5/2021

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It was announced in Budget 2021 that Parents Leave will be increased from 2 weeks to 5 weeks per parent in respect of children born on or after 1st of November 2019. The period during which this leave can be taken has been extended from 12 months to 24 months so it can be taken up to a child’s second birthday or within two years following adoption. This measure will be available from April 2021.
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