Covid-19 Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment
Since the outbreak of the Covid-19 pandemic, the government has introduced various measures to support individuals and businesses who have lost their income due to the current crisis. Among these measures is a Covid-19 Temporary Wage Subsidy Scheme (TWSS) to support employers so that they can retain their employees and a Covid-19 Pandemic Unemployment Payment […]
Practical tax tips from ifac to help businesses with cashflow difficulties
The unprecedented circumstances currently facing businesses makes it more important than ever to carefully manage your tax affairs. Set out below are practical tax tips to optimise cashflow during the Covid-19 crisis by Declan McEvoy, Head of Tax at ifac. . Corporation Tax/Income Tax When calculating your preliminary tax, this can be based on 90% of your […]
Ifac encourages Offaly farming parents to face up to cost of third level education
Current estimated financial burden at €40k per student Ifac, the farming, food and agribusiness professional services firm, is urging farming parents in Offaly to take steps now to save for their children’s third level education costs. The estimated cost per year is around €10k per student. This is made up of a mandatory student contribution […]
Ifac urging Farmers not to miss the Basic Payment (BPS) Scheme Deadline
Ifac, the farming, food and agribusiness professional services firm, are reminding farmers not to miss the 15th May Basic Payment Scheme (BPS) deadline. This is the deadline for farmers to declare to the Department of Agriculture the land they are farming in the year 2019 in order to receive their BPS monies later in the year. […]
Ifac are urging Offaly Farmers to be aware of The Employment (miscellaneous Provisions) Act 2018
The Employment (Miscellaneous Provisions) Act 2018 has come into force and farmers should be aware of the changes and what it means to how you manage your employees. The act delivers the Government’s commitment to strengthen rights for vulnerable workers and to increase the regulation around irregular employment contracts. If you are a farmer […]
Ifac are Urging Farmers to Prepare for PAYE Changes
Changes are coming to how farmers manage their employees PAYE. James Farrell, partner at Ifac’s Offaly office takes a look at what this means and how you should prepare in advance of the 1st of January If you are a farmer with employee’s or even one employee your PAYE system is going to get a […]
Ifac welcomes reintroduction of the Organic Farming Scheme
ifac, the farming, food and agribusiness professional services firm, have welcomed the announcement that the Organic Farming Scheme (OFS) had reopened. The OFS is a scheme under Ireland’s Rural Development Programme 2014-2020 to support organic production on Irish farms. The Organic Farming Scheme is a measure rolled out by the Department of Agriculture under the […]
IFAC calls for issues to be addressed urgently or it could cost young farmers thousands in lost relief
Ifac, the professional services firm for the Irish farming, food and Agri business sectors today called on changes to be made to the draft Finance Bill 2018. The Bill, as currently drafted, contains provisions that would be devastating for young farmers if not addressed before the bill becomes law. The issues are as follows: Currently a lifetime ceiling of […]
Farmers Tax Deadline Approaching
Ifac, the farming, food and agribusiness professional services firm (ifac.ie), reminds farmers that one of the most important deadline dates of the year is fast approaching – the pay and file deadline for online tax returns is Wednesday 14th November. James Farrell, Partner in ifac’s Offaly office said, “It is extremely important to ensure you are not […]
IFAC call on Minister Creed to convene emergency meeting of lenders
The accountancy and financial advisory firm ifac (www.ifac.ie) today called on the Minister for Agriculture, Food and the Marine, Michael Creed T.D. to immediately convene a meeting of lenders to seek reassurance that there are appropriate credit facilities available to farmers over the coming months as the farming sector faces the prospect of a very […]
