Covid-19

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Childcare Services Relief

What is Childcare Services Relief?

The Childcare Services Relief provides an exemption from income tax to taxpayers who provide childminding services in their own home.

Covid-19 Temporary Measure Introduced

Due to Covid-19, this has now been temporary amended due to the stay at home measures. Childminding should now only take place in the child’s home and therefore an individual minding children in the children’s own home will still qualify for the Childcare Service Relief. The childcare must be provided in accordance with official guidance, specifically, childcare is allowed in the home of the child for the children of essential workers.  This temporary measure will be reviewed once further guidance is available from the HSE.

Nature of Services that qualify

To qualify for the relief, an individual provides any form of childminding services to children under 18 years of age, on a full or part time basis and are provided to 3 children or less.

Exemption Limit

Childminding activity must not exceed €15,000 within the tax year in order for the exemption to apply for Income Tax and USC. However, PRSI is chargeable on this income.

How do I claim?

Tax relief must be claimed through your tax return for the relevant tax year before the tax return deadline.

While you are here, Read more of our Covid-19 updates here

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Restart Grant for small businesses

The Government recently approved a new Restart Grant to financially support small businesses with costs of re-opening and re-employing employees due to Covid-19.

How do we qualify?

To avail of this grant, companies must;

  • Have 50 employees or less and a turnover of less that €5million
  • have had/will have at least a 25% reduction in turnover or closed due to Covid-19
  • intend on retaining employees through the Temporary Wage Subsidy Scheme and to re-employ staff on the Pandemic Unemployment Payment where applicable

How much is available?

The grants available are equivalent to the company’s rates bill for 2019, minimum payment of €2,000 up to a maximum of €10,000. A company must be included in the Local Authorities Commercial Rates Payment System. It can be used for replenishing stock, ongoing fixed costs and for measures to ensure employee and customer safety.

How do we apply?

Applications can be made online through your locally authority from 22nd May. In reference to the National Roadmap, processing of applications will be prioritised based on these phases.

While you are here, Read more of our Covid-19 updates here

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Covid-19 Business Continuity Voucher

As of 8th April, the government made a number of business supports available, due to the economic impact of Covid-19. One of these supports is the Business Continuity Voucher.

This is available for all business sectors that have up to 50 employees. Its purpose is to provide funds to companies and sole traders of up to €2,500 for consultancy fees to help develop strategies and implement measures for the future in response to Covid-19.

An application can be made for this voucher, through your Local Enterprise Office, and once successful, a qualified consultant will be selected by them to assist you with your business continuity plans or you may appoint your own consultant, such as an accountant or business advisor to receive the payment.

You can download this application form from www.localenterprise.ie

While you are here, Read more of our Covid-19 update blogs here

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Covid-19 Trading Online Voucher

As of 8th April, the government made a number of business supports available, due to the economic impact of Covid-19. One of these supports is the Trading Online Voucher.

Does my business qualify?

This is available for all business sectors that have;

  • up to 10 employees
  • have little or no online presence
  • turnover is less than €2m
  • Trading for at least 6 months

Its purpose is to assist companies with the process to trade more online. This will enable these companies to increase sales and reach new clients/customers due to the impact of Covid-19.

What financial support is available?

Financial support of up to €2,500 with 10% funding from company is available for training and advice to help your business trade online.

What can we use vouchers for?

Vouchers can be used towards IT consultation;

  • Development/Upgrade of website
  • Implementation of online payment facilities and/or booking systems
  • Software
  • App development
  • Developing & Implementing marketing strategies
  • Training
  • Costs associated with online retail platforms subscriptions
  • Online Advertising costs (conditions apply)
  • Professional Photography (conditions apply)

Businesses that have already applied for the Trading Online Voucher, can apply for a second voucher if upgrades are required.

An application can be made for this voucher, through www.localenterprise.ie

While you are here, Read more of our Covid-19 update blogs here

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