IRISH ACCOUNTANTS FEAR GOVERNMENT COVID-19 STIMULUS MAY BE INSUFFICIENT TO HEAD OFF INSOLVENCIES
August 2nd, 2020
With the Irish economy facing an uncertain 20200 final quarter, accountants are agreed that the government’s wage subsidy scheme has helped keep many clients afloat during the Covid-19 crisis. But they worry a revised version of the scheme applied from September may not be enough for some companies.
The “vast majority of our clients have availed of the ‘Temporary Wage Subsidy Scheme’ which is being replaced by ‘Employment Wage Subsidy Scheme’ which runs from September 1 to March 2021,” explained Colm Sheehan, associate director for corporate ...
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