COVID-19: Temporary Cash Flow Issues
Monday, 16 March 2020
Is your business suffering temporary cash flow issues which may impact your ability to make tax payments to Revenue / make loan repayments etc.? If so, we can help.
Our COVID-19 Advisory Group is actively engaging with clients, in particular those who have experienced a sudden impact on their finances and cash flow to assist and advise on potential mitigation strategies including:
- Revenue guidelines regarding ongoing tax returns and payments;
- Employment payments assistance from Government;
- Banking initiatives and suggested protocols to follow in working with your bank where additional working capital finance may be required during this uncertain period; and
- Enterprise Ireland initiatives to assist businesses facing difficulties as a result of these measures and COVID-19 impacts generally.
If you have any such concerns please contact member of our Tax Team or Mark Kavanagh (Banking & Finance), or any member of the ByrneWallace COVID-19 Advisory Group.
Please note that the content of this summary does not amount to professional advice. Legal and tax advice should be sought in respect of specific queries. The COVID-19 situation is evolving rapidly and this update is provided on the basis of information available as at 16 March 2020.
