Publications & Insights COVID-19: Temporary Cash Flow Issues
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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.