News & Insights
Stay up to date with the latest news and updates from MC2 Accountants. From industry insights and regulatory changes to company announcements and events, our news section provides you wit the information you need to stay informed. Follow us to stay abreast of the latest developments in the accounting and financial world.
Employment Wage Subsidy Scheme to replace Temporary Wage Subsidy Scheme
On 23 July 2020, the Government announced that the Employer Wage Subsidy Scheme (EWSS) will replace the Temporary Wage Subsidy Scheme (TWSS) from 1 September 2020 and is expected to continue until 31 March 2021. In addition to having tax clearance for the duration of...
Revenue Checks Compliance of the Temporary Wage Subsidy Scheme
Revenue are currently undertaking compliance checks on all employers that have accessed the Temporary Wage Subsidy Scheme (TWSS). Here’s what to expect from these compliance checks.
MC2 on the ball for Cork ARC
MC2 Accountants presented a cheque for €2,250 to Cork ARC Cancer Support House on the back of their sponsorship of The Blarney 5’s, a five-a-side soccer tournament. More than 40 teams, comprised of local businesses, participated in the soccer tournament which took place on the Green in Blarney.
Temporary Wage Subsidy Scheme-Recent Amendments
Phase 2 (Operational Phase) On 15 April 2020, Minister Donohue announced further updates to the Temporary Wage Subsidy Scheme (TWSS). These changes will come into effect no sooner than 5 May 2020. The position for employees with an average net weekly pay (ANWP) of...
Budget 2020
Provided below is a Financial Statement of the 8th October 2019 Budget. This commentary is published by Chartered Accountants Ireland as a service to Chartered Accountants.
Capital Gains Tax Deadline- 15 December 2019
Voluntary Pay Related Social Insurance (PRSI) Contributions
Paying social insurance can help you qualify for social insurance payments, such as the State Pension (Contributory). If you are an employee Pay Related Social Insurance (PRSI) deductions are made from your earnings each week. If you are no longer an employee or if...
Important information regarding Covid-19
Covid-19 At MC2 Accountants, we are closely monitoring the situation and adherence to the Government guidelines, where possible, we have activated our remote working policy, so we can continue to provide all our services to you with minimal disruption. Currently, we...
Employer COVID-19 Refund Scheme
On March 15th the Department of Employment Affairs and Social Protection encouraged employers to retain employees where possible and set up a refund scheme for employers to pay staff €203 weekly for each worker who would otherwise be laid off. Revenue has worked...