TaxAssist Accountants are backing a new initiative to help recover the small business sector.
The National SME Recovery Plan was developed in coordination with business representative groups, business advisors, accountants and small businesses themselves to lobby for investment in business supports for SMEs.
The initiative is chaired by John Moran, former secretary general of the Department of Finance, and its steering group includes Neil McDonnell, CEO of ISME, Ruth Andrews, Chairperson of the Irish Tourist Industry Confederation, Adrian Cummins, CEO of the Restaurants Association of Ireland amongst others.
SMEs are vital to our social fabric accounting for 99.8% of total active enterprises in Ireland and 65% of total employees.
Commenting on the project, Michael Scanlan, Technical Manager at TaxAssist Accountants said “apart from the Temporary Wage Subsidy Scheme the take up on many government support schemes is particularly low and SMEs are beginning to really feel the effect on their cash flow. Our government need to implement a plan for more accessible and inexpensive liquidity to small businesses if they are to recover.”
The National SME Recovery Plan focuses on the key policy interventions that are required to stabilise and recapitalise the small business sector so that employment and economic activity can be restored.
Date published 18 Jun 2020 | Last updated 18 Jun 2020
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