Theatre Forum Business Planning During a Period of Closure
On March 31st, Theatre Forum reconvened the Emergency Members’ Meeting webinar to continue their ongoing support and bring expert advice to the sector during these difficult times of closure. We must note a special thanks to Theatre Forum and the entire speaking panel for organizing & bringing this session to everyone working at home.
These sessions prove to be invaluable for many in the arts sector during these uncertain times and we must continue to share resources and information to those who need it most.
This session was held in response to the recent introduction of the two government support schemes available for both individuals and employers affected by Covid-19. In our last blog post we briefly introduced these new schemes and so this session gave us the opportunity more about these benefits from the experts.
Some positive news of late has seen the introduction of both the Covid 19 Pandemic Unemployment Payment & the Temporary Wage Subsidy Scheme, although there still remains grey areas and misinformation around these payments.
Theatre Forum invited specialists from UHY Farrelly Dawe White to provide information and answer questions to both individuals and businesses on what schemes are available to them to combat the loss of income & staffing during this pandemic.
Information gathered from Revenue.ie*
COVID-19 Pandemic Unemployment Payment - For individuals
COVID-19 Pandemic Unemployment Payment is a new social welfare payment of €350 a week for employees and self-employed people who have lost employment due to the COVID-19 (coronavirus) pandemic.
This new payment is available for those who have lost their jobs or have been temporarily laid off due to the pandemic. It is also available for self-employed individuals who have stopped trading due to the pandemic.
*This is available on the conditions that individuals were in employment immediately before Friday 13th March 2020.
To qualify for these payments you must have been genuinely made unemployed and not done so voluntarily, unless you’ve taken leave to mind children due to the closure of childcare facilities. Theatre Forum has highlighted a few situations where applications have been refused due to the following reasons:
-
Individuals are not yet unemployed when applying
-
Individuals are still on employers payroll
-
Wrong bank details & PPS numbers on applications
This process is able to be completed online and for revenue’s records you may need a letter from your employer to confirm your unemployment to support your application.
These payments are scheduled to be paid for up to 12 weeks and are paid at a flat rate. If you have a spouse/partner and child dependents you may be eligible for a higher rate of claim on a jobseekers payment so do enquire for your own unique circumstances.
Temporary COVID-19 Wage Subsidy Scheme- For employers
Many businesses are being faced with the stark reality of temporary closure and are being left with no alternatives other than reducing staff hours and laying off staff to reduce cash flow during downtime.
To combat this The Temporary Wage Subsidy Scheme will be available to employers who keep employees on the payroll throughout the COVID-19 pandemic, meaning employers can retain links with employees for when business picks up after the crisis. Losing staff will have huge effects on the sector and rebuilding will be very important to retain and develop relationships with audiences when doors open once again.
Registering for the scheme will allow businesses to retain employees on their payroll and employers will be refunded up to a maximum €410 per qualifying employee a week. This can be used to supplement wages of staff members who have been reduced to fewer working days and will top them up accordingly. It is to be noted employers should not pay more than the usual net weekly wages of an employee and no financial gain should be made from the scheme. In this instant it was advised by FDW to set aside monies for potential overpayments during the scheme that revenue may claw back in due course.
To qualify for this scheme there must be a self-declaration of a decline in turnover exceeding 25%. The advice for assessment is to be careful, make sure you have a case & document everything! Take board meeting minutes, supply budgets, compare performance from this time last year etc. The most important thing is to be consistent with your evaluation and make note of everything during the process. A question came to the panel about cash reserves and eligibility for this scheme and the answer is businesses won’t be refused or expected to dip into reserves to pay staff expenses due to this pandemic.
Employers should note that they should only keep employees on the payroll who are eligible for the scheme. Many part time employees who do little hours may further benefit from the COVID-19 Pandemic Unemployment Payment and would receive larger payments if made unemployed.
Make sure to keep up to date with the latest and keep an eye on Theatre Forums, website and socials. The next meeting will be shortly announced and is worth attending for those looking for any advice or guidance during these uncertain times.
To check out the full webinar for more information & other guest speakers please click here.
Categories
Recent posts
- Networking: Building Your Tribe for Personal and Professional Growth
- Discover the Secrets Behind the Success of the Book of Kells Experience
- Unlock Efficiency and Engagement with Ticketsolve’s Email Automation Features
- Boost Your Fundraising with Ticketsolve’s Upgraded Donation and Gift Aid Features
- RECHARGE 2024 RECAP: Innovation in Product Development
Archive
- November 2024 (2)
- October 2024 (4)
- September 2024 (7)
- August 2024 (5)
- July 2024 (3)
- June 2024 (3)
- May 2024 (4)
- April 2024 (3)
- March 2024 (4)
- February 2024 (5)
- January 2024 (3)
- December 2023 (3)
- November 2023 (4)
- October 2023 (4)
- September 2023 (5)
- August 2023 (3)
- July 2023 (4)
- June 2023 (4)
- May 2023 (5)
- April 2023 (4)
- March 2023 (4)
- February 2023 (5)
- January 2023 (4)
- December 2022 (4)
- November 2022 (3)
- October 2022 (4)
- September 2022 (5)
- August 2022 (2)
- July 2022 (4)
- June 2022 (5)
- May 2022 (4)
- April 2022 (5)
- March 2022 (3)
- February 2022 (4)
- January 2022 (4)
- December 2021 (2)
- November 2021 (3)
- October 2021 (5)
- September 2021 (4)
- August 2021 (4)
- July 2021 (3)
- June 2021 (4)
- May 2021 (2)
- April 2021 (4)
- March 2021 (5)
- February 2021 (4)
- January 2021 (5)
- December 2020 (4)
- November 2020 (4)
- October 2020 (5)
- September 2020 (5)
- August 2020 (4)
- July 2020 (7)
- June 2020 (5)
- May 2020 (5)
- April 2020 (5)
- March 2020 (8)
- February 2020 (4)
- January 2020 (5)
- December 2019 (3)
- November 2019 (5)
- October 2019 (4)
- September 2019 (4)
- August 2019 (5)
- July 2019 (4)
- June 2019 (4)
- May 2019 (5)
- April 2019 (4)
- March 2019 (4)
- February 2019 (3)
- January 2019 (5)
- December 2018 (4)
- November 2018 (8)
- October 2018 (2)
- September 2018 (3)
- August 2018 (5)
- July 2018 (4)
- June 2018 (4)
- May 2018 (1)
- April 2018 (1)
- March 2018 (3)
- February 2018 (2)
- December 2017 (2)
- November 2017 (3)
- October 2017 (4)
- September 2017 (2)
- August 2017 (1)
- July 2017 (5)
- June 2017 (3)
- May 2017 (2)
- April 2017 (3)
- March 2017 (2)
- February 2017 (3)
- January 2017 (3)
- December 2016 (4)
- November 2016 (1)
- September 2016 (1)
- July 2016 (3)
- June 2016 (1)
- May 2016 (2)
- April 2016 (2)
- February 2016 (1)
- January 2016 (3)
- December 2015 (2)
- September 2015 (1)
- August 2015 (2)
- July 2015 (1)
- June 2015 (2)
- May 2015 (2)
- April 2015 (5)
- March 2015 (2)
- February 2015 (2)
- January 2015 (4)
- December 2014 (3)
- November 2014 (3)
- October 2014 (2)
- September 2014 (3)
- August 2014 (3)
- July 2014 (3)
- June 2014 (7)
- May 2014 (6)
- April 2014 (3)
- March 2014 (2)
- February 2014 (1)
- January 2014 (3)
- December 2013 (1)
- August 2013 (1)
- June 2013 (1)
- April 2013 (1)
Sign up for regular updates