CPA Ireland has called for greater clarity and support for SMEs in Ireland's post-Covid-19 recovery.
The accountancy body, whose members advise over 100,000 of the country’s small and medium businesses, has called for an action plan to be prioritised by Government.
CPA Ireland members identified several priorities for SMEs in a recent survey, which include the extension of the Temporary Wage Subsidy Scheme to September 2020, moving the Revenue Pay and File deadline to later in the year and targeted tax measures to support those industries most impacted by Covid-19.
The survey found that 78% of CPA Ireland members believed that further initiatives will be required by government to sustain businesses in the long term, just half of the respondents said that the current supports already being provided are sufficient.
Gearóid O’Driscoll, President of CPA Ireland, reiterated the call for a clear plan.
"There are many measures that have been put in place, all of them well intended. What we need now though is a clear short, medium- and long-term plan that will deliver an all of Government and all of society approach to getting our SMEs back to stability. We hope the new Government will heed this call and as the advisers to the 100,000 SMEs that CPAs support, our membership will actively work with Government to aid the recovery of the economy," he said.