The Minister for Finance announced a new 'Jobs Plus' Initiative in his 2013 Action Plan for Jobs. It is envisaged that the existing PRSI scheme and Revenue Tax Assist schemes will be replaced by the 'Jobs Plus' Initiative in a bid to simplify arrangements for employers and thereby boost the uptake for the initiative. A key benefit of the new Initiative is that it aims to provide an immediate cash-flow benefit for the employer. To that end it is proposed that the new incentive will be set at a fixed amount payable (monthly in arrears) to the employer over two years as follows; • In respect of recruits unemployed for more than 12 but less than 24 months - €7,500 • In respect of recruits unemployed for more than 24 months - €10,000 It is expected that the new scheme will be launched at the end of June 2013. For more information you can also check the following article: Employers will get €10,000 for taking workers off the dole Do you have any questions? Feel free to contact Paul on +353 (0) 1 677 9000 or by email for a complimentary confidential consultation. Paul Leonard is a Partner at Cooney Carey. Paul has 20+ years of experience working as a business adviser and his areas of expertise are: audit, forensic accountant in investigations and a range of legal cases including family law matters, bank negotiations, business re-structuring, company valuations and dispute resolution. His qualifications include being a Fellow of the Institute of Chartered Accountants in Ireland, a Chartered Management Consultant, a qualified Forensic Accountant and an Accredited Mediator.