Bookkeeping Bites – Its Christmas Party Time!

OK, so this ain’t Big G taking you out for a night on the tiles with 🍾🍾free fizz 🍾🍾and nosh….

💥 BUT! 💥 Big G have come clean on what companies can do this year, in this crazy Corona pandemic for their 🎄🎄CHRISTMAS 🎄🎊🎊 🎄 PARTY 🎄🎄

Take a look at this blog below from our esteemed colleagues at https://www.onthespottax.co.uk/ for more information…

https://www.onthespottax.co.uk/blog/entry/2020/11/25/let-the-taxman-contribute-to-your-virtual-christmas-party

🧐 Now where did I put that Christmas jumper? 🧐

Stay safe everyone 😍😍😍

Bookkeeping Bites – Don’t Miss the Furlough Deadline!

❗️❗️Don’t miss ❗️❗️ the deadline peeps! 💥 30th November💥 IS IT…!

🙈 “You are kidding me, right? ANOTHER deadline? What the shocking-hell for?”🙈

Furlough claims! That is what! And it is for ALL furlough claims to the 💥 31st October 2020💥

🤓 They must be submitted to Big G by the 30th November (ermmm, that is NEXT MONDAY by the way!)

You will see this in the OPENING LINES of Big G’s guidance:

https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme

😍😍 Stay safe everyone 😍😍

Bookkeeping Bites – What Furlough Ain’t

It is always worth reading the SMALL PRINT…….. And furlough ain’t no different…. Check this out:

✳️“If you cannot maintain your workforce because your operations have been affected by coronavirus (COVID-19), you can furlough employees……..”✳️

This is the OPENING LINE on the updated furlough guidance from Big G.

What does it mean? Does it mean…..

🤓 “We are busier than ever and sales are through the roof – but I still want to take advantage of the furlough scheme. Other staff still here can take the flack and just work a bit harder”

Errrrrrrr. NO.

🤓 “I am gonna put my staff on furlough, so I can make a claim, but then, like, not put them on furlough and ask them to work from home”

Errrrr, are you CRAZY? No!

It means – if you 💥 cannot pay your staff 💥 because your business is 💥stuffed 💥because of 💥 Corona Virus 💥you can furlough your employees.

Simples, no?

And a little fit further down in the guidance, what else is Big G sayin’?

Oh yeah 💥 HMRC will check claims’💥

For the full guidance, click here:

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

You have been warned. Stay safe everyone 😍😍😍

Bookkeeping Bites – Self-Employed? Read This!

🐎🐎🐎 Woah!! 🐎🐎🐎 This MAY not apply to you… BUT!!

🤓 Are you SELF-EMPLOYED?

🤓 Has Big G contacted you to ask whether your business is closed or has permanently stopped trading?

💥 The deadline is TODAY (Friday the 20th November) for you to respond!!💥

If you WERE emailed, and you haven’t replied, Big G will BLOCK the Self-Employed Income Support Scheme grants…

This is 💥 MEGA 💥 peeps so make sure, if you are self-employed, you CHECK!

💥💥Check your JUNK FOLDER box!! 💥💥

For more details on HOW, WHAT WHEN, check out this article from our good compdres at AccountingWEB:

https://www.accountingweb.co.uk/tax/business-tax/hmrc-to-block-seiss-grants-where-no-reply

Stay safe everyone 😍😍😍

Bookkeeping Bites – Lockdown#2 Grants

Big G’s Corona’s Support not ⚔️ cutting it ⚔️for you? Feel like you need to get a bit more 💥 grant 💥 for your grunt?

🤓 Then check out this useful article showing all of the GRANTS out there during Lockdown#2 🤓

https://www.enterprisenation.com/learn-something/government-business-grants-second-england-lockdown/

👍 Good peeps 👍at http://www.enterprisenation.com so a good idea to pop over there and have a good gander.

Stay safe everyone 😍😍

Bookkeeping Bites – Ditch the Crazy, Know the Facts!

Feeling very 💜💙 blessed 💙💜over the last 2️⃣ weeks, to have the opportunity to be a guest blog 🖋✒️writer ✒️🖋for Jude Wharton and her fantastic business Ready Steady Websites (https://readysteadywebsites.com/
This week it is all about ditching the crazy shizzle about starting a business and focusing on the cold hard FACTS!
Why not take a read?
We hope you enjoy, stay safe everyone 😍😍😍

Bookkeeping Bites – Big G’s Furlough Doors Are Open!

🎙Doors Opening🎙 That is Big G’s doors by the way – opening 💥 TODAY 💥 for furlough claims from the 1st November…

That is just ONE fact gleaned from the new Corona Virus Job Retention Scheme (CJRS – furlouhgh to you and I) guidance released last night…

What are the other 💎gems💎?

🤓 Employers can claim 80% of an employees hours NOT WORKED, to a cap of £2500 per employee

🤓 Employers and employees do 💥 NOT 💥 have to have used the furlough scheme before the 1st of November

💥BUT💥

🤓 Employers MUST have made a Real Time Information (RTI) payroll submission for the furloughed employee between the

💥 20th March 2020 and the 30th October 2020 💥

🤓 NEW DEADLINES for submitting claims… 🔎 WATCH 🔎out on this one!!

Claims MUST BE SUBMITTED within

✳️14✳️ days of the claim period end… Sooooooo…

💥 Claim period of: 1st November to 30th November 💥

💥 Claim submitted by: 14th December 💥

🤓 Job Retention Bonus – POSTPONED!

🤓 Job Support Scheme – POSTPONED!

🤞🤞 Don’t forget 🤞🤞 ALL claims for furlough periods up to 31st October MUST be submitted by the 💥 30th November 💥

And it Big G’s very own words “We will be checking claims” so be warned!! We believe ya HMRC.

Useful stuff:

🤓 Extension of the CJRS policy paper:

https://www.gov.uk/government/publications/extension-to-the-coronavirus-job-retention-scheme/extension-of-the-coronavirus-job-retention-scheme

🤓 CJRS most recent guidance:

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

🤓 ‘Steps to take before making a claim most recent guidance:

https://www.gov.uk/guidance/steps-to-take-before-calculating-your-claim-using-the-coronavirus-job-retention-scheme

This ain’t over yet, corona support continues!

😍😍😍 Stay safe everyone 😍😍😍

(Photo by Viktor Forgacs on https://unsplash.com/)

Bookkeeping Bites – Why So Quiet?

I know, it is pretty unusual for us to be so🤫 QUIET 🤫about Big G and their deep pockets…. How come? Guidance! That is what!

We are still waiting on guidance to be issued on the NEW 💥 Furlough 💥 and the new 💥 Self-Employed 💥 support…..

Big G is saying it will be with us TOMORROW (Tuesday the 10th)

So, 🤔 what DO we know? 🤔

🤓 80 is the new ’55’ and the new ‘no more furlough’ where both the self-employed and employers will be able to claim values of 80%

🤓 31st March is the new finish date for the furlough scheme

🤓11th November is the next claim date for the self-employed

Once we have received the guidance, read it, discussed it and then understood it, we will up date…

Until then, we will hold our tongues!!

😍 Stay safe everyone 😍

(Photo by Kristina Flour on https://unsplash.com/)

Bookkeeping Bites – Furlough U-Turn!

Furlough is BACK! Well, it never really went away to be honest…… Perhaps it missed us too much?

It is a 🌪WHIRLWIND 🌪of change in the C-Dawg world of support…..

Big G is yet to 🥊WHACK 🥊us with the full guidance (5pm Friday seems to be Big G’s most favoured time for release 🙈🙈🙈)….

In the meantime, why not take a 💊trusty-tonic💊 in the form of this update from our esteemed colleagues at On The Spot

https://www.onthespottax.co.uk/blog/entry/2020/11/01/coronavirus-remember-remember-the-5th-november

Until we know more 😈DETAIL 😈 stay safe everyone 😍😍😍

Photo by Jim Wilson on https://unsplash.com/