Bookkeeping Bites – Top Tips for Furlough Claims

Making a claim for your furloughed workers?

Then please take heed of these top tips….

🤓 Before you make a claim, make sure you are up to date on Big G’s the latest guidance. Now, Jane Austen it ain’t, but it is ESSENTIAL reading… You can find the latest guidance here:

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme?fbclid=IwAR33P-1MoNPfdiDmyf-eHxynTzyMwQvwgmNX7EpgM-VOvh5mMSOiU1o4DEg

🤓BEFORE you do the calculations for your claim, take a look through Big G’s handy (but not short 🙈) step by step guide…. You can find this here:

https://www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job-retention-scheme?fbclid=IwAR1fZMB1c55H4GtAM6hCkDwzy0lLJR-xJZ6Rkq3rjngCcAzuMLzqDMAkeHA

🤓 Do you claim calculations BEFORE you start your claim, and use Big G’s online calculator to do this.. You can find this here:

https://www.tax.service.gov.uk/job-retention-scheme-calculator/?_ga=2.132025292.278243306.1587368225-2132310016.1584633863&fbclid=IwAR3uWXrRcjOJU2Pbjc4oxcmKZJzocp-NSzPxySyQUlzu2f3mrS6o4rhL3kM

🤓The ONLY way to claim is by using Big G’s online claim portal – the link to this can be found here:

https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme?fbclid=IwAR3Jxp-sc6aXkZ8wgHO4F2pWiZkHVZsqvPmNpK4Pi_ag7-0KpiAC3ro-0ts

🤓 When you arrive at the final calculation for your claim, take a screen shot as evidence for the calculation and keep this in a safe place

🤓 Once you have made your claim KEEP A SCREEN SHOT of your CLAIM REFERENCE NUMBER……. Once the claim is done, that is is, no email or SMS, so WRITE IT DOWN!

🤓 CASH FLOW PLAN for a 6 day turn around on all claims made………….. So, If you want to receive a payout in time for your 30th April pay day, you need to have made a claim by 22nd APRIL…. That is TOMORROW folks!

🤓 FINAL TIP – keep calm, give yourself time to process and understand…. All feedback says the claim system is coping well and it doesn’t take long.

🤓🤓🤓🤓🤓🤓🤓 GOOD LUCK! 🤓🤓🤓🤓🤓🤓🤓

Stay safe people, stay home, save lives 🤩🤩🤩