Bookkeeping Bites – Fancy a Big G Bonus?

Fancy a bonus? Yeah? Its a Job Retention Bonus to be precise, worth a thousand quid… Not to be sniffed at, non?

So….

WHAT is it all about ? 

💥 A one-off payment from Big G to EMPLOYERS that have used the furlough scheme

WILL ALL employers be able to get it? 

Nope. Unlikely. It is ONLY available to EMPLOYERS who have employees that:

💥 Earn at least £520 a month ON AVERAGE for November, December 2020 and January 2021

💥 Were furloughed and LEGITIMATELY claimed under the furlough scheme

💥 Are continuously employed until at least 31st January 2021

HOW will employers get their MITTS ON THE DOSH? 

💥Through a CLAIM to Big G from FEBRUARY 2021

BUT! Be warned, this is reliant on ACCURATE Real Time Information (RTI – the thing that happens when you tell Big G who you have 💷paid 💷, and what you have 💷 paid 💷them) being received on the 31st January 2021.

🤓 What do you think?
🤓 A good idea?
🤓 Will you be eligible?

Would love to hear your thoughts.

Stay safe everyone, we love ya! 😍😍😍