Bookkeeping Bites – The New Furlough Whizz!

πŸ™„Kinda feels like repeat, repeat, repeat… 😳Banging on about furlough again…. ❗️BUT❗️Did you know that in the Budget 2021 there was a πŸ’Žsparkly πŸ’Žbit added to furlough?

πŸ€“ Here goes…… For claim periods from 1st May onwards, employees who were employed on
πŸ’₯2nd MARCH 2021 πŸ’₯can now be furloughed? (The latest was previously 30th October)
πŸ’₯ They just HAVE to have been on a Real Time Information (RTI) submission between 20th March 2020 and the 2nd March 2021…
βœ…Pretty good huh?βœ…
πŸ€“ Don’t forget the claim amounts are changing too, to get us ready for when furlough is ⚰️ no more ⚰️….
πŸ’₯ 70% claim for JULY
πŸ’₯ 60% claim for AUGUST and SEPTEMBER
πŸ’₯ With employers expected to make wages up to at least 80%
Accounting tips – always looking for the bits and bobs to help
😍😍 Stay safe everyone 😍😍😍