Bookkeeping Bites – Big-G’s Big 30!

If you are self-employed and are aiming to claim the 5th SEISS grant…. πŸ’₯ Do you know about this big 3-0? πŸ’₯

The big 3-0 is Big-G’s ☠️ backbone ☠️ in the the new turnover test for the 5th Self-Employed Income Support Scheme (SEISS)….

❓What does it mean ❓

πŸ€“ Basically, Big-G wants to know if your πŸ’·πŸ’· turnover πŸ’·πŸ’· has ⏬ reduced ⏬by 30% or more…..

❓”30% between what and when?” ❓ We hear you πŸŽ™holla πŸŽ™

Well, its kinda simples……

πŸ€“ Has your turnover reduced by 30% or more between…


πŸ€“ The 12-month period starting on any date between the 1st and 6th of April 2020


πŸ€“ The turnover figure from the 2019/20 tax return (with an option to use the 2018/19 tax return of the 2019/20 year was not a normal year of business)

πŸ€“ The portal for claims opens later this month – but make sure you πŸ’₯ know your 30 πŸ’₯ before you apply!

For more information, check out Big G’s guidance here:

And for industry insight you can check out…

πŸ’₯ AccountingWeb’s πŸ’₯ article here

Or πŸ’₯ The Institute of Chartered Accountants in England and Wales’s (ICAEW)πŸ’₯ article here

😍😍😍Stay safe everyone 😍😍😍