When a self employed person is assessing whether they have been adversely affected by Covid then is this before or after the various grants?
A client (partnership with two partners) has been forced to close. They have furloughed staff (at 100% and received 80%) and as a hospitality business has also received a £25k grant. They say their turnover has not gone down as they are delivering (but their margins are very small as using Deliveroo etc) and, due to the grants, their profit is not yet down.
They don't think they have been adversely affected for the purposes of the SEISS claim but have asked for my advice. What would other advisers do - would you just leave the decision to the client? I may wait until we have the end of May figures but do I take out the grants to see if profits are down?
It would be hard to argue that a business forced to close due to Covid is not adversely affected but, while it is nice to have a moral client, I don't want to be the decision maker here.