The day has finallydawned. I have done my last Furlough claim. I may be cynical that some other "scheme" may raise its ugly head but at least for now l I have "normal" payroll runs.
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Submitted my last one on Monday. The relief was tangible.
Went on for far too long and should have been sector specific since March.
We obviously could not carry on with furlough s however the doom mongers are predicting massive redundancies.Mind you there are a lot of staff shortages out there to keep the unfortunate s in some sort of employment.
And you don’t hear of anyone clapping for practising accountants who have knocked themselves out - some for little or no extra fees - to support businesses through the whole thing.
HMRC buildings.
Oh no, bad idea, no one ever visits them any more, staff too busy at home.
The accountants truly are the real heroes. Suggest we all grab the nearest Le Creuset and take to our doorsteps at 8pm sharp to congratulate ourselves on our marvellous contribution in these darkest of times. I would ask the neighbours to join me, but my voice is quite muffled due to my head being so far up my own backside. I'm not sure that they'd understand.
Ended for me last July (2020) when I left old job and moved to new one, which doesn't include payroll (we have a separate team for that).
I got rid of my last one a month ago, but am very relieved indeed to never again do one of those.
Whilst we're all glad the CJRS has ceased don't forget that some businesses will go to the wall and they could be a client of yours which may affect you in the short term.
If CJRS is the only thing keeping a company alive then the company is in severe decline.
Better to lend money to companies that can indeed be epected to survive.
But this time with guarantees
If investor not prepared to take a risk, why should I (a tax payer) be expected to take all the risk
Exactly. Most of the furlough claims I was processing since early this year have been either:-
Businesses in trouble before covid
Directors choosing when to work (despite their claim otherwise)
@Adam, quite.
my business run by competent people who have been stuffed by Covid (and one had their entire business model curtailed overnight) had all reinvented themselves.
My clients who have rubbish businesses or have simply chosen not to work have claimed.
Yay indeed! Just opened a bottle of pink fizz to celebrate the last furlough claim.
(Whilst I realise this might be a difficult time for some businesses, our clients had greatly reduced their reliance on the scheme and should be ok going forward.)
So enjoying the feeling of relief.
Just submitted my last one, and a quick tot up was in excess of £187,000 over 10 payrolls encompassing 36 employees, the majority of whom would have been been made redundant. Instead they are all still employed in viable businesses.
Unlike others, I have charged for it. At the very beginning, I said to every client that I would have to charge, but I didn't know how much, but would not submit an invoice until they were back at work. Ended up charging 50% of the payroll cost (even though it took me twice as long as running the payroll!). All clients seemed very grateful and no-one quibbled over my charges. I have hated every minute of it, and will have a celebratory drink tonight :-)
Fortnightly run clients (220 employees across 2 schemes). Last fortnight processed was 30/9, for hours to 23/9. Next would have been 14/10, for hours to 7/10. Error! Not enough time to claim by 14th. So we processing (without sending RTI) half the fortnight (hours up to 30/9) on 7/10 and then locking those figures to add to the processing of the actual fortnight (hours to 7/10) on 14/10.
Above is the scheme taking the pee right to the bitter end.
Then September monthlies for the same PAYE schemes (30 employees).
Then remaining clients.
Total 8 claims remaining to file, including above.
Total calculated, processed and claimed across all schemes already in excess of £1.5m. It's been a long, lonely 1.5 years.
Glad I'm not the only one. Administering CJRS claims has been the biggest pain in the **** of my career - especially those wonderful (?!) calculations early on to reclaim NI and pension costs.....
Just as well HMRC recognised all the extra work this (and all the other Covid reliefs/grants/loans) entailed and gave us so many extensions to their normal deadlines on so many other aspects of taxation without introducing any more new systems and deadlines....LOL!