Keeping fully on top of so much detail, with the measures under constant review, and potentially changing again in a few weeks, could be quite overwhelming for many firms, consuming a huge amount of time and resources.
Some of the complications and common challenges already encountered include:
Employee contracts: Furlough leave calculations can vary significantly when dealing with full-time employees, varied weekly hours and zero-hour contracts.
Deductions: When calculating furlough payments, you must consider National Insurance pro-rata payments and Employer Pension Contributions.
How can IRIS help?
IRIS has launched the new Furlough Assistance Service because we understand the pressure furloughing has placed on businesses. This can help with training and guidance on a one-to-one basis, so you can stay updated with the most recent information and changes.
In addition to the training, we can also build custom reports to help quickly calculate furlough payments on an ongoing basis and support with filing claims via the HMRC portal.
For more information and to book an appointment click here.