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"Is it true that the minimum time you can be furloughed is 3 week ? " Yes. You can then go back to work and be furloughed again if your employer is using a rotational system but it’s 3 weeks minimum in both cases | |||
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"I think furlough is good for employees given the current situation. What I'm curious about is do you get anything as a business? Any financial support from the government to get through the hard time or is the possibility to furlough your staff is all you get?" That is a difficult one. I've furloughed all my staff from 1st April (only have 4). So they will be on 80% of their wages and I'm on nothing! I've sent my bank details to the local council for the small business grant that are available but there is a chance I may not qualify and it will take a couple of weeks to organise. I've applied for the small business loan scheme but even there is no guarantee that I qualify, even though the PR says its for all business and that scheme isn't up and running yet anyway. Plus the money for business owners won't be available until at least June! So the staff may survive financially but I might not. Therefore there won't be a business to come back to. I don't understand why no one has thought of that? | |||
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" That is a difficult one. I've furloughed all my staff from 1st April (only have 4). So they will be on 80% of their wages and I'm on nothing! I've sent my bank details to the local council for the small business grant that are available but there is a chance I may not qualify and it will take a couple of weeks to organise. I've applied for the small business loan scheme but even there is no guarantee that I qualify, even though the PR says its for all business and that scheme isn't up and running yet anyway. Plus the money for business owners won't be available until at least June! So the staff may survive financially but I might not. Therefore there won't be a business to come back to. I don't understand why no one has thought of that? " A HMRC representative told the CBI last week that under the updated rules given last Thursday that if you are a company director you can furlough yourself for your day to day role (your employment), yet continue as a company director (as employer). Obviously, most company directors are on a low PAYE wage but pay themselves larger dividends so they would only be entitled to 80% of their lower wage. | |||
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"Is it true that the minimum time you can be furloughed is 3 week ? " Yes that is the minimum time | |||
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" That is a difficult one. I've furloughed all my staff from 1st April (only have 4). So they will be on 80% of their wages and I'm on nothing! I've sent my bank details to the local council for the small business grant that are available but there is a chance I may not qualify and it will take a couple of weeks to organise. I've applied for the small business loan scheme but even there is no guarantee that I qualify, even though the PR says its for all business and that scheme isn't up and running yet anyway. Plus the money for business owners won't be available until at least June! So the staff may survive financially but I might not. Therefore there won't be a business to come back to. I don't understand why no one has thought of that? A HMRC representative told the CBI last week that under the updated rules given last Thursday that if you are a company director you can furlough yourself for your day to day role (your employment), yet continue as a company director (as employer). Obviously, most company directors are on a low PAYE wage but pay themselves larger dividends so they would only be entitled to 80% of their lower wage. I had somehow missed that, I'll take a look. Thanks. " | |||
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"I think furlough is good for employees given the current situation. What I'm curious about is do you get anything as a business? Any financial support from the government to get through the hard time or is the possibility to furlough your staff is all you get? Totally feel for you and this is exactly what the masses arent understanding........alot of firms arent going to survive past furlough..... That is a difficult one. I've furloughed all my staff from 1st April (only have 4). So they will be on 80% of their wages and I'm on nothing! I've sent my bank details to the local council for the small business grant that are available but there is a chance I may not qualify and it will take a couple of weeks to organise. I've applied for the small business loan scheme but even there is no guarantee that I qualify, even though the PR says its for all business and that scheme isn't up and running yet anyway. Plus the money for business owners won't be available until at least June! So the staff may survive financially but I might not. Therefore there won't be a business to come back to. I don't understand why no one has thought of that? " | |||
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"I think furlough is good for employees given the current situation. What I'm curious about is do you get anything as a business? Any financial support from the government to get through the hard time or is the possibility to furlough your staff is all you get? That is a difficult one. I've furloughed all my staff from 1st April (only have 4). So they will be on 80% of their wages and I'm on nothing! I've sent my bank details to the local council for the small business grant that are available but there is a chance I may not qualify and it will take a couple of weeks to organise. I've applied for the small business loan scheme but even there is no guarantee that I qualify, even though the PR says its for all business and that scheme isn't up and running yet anyway. Plus the money for business owners won't be available until at least June! So the staff may survive financially but I might not. Therefore there won't be a business to come back to. I don't understand why no one has thought of that? " Totally feel for you and this is exactly what the masses arent understanding........alot of firms arent going to survive past furlough..... | |||
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