All hail our furlough scheme champions!
Be honest, until spring 2021 had you even heard of the word furlough? And do you know how furlough schemes operate?
Well, SW&A Accountants had to establish exactly what was involved – and in double-quick time – when the government announced that companies would be able to claim back 80% of their employees’ wages for hours not worked during the pandemic.
Not one of our clients were charged for the extra work that came with this new scheme and we have the impressive array of stats below to show:
- 5 years – 18 months – 78 weeks – 547 days
- 6,837 processing hours
- 72,990 individual claims
- £13,423,359 in claims
- 13 investigations
- 1 exhausted team!
It’s also worth bearing in mind that as well as dealing with claims on behalf of our valued clients, the team had to keep up to date with all the details of the scheme as its terms changed in summer and autumn 2021.
The government’s contribution dropped from 80% up to £2,500 to 70% up to £2,187.50 in July 2021 and 60% up to £1,875 in August and September. The scheme ended on September 30. Phew!
Above everything else, our statistics prove that we were able to respond positively to an immensely challenging situation.
Thanks to our knowledge, experience and dedication, we were able to give clients peace of mind by ensuring that their employees were paid and that they, as a company or organisation, were fully compliant with the scheme at all times.
If furlough proved an 18-month long headache for your business – and your existing accountant! – contact us on 01905 622202 to discover the difference we can make every day, not just during a crisis.