Why don't you get your 'friend' to register himself on the forum and ask the question... Or just tell him to ask his accountant... Or someone else that has a clue.
HTH
HTH
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'CUK forum personality of 2011 - Winner - Yes really!!!!
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From ladymuck's link:Originally posted by 325i View Post
"...a director must act in a way that they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members (shareholders) as a whole..."
So, I'd argue raising an invoice for a recurring income stream (requiring no effort to fulfil it from the furloughed worker) fits.
But as before, if effort (you know, *work* - as in doing, thinking reading and digesting, advising, coding, taking an input and churning though a spreadsheet to calculate a bill etc...) required, then no furlough.
I guess a non work derived residual might be a license fee or rent. The sort of thing that requires none of the work above and could be automatically generated by your accounts package. (or outsourced to your accountant)Comment
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He has asked his accountant, currently awaiting response. Obviously he is in a bad place at the moment so providing him some help.Originally posted by northernladuk View Post
Thankfully my income has not been heavily impacted, feel for those who have.Comment
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Check the Coronivirus section of the forums. Covered all sorts I great depth there.Originally posted by 325i View Post
You've posted in the wrong area of the forum.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Unless the friend provides gladiatorial services.Originally posted by northernladuk View PostComment
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does bad place mean "nothing better to do due to having no work"?Originally posted by 325i View Post
Cos that would be a good place to do research IMO.
When finished researching furlough he can read up on bleeding radiators.See You Next TuesdayComment
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