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There have been “complaints” and reactions in the market as many entrepreneurs who apply to the platform to join the Refundable Advance 4 program, are excluded from the program. The system “dumps” them, in essence, rejecting them as non-beneficiaries. Many of these cases have come enikos.gr, with desperate entrepreneurs and freelancers while they calculated the amounts of the Refundable Advance to face the “heavy” financial obligations in a difficult situation due to the coronavirus and the confinement that led many of them to have “dried up” from turnover and income losses . It should be noted that applications for inclusion in the program are submitted until today, Monday, although the Minister of Finance, Christos Staikouras, left open the possibility of an extension.
Ο Α.Κ. is one of the entrepreneurs who are outside the Refundable Advance. As described in enikos.gr “I am a young businessman with a restaurant. I started my business in October with a lot of effort and creating debt. I had five employees and a month later I was a ‘victim’ of the confinement, like many other professionals. I decided to make my effort and open my business after assurances from the prime minister in the summer that we will not go to a second shutdown. ” As stated, “despite government announcements that New Business can be included in the Refundable Advance 4, the application today does not allow us to continue with the application, saying that we are not entitled to it.” What will happen to our debts with banks, rentals, suppliers, etc.? “How will employees be paid and how can we reopen our stores?” He asks.
Attorney E.Ps. is another professional whose request for the Refundable Advance 4 was rejected. “The system rejected me since the criteria have been set to reduce billing by 20% during the reference months (September – October) and at the same time there must be a minimum reference billing of 300 euros”. According to her, “they make fun of us to show that they give money to the world and in fact many are those who are rejected.” She has filed an objection after the “lock” on her application.
Another case is that of a fellow citizen who opened a sole proprietorship on February 20, before the first closing in March. “I went in, made the request, but it was rejected,” he said, who initially wondered if he had made a mistake and was not accepted. “What’s up;” We took the initiative to make our own commercial effort and we see it fall into the void, “he says.
Because they stay out
The specific topic came in the form of a question from KINAL to the competent ministry. As mentioned, “with government decisions, from 3/11 the operation of restaurants was suspended, from 7/11, retail, while from 8/11, hairdressers. Among these companies are many new companies that were established a few months before the start of the epidemic. Companies that initially faced the coronavirus epidemic and its effects on the market and are forced to suspend their operation by state decision for the second time in recent months (so zero income) and are practically excluded from the refundable advance 4 “. .
But what about many outside entrepreneurs? According to tax accountants, the reason for the exclusion is the way to calculate the 20% reduction in company turnover. Because this decrease is not calculated based on the billing of previous months, but on the billing of the last quarter of 2019 or the first quarter of 2020. As can be easily understood, a company that opened in December 2019 for example or in January of 2020 and even shortly after the epidemiological crisis hit, it is reasonable that it has not generated a high turnover at this time, either because it is in its infancy and “building” a clientele, or because it faced the crisis of the epidemic . On the contrary, for an old business it can be used as reference invoicing before the first quarter of 2019 or, in any case, even if it is calculated in the first quarter of 2020, it is usually old businesses that already have customers. Thus, we are faced with the following paradox: Companies that showed a decrease in turnover of 40 and 50% in September and October compared to June for example or even in August when the market fell due to the summer, to show a marginal profitability compared to the First. months from its start and be excluded from the refundable deposit 4.
Answers from Tax Expert Filothei – Makridaki
The tax, business and private advisor, Filothei Makridaki gives through enikos.gr answers to critical questions from readers about the Refundable Advance 4, through which an amount of 1,200 million euros will be allocated.
- Who has the right to participate?
All sole proprietorships can now participate, regardless of whether they employ employees or have a cash register, including freelancers and scientists, as long as they show a 20% reduction in turnover in the reference months (September-October) and have a minimum reference 300 euros.
CAUTION !! Especially companies whose activity has been suspended by state order or whose headquarters are in areas affected by the Mediterranean cyclone IANO have the right to participate in this process regardless of the drop in their turnover, provided of course they have a minimum reference turnover of 300 euros. .
Also now eligible are startups that have positive revenue for the first time since February 2020, based on July-August billing for bibliographic and third quarter for haplographic.
- The amount that the beneficiaries learn immediately this time;
Yes of course. The amount that the beneficiaries of the financial scheme will receive is presented directly on the electronic platform. It should be noted that the Reimbursable Advance 4 provides even more favorable conditions for the beneficiaries and the amount of the aid, 50% of which is non-reimbursable, provided that the level of employment is maintained until 3/31/2021.
- How many steps can you complete the application process?
The refundable deposit 4 process is completed in 2 steps:
Step A:
The necessary income-expenses data of the company are completed in the “MY INCOME” application on the “myBusinessSupport” platform.
Special attention should be paid when completing these items, as after completion they cannot be modified.
Step B:
Once the declaration in the “MY INCOME” application is finalized, a final concession application must be completed and submitted through the “myBusinessSupport” platform, through the “RETURN ADVANCE 4: GRANT APPLICATION” application.
In case of incorrect completion of the application, the application is modified only on the same day.
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