The Bridging Assistance III can help many companies, solo self-employed and tradesmen, both in the retail sector, as well as in the catering and other affected industries through the period of crisis.
In summary, the hurdles to applying for Bridging Aid III have now been significantly simplified – for example, all companies with more than a 30% drop in sales compared to the same month in 2019 can receive a staggered fixed cost reimbursement and the funding period now covers the months of November 2020 to June 2021.
In particular, for the particularly affected industries, such as retail, the travel industry, and the culture and events industry, there are additional, interesting innovations included, which we are happy to provide for you in the PDF linked below.
For example, goods depreciation for seasonal goods (e.g. Christmas articles, fireworks, and winter clothing) can be counted at 100% as fixed costs. Assistance for the self-employed has also been improved. This, too, is certainly an interesting aspect.
Here you will find detailed, relevant information from the Federal Ministry of Finance. Feel free to share this link with your colleagues and networks. For more information, please visit the BMWi and BMF websites.
We at HANSE Consulting are very happy to help you compile the necessary figures. We are at your disposal.
For professional reasons, we would like to point out that the suitability test and application are reserved for third parties (e.g. tax advisors, auditors, etc.). If required, we can also put you in touch with the tax advisors and auditors in charge of our affiliated company Warth & Klein Grant Thornton AG.