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Bridging aid for small and medium-sized enterprises

On Friday, 12.06.2020, the Federal Government published the key points for the federal program
“Bridging aid for small and medium-sized companies that have to cease all or a significant part of their business operations as a result of the coronavirus crisis”. The regulations have not yet come into force, so no applications can be submitted at present. However, as the program is limited, it is advisable to take action now and make the necessary preparations. As things stand at present, the involvement of a tax advisor is mandatory.

We will be happy to support you in applying for bridging assistance.

Necessary requirements

It is necessary for there to be a slump in sales in the months of April to August 2020. This must be at least 60% in the months of April and May 2020 and at least 40% in the months of June to August 2020. The comparative value is the previous year

Recommended measures

  • The accounting for the months of April and May should be completed immediately. Please also check whether all receipts for the period from April 2019 are available. If you are already a client of ours, then your case handler will be happy to assist you.
  • A sales estimate is to be prepared for the period from June to July 2020. You should address the issue at an early stage and develop a realistic sales estimate for the period. The expected realization of sales must be recorded separately for the months of June, July and August 2020.

Eligible fixed costs

Fixed costs for which you concluded contracts before March 1, 2020 are eligible. Check whether all booking and contract documents for these fixed costs are available.
Eligible fixed costs are above all:

  • Rents and leases
  • Interest expenses for credits and loans
  • Financing cost portion of leasing installments
  • Expenses for necessary maintenance
  • Maintenance or storage of fixed assets and leased assets, including IT
  • Expenses for electricity, water, heating, cleaning and hygiene measures
  • Operating license fees
  • Insurance, subscriptions and other fixed expenses
  • Commissions that travel agency owners have paid back to tour operators due to corona-related cancellations are also eligible for funding
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