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By (user no longer on site)
over a year ago
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I claimed two then jobs came along. Both earned me more than I usually get per year.
To go on claiming and still earning is a bit like signing on the dole and doing a cash in hand job. So I expect some kind of reckoning will come about.
In theory the SE would get the earnings on a typical year, but still pay tax over the threshold.
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By (user no longer on site)
over a year ago
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I think the revenue will impose some adjustments. I think some have done better than normal and others not so. But this wasnt outlined when they began the scheme. |
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By (user no longer on site)
over a year ago
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can’t your accountant give you advice of what they think you are still entitled to based on your books so far for the tax year?
if you are legally entitled then i think you should claim - some people got furlough plus additional jobs and we all (including me who worked as normal paye throughout and didn’t need anything ) are going to have to pay it back anyway - might aswel take any payout you are entitled to before you have to take the hit of higher tax - if its surplus use it to invest in your business |
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By *dnlawCouple
over a year ago
buckhurst hill |
Does anyone know how I can access government support, for limited company where myself & wife have been drawing dividend 3 times a year?
Effectively we are self employed but do not have paye, nor business rates as we run the company from home providing health care marketing services. |
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By *reyyaMan
over a year ago
North Yorkshire |
I am pretty certain that County Councils employ business advisers and consultants which includes financial advice as well as grants and loans. Have a look in their websites. Give them a call. It may be to your advantage. |
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By (user no longer on site)
over a year ago
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Self employed grants are available if businesses have been adversely affected by covid, they are based on the average of three years taxable profits and the grants received will form part of your taxable income for future tax returns. |
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"Self employed grants are available if businesses have been adversely affected by covid, they are based on the average of three years taxable profits and the grants received will form part of your taxable income for future tax returns. "
The next grant is for the last 4 years. Including the return this year due of Jan 2021. Which was for 2020. 80% ave of last 4 years, one which I bet is greatly reduced income due to corona. Self emplyed are being shafted again.
Any way to dilute the payment down. |
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This is the last grant. Foughloug runs till Sept. Again an unfair balance. Not like self emp " leasure" businesses will be running at 100% income from the get go. A lot will have to re build client and customer base. |
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"The revenue will nail the self employed by imposing equivalent national insurance as those on paye.
Surely that's 'fair' not 'nailing'."
Not really, people forget the self employed don’t get sick pay, holiday pay etc
Do the employed pay £1200 + a year for accountants, do they pay £350 + for public liability insurance ?
If your self employed you don’t work you don’t get paid, simple !
We’re even taxed on our dividends !
How the fuck am I supposed to live on 3.2 million a year ?
I’ve just postponed my new McLaren until September delivery, I’m gutted !  |
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