Csa / self employed question

DAREDEVIL78

Hi , just wanting advice please, i am currently employed paying my ex csa maintenance payments but wanted to know if i went self employed how would that change things ( if it does ) , by that i mean how would they work a maintenance figure out if throughout the year i earnt irregular weekly earnings ?? thanks.:rotfl:

kelloggs36

it is done on an annual basis and based on your self assessment tax returns. In the interim, you will either have an IMA cat D if you have no such accounts (CS1 cases) or a Default Maintenance decision which is a fixed amount until you have your accounts available.

CSA_Help

DAREDEVIL78 wrote: »

Hi , just wanting advice please, i am currently employed paying my ex csa maintenance payments but wanted to know if i went self employed how would that change things ( if it does ) , by that i mean how would they work a maintenance figure out if throughout the year i earnt irregular weekly earnings ?? thanks.:rotfl:

I thinks if you cant produce accounts for another year they would calculate it at £30 per week (i will try and dig a book out from my paper mountain) until you have accounts available .Or you could get a projected figure from your accountant for potential earnings

Also depends if you are limited or sole trader

Be wary whatever you do as they wont just go away

speedster

i would suggest speaking to a good accountant. depending on your line of business, you may be better off going LTD rather than as a sole trader.

with regards to the csa, they hate SE or LTD. :rotfl:

it opens up a whole load of extra work and hassle for them as you are no longer a "soft target" who they can slap a 40% deo on you and you can pay by SO so that they cant take what they like via DD.

it levels the playing field somewhat, you might say! :T

if you need any further advice, feel free to message me.

CSA_Help

speedster wrote: »

i would suggest speaking to a good accountant. depending on your line of business, you may be better off going LTD rather than as a sole trader.

with regards to the csa, they hate SE or LTD. :rotfl:

it opens up a whole load of extra work and hassle for them as you are no longer a "soft target" who they can slap a 40% deo on you and you can pay by SO so that they cant take what they like via DD.

it levels the playing field somewhat, you might say! :T

if you need any further advice, feel free to message me.

They'll be along shortly :rotfl::rotfl::rotfl: