self employment / employment

deafmoney

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Horace

At the moment I would be inclined to sign on the dole - this will give you some lee way in the meantime. You may then be able to get help from Remploy and The Shaw Trust to find work as they help disabled people to find work or help with self employment.

Should you decide to go into self employment - you would need to notify the HMRC, you would have to work more than 30hrs a week to get working tax credits (you would get more WTC because you are disabled and claiming DLA). You would need to have your own public liability insurance, pay for a van, tools etc which will also need to be insured. The HMRC will expect you to pay tax on your profits, if you continue to make a loss then they will wonder what is going on and could investigate you. You would need to pay for marketing because how will you promote your business? You would also be responsible for your own Class 2 NI although you can get an excemption certificate. You will work more hours than you ever have in your life, you won't have paid holidays nor paid sickness. You are not guaranteed to make a profit enough for you to make any drawings (paying yourself wages).

I think you should take up your parents offer and become their employee - this is a better option than self employment and they can sort out your PAYE and Class 4 Ni. At least you would have a regular wage coming in as opposed to self employment where you won't have any real money coming in plus if you utilise the services of your retired friend the HMRC could view him as being your employee.

I am not saying don't go self employed but do al the research that you can beforehand (you can still get Access to Work). Is there a need in your area for plumbers? You need to see what competition you have got, if there is no competition then that is good but if there are lots of plumbers then you are going to struggle to find work.

deafmoney

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jemmah1983

Pop onto direct gov website it's got lots of info about working tax credit. The amount of hours has just changed so 16 is not enough any longer it's 24 I believe but do check the site.

baza52

deafmoney wrote: »

I have done job before like fitting a shower tray and made 400 quid in one day. I look for more work to cover the cost of van running and other expenses. But have always fixed my wages on the dot.

£400 to fit a shower tray??? see you on cowboy builders m8

Whats next? £600 to replace a pensioners roof tile?

shedboy94

deafmoney wrote: »

Hi I m new to this

I have been laid off at work as I m a part time property maintenance but my trade is a plumber which I am finishing my training in 8 weeks.

I used to get the minimum wage at 16 hours working for a two man property maintenance company but close down company due to health problem and I lost my job.

I get full 2 children tax credit and working tax credit with the disbability elements on it as I get DLA middle rate care due to my deafness.

My wife gets carers allowance. And I get full housing benefit and council tax.

Not being awful but with my deafness I have lot of obtacles and barriers hence always rely on my boss who close the business down for health reason.

I want to continue working part time 16 hours as I get a steady income from the tax credit on top. I do have health problems and there will be times when I cant do a job due to hospital stays etc.

I would go self employed but I do not want to earn more than £100 a week as i know if i get more I lose the entitlement. My friend as he retired said he ll help me on quotes etc.

I want to know will the tax office or other, will expect that I try to make a profit on the business as I am not really wanting a profitable businessm just a small income to get me out of the house and work to get experience and bring a small income in.

Another thing I want to know, what if I made £1200 profit in one month, can i spread this over 3 months so I have 2 months not working and use the time in hosptial or look after the children during school holidays.

My parents owns properties and they said they ll take me on as part time doing their properties and give me a set wage a month of £415 16 hours a week. Will this be allowed?

What is the best option for me? It a really hard sistation and I determined not to let my health and disbaility let me down and not sign on the dole.... this is the best I can contribute to society

Yet again the benefit culture of this country strikes again - Tax Credits shouldn't be a "steady income"........it is designed to top up low incomes - it appears you are choosing to have a low income and use Tax Credits as a 2nd income.

You don't want to earn more than £100pw as you would lose your benefits..........words fail me on this one.

You are probably the only person in the world who wants to start up a business but doesn't want it to be profitable.

Wouldn't we all love to work a month then take 2 months off.....I wish I could afford to - you obviously can with the amount of benefits you are scrounging.

Please don't use your disability as an excuse - you have stated you can work, but are choosing to do as little as possible.

shedboy94

deafmoney wrote: »

Thank you so much for your help. Certainly have opened my eyes

I only have to work 16 hours a week to get working tax credit when self employed?

I have once informed the tax office last year before i got the job with my old boss, when i thought about self employed, told them that I wont be aiming to make a profit as I rely on the tax credit income hence keeping stable wages down to 415 a month. They have said fine that is not a problem. I have done job before like fitting a shower tray and made 400 quid in one day. I look for more work to cover the cost of van running and other expenses. But have always fixed my wages on the dot.

Troll alert......but I'll humour you.

You don't have to work 16hpw to get WTC - you are choosing to

You won't be making a profit as you rely on Tax Credit income......because clearly making a profit wouldn't replace Tax Credits........??????

kaya64

well I can understand where he is coming from with this because if you have commitments and then suddenly your benefits are reduced it would cause financial difficulties.

W1lf5ter

Being Self Employed does not guarantee you a regular income. Some weeks, some of the lads were making over £2000 per week, over a 7 week period, then when the work dried up, nothing. You won't know how long this period will be.

You do have allowable expenses while self employed, which you can off-set against your earnings, which are taken in to account by HMRC when you file your tax return.

If you are actually interested in going self employed, book an appointment with an accountant, who normally give an hour up for free, they will talk you through what you can claim for and where they can save you money.

You would probably need to look into the CIS scheme for the construction industry, which would allow you to work on building sites. You'd need to pass a CSCS exam, which isn't expensive and is extremely easy.

If it's any inspiration to you, one of the chaps that I used to be on site with, fits lifts in to shops, offices, tower blocks etc. He lost half of his arm, yet he still manages to fit these lifts, and there are no health risks to him or anyone working with him, as he follows due diligence and has completed all necessary risk assessments. He must be making well over £1000 per week, still with allowable expenses.

In all honesty, as much as I'm giving you this advice, I'm feeling a mixture of emotions as I'm earning nothing, no-one seems to be able to help me, but you're sitting there refusing to work more than 16 hours just so they tax payer can top up your income. I would love to have 16 hours of work - even without the benefits to top up a small income.

Be a man, grab the bull by the horns and go full time, prove to the world that you can contribute to society and not just take from it.

deafmoney

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leveller2911

deafmoney wrote: »

Just want to say, I m proud of myself as a deaf person and I know I am better than a lot of people and AS LEAST I TRY to do something and get my !!! out there the best possible as I can, regardless of my disbabilty and illness.....

You could do a lot more though couldn't you.Good luck and give yourself another pat on the back when you work 50-60 hrs a week and don't rely on benefits... You made a good start but have a long way to go......;)