Benefits, self-emplyment, "gainful employment" and "minimum income floor"?

lisad0226

How many hours a week does your wife do her cake business?

missbiggles1

lyrical_gangster wrote: »

I know plenty of successful professionals who work at home whilst there children are present.

I also can't imagine many of them having children that would bash saucepans together. Though perhaps it's a class observation.

Yes, of course you do, dear.;)

shegirl

lyrical_gangster wrote: »

I know plenty of successful professionals who work at home whilst there children are present.

I also can't imagine many of them having children that would bash saucepans together. Though perhaps it's a class observation.

:rotfl: kids playing 'drums' with saucepans and wooden spoons is not a class thing, it's a well known image fgs.


As for professionals working while the kids are present, lovely. I imagine most of them aren't in the kitchen baking cakes either

NYM

Saucepan lids make great cymbals !

shegirl

NYM wrote: »

Saucepan lids make great cymbals !

You chav :rotfl:

NYM

shegirl wrote: »

You chav :rotfl:

I'll have you know they're from my Le Creuset set !
That makes me p-o-s-h

*sniff*...

FBaby

I know plenty of successful professionals who work at home whilst there children are present.

Poor kids and poor customers

Naf

lisad0226 wrote: »

How many hours a week does your wife do her cake business?

Naturally it varies, especially at this early stage. But she's getting some orders every week, and there's advertising, paperwork, shopping & cleaning so it's around 20.

shegirl wrote: »

As for professionals working while the kids are present, lovely. I imagine most of them aren't in the kitchen baking cakes either

My actual point seems to have been misconstrued somewhat. I was really talking about a home-business making it easier (generally) to work your hours around looking after kids. That doesn't mean she's baking with them around the kitchen (although there's the odd occasion where she does need to get some part of a cake/cookie mixed up & in the oven while they're watching TV); but paperwork & research can still be done when they're home, and she can bake while they're at school or in bed. In fact our youngest chose the name from the hat for our recent Father's Day prize draw.
Naturally this will vary depending on business, and doesn't apply to all self-employed (e.g. Trades-people). But my dad has been self-employed most of my life, and it's often been a great benefit not being tied to specific hours of employment.

tyllwyd

Naf wrote: »

Hmmmm, I hadn't thought about actual timesheets. I figured they know people can (and very probably do) just make them up, so wouldn't bother with them. Receipts etc. are a given; I've got a tracker spreadsheet, and nothing goes on it without the receipt going in the folder.

The advice I was given (about 15 years ago when home PCs weren't as common as they are now) by an Inland Revenue adviser was to keep handwritten accounting records because they are more difficult to fake than computer records. I guess it couldn't hurt to keep a handwritten diary with notes of what she's done every day, which can back up your more detailed records in your spreadsheets.

shegirl

Naf wrote: »

Naturally it varies, especially at this early stage. But she's getting some orders every week, and there's advertising, paperwork, shopping & cleaning so it's around 20.




My actual point seems to have been misconstrued somewhat. I was really talking about a home-business making it easier (generally) to work your hours around looking after kids. That doesn't mean she's baking with them around the kitchen (although there's the odd occasion where she does need to get some part of a cake/cookie mixed up & in the oven while they're watching TV); but paperwork & research can still be done when they're home, and she can bake while they're at school or in bed. In fact our youngest chose the name from the hat for our recent Father's Day prize draw.
Naturally this will vary depending on business, and doesn't apply to all self-employed (e.g. Trades-people). But my dad has been self-employed most of my life, and it's often been a great benefit not being tied to specific hours of employment.

Do you work at all? Just curious, as under WTC rules if you are in a couple you need to work a minimum of 24 hours a week to get tax credits,