SOA help

robert542

HappyMJ wrote: »

I would put down £120 under child maintenance which is around about the amount you are supposed to pay based on a new case today and I'd put down nothing for school meals and school trips.

Could they check/ask for evidence of the amount of maintenance and where it is paid to if I put £120 for child maintenance?

I think the reason that the CSA said that I didn't have to pay any more than the £45 was because the £1200 I earn each month is including business expenses e.g. petrol, printing, advertising costs. Should I put my income on the form as my amount after business expenses?

My accounts are complicated. Although my father is the director of the company, he has little to do with the running of it. The business has no profit in it and makes just enough for me to survive on. My income is very varied and seasonal (one of the reasons I got into trouble with debts), and each month I take everything the business earns after costs. I regularly pay for business costs both out of my personal account after money from the business has been transferred into it, or out of the business account - just as and when needed, so to work out my income I add up everything that has come into my personal account and worked out a monthly average. My accounts should be a lot tidier but it is difficult when so little money is coming in and it is very difficult to budget and plan.

emmsie123

Are you registered as self employed? Or does your dad pay you?
"So technically I work as a self-employed contractor for my father's business....the employment is a whole other issue I think I need to seek advice on!"
As can't see any amounts for tax or NI?

robert542

emmsie123 wrote: »

Are you registered as self employed? Or does your dad pay you?
"So technically I work as a self-employed contractor for my father's business....the employment is a whole other issue I think I need to seek advice on!"
As can't see any amounts for tax or NI?

Yes, I'm registered as self-employed. The work I do is for a business my dad owns (he is registered as the company director and the business account is in his name as I am unable to be company director due to bad credit, but my dad takes no money from the business). I pay £2.80 per week NI. I guess this is another expense I need to include in the SOA. I complete self-assessment tax returns each January based on the previous year's income and expenses. Any tax owed is paid annually. No tax was owed for 2013-2014.

robert542

Another question - my partner and I recently found out that we are expecting a baby. She hopes to take a full year off work on maternity leave. If I did go bankrupt, how would my IPA be affected when the time came for my partner to stop work? Could I let them know about the change in circumstances? Would it be acceptable for me to take on my partner's contributions to the bills and change her contribution to 0?

emmsie123

Can you afford to take on all the bills? You listed your income as £1200 and outgoings as £1850.
Childcare is extortionate if she goes back to work. Though childminders are cheaper.
You have to notify or of any changes. You'll get child benefit, but income too high for tax credits.

HappyMJ

robert542 wrote: »

Could they check/ask for evidence of the amount of maintenance and where it is paid to if I put £120 for child maintenance?

I think the reason that the CSA said that I didn't have to pay any more than the £45 was because the £1200 I earn each month is including business expenses e.g. petrol, printing, advertising costs. Should I put my income on the form as my amount after business expenses?

My accounts are complicated. Although my father is the director of the company, he has little to do with the running of it. The business has no profit in it and makes just enough for me to survive on. My income is very varied and seasonal (one of the reasons I got into trouble with debts), and each month I take everything the business earns after costs. I regularly pay for business costs both out of my personal account after money from the business has been transferred into it, or out of the business account - just as and when needed, so to work out my income I add up everything that has come into my personal account and worked out a monthly average. My accounts should be a lot tidier but it is difficult when so little money is coming in and it is very difficult to budget and plan.

I see...You should put your income down after expenses have been paid. It would then make the £45 effective child support/maintenance payment look like the amount that it should be.

That might mean the motoring expenses don't go on your SOA at all as the mileage payments you get from the company covers those expenses. You can't claim them twice. You can still put a small amount for petrol for private mileage down. Reimbursed business mileage is not included.

Flyright

You need to be careful in relation to your employment because from what you suggest, it appears that you have a director type role in the company..this is a criminal offence if you continue to have such a role as an undischarged bankrupt.

Cobalt77

Flyright is correct. From what you've said, you do appear to be a "shadow director" so tread very carefully.

tigerfeet2006

Robert, I think you might be best to ring Business Debtline and clarify a few things like the Shadow Director angle.

https://www.businessdebtline.org/