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SEISS with setting up another business

ImGettingThere
Posts: 14 Forumite

Hey all,
Would love some feedback.
I'm a wedding photographer so, I've been unable to work in that capacity since covid broke bar a few occasions.
I did however, setup another company that's done quite well.
Looking at the criteria for the 4th grant, it states I should expect reduced trading profits.
Is that based on my latest tax return vs previous years or simply that I forecast to make less for this trading period?
Really appreciate any input!
Would love some feedback.
I'm a wedding photographer so, I've been unable to work in that capacity since covid broke bar a few occasions.
I did however, setup another company that's done quite well.
Looking at the criteria for the 4th grant, it states I should expect reduced trading profits.
Is that based on my latest tax return vs previous years or simply that I forecast to make less for this trading period?
Really appreciate any input!
0
Comments
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You need to clarify. Your question implies you have two companies. If that were true, you would never have qualified for SEISS. Do you mean you have two sole trades?0
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Yes! Sorry, sole trader operating now under two company names with one of them stalled entirely until the rules on weddings ease.
0 -
As far as we are aware, the test will be the same as SEISS 3, with the substitution of the period February to April 2021 in place of the period 1 November 2020 to 29 January 2021.0
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