SEISS with setting up another business

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! 

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,699 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    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?
  • Yes! Sorry, sole trader operating now under two company names with one of them stalled entirely until the rules on weddings ease.
  • Jeremy535897
    Jeremy535897 Posts: 10,699 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    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.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.6K Banking & Borrowing
  • 252.5K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.5K Work, Benefits & Business
  • 619.2K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.