Right, at the minute I'm claiming a bit of housing benefit as I've recently been made redundant from my main job and the income from my other 2 part time jobs just isn't enough.
I've been approached by a local businessman to do some freelance PA work for him - initially a few hours a week for a rate of £50, but if I prove myself, he says there's more work to be had. I'm working on some stuff for him now, but haven't received any payment yet, and I've got an appointment with the HB people to discuss tomorrow.
I'm going to have to register as self employed for this work, which actually sounds quite a nice idea as I'm fairly sure I can expand on this and get more work; looking at setting up as a "Girl Friday" and basically doing whatever people are prepared to pay me for (within reason!!!).
Any ideas how this will work re HB? Obviously the initial £50 a week won't make up for the £700 a month I lost when I was made redundant, so I'm still going to need some help until I've built up my client base. Will I just need to show them invoices that I've raised to prove what I've earned, or do I need an accountant to do projections? I'm hoping I won't be relying on them for long, but I'll need a bit of help while I get up and running.
I'm SE, but only claim Council tax benefit as i own my home. Its the same application form however for claiming both CTB and HB.
As i remember i had to fill out an initial forecast for incomings/ outgoings, in exactly the same way as a self assessment form.. it is reviewed about 3 months later, and then at@ 6 months to check estimations, in the first year.
I did need my UTR and proof of SE status when initially applying, and it can take a while to arrive, so if i was you i'd ring the tax office as soon as.
You don't need an accountant but you do need to provide accounts. You get your unique trader reference (UTR) when you register with hmrc. There's a form to fill in to apply for exemption from voluntary NI payments if you earn under c£8000 as self employed, don't forget to do that if you think you won't earn masses.
I do both, my designs are under a business name umbrella which looks professional, but i include my name immediately underneath.. Cheques are therefore made out to my name.. You want to try and avoid having a business account with the bank, as they charge a fortune. You're not supposed to, but everyone does.