self-employed help

[houselikeashed]

So if my profit is £51k - I get no help from the government?
Is that right?

I font want to sound harsh but those paying low PAYE and the rest via dividends have been doing that as tax avoidance. Recommended by accountants for that very reason.

It used to be a big advantage but recently since the tax changes on dividend and the corporation tax not so much.

I am not complaining. My staff will be paid through furloughing. I am a director who pays NI and has a salary of about £15k- I then get the rest by dividends- I am a high earner. I am just so relieved that my staff will be paid.

I don't understand why employees can get money whilst self employed workers can't.

The only self employed people who hate these measures are he ones fiddling the system. It’s designed that way for a reason.

@cluelessbeetroot I've been trading a month and have made a grand total of £150 before being forced to shut down due to COVID.
Not enough to pay any kind of tax on.

Unfortunately my previous ten years income and NI/tax payments count for sod all

@monstercrunch don't talk nonsense. They're shafting anyone who is newly self employed, whereas anyone whose been an employee since February gets 80% of their damn salary!

I've paid tax and NI all my adult life and get nothing whereas Sarah from next door could have only started work last month and she gets 80% of her salary!

Loads of people will get nothing who have never fiddled anything and paid loads in tax over the years.

They’re also stuffing anyone who earned more than 51k. Whilst happily paying out 2.5k to employees who earned any amount without limit.

So much negativity towards self employed / limited companies! We are not all in it to avoid tax (and not sure that’s really possible anymore anyway). I work freelance because it’s the only way I can work flexibly around my children. If employers would embrace flexible working properly I’d far rather work on a contract where I have rights, benefits and some level of job security. Freelancers are so often the first in line for the chop when cuts need to be made, as we are seeing now.

If you are a new business then of course they are reluctant. They need to make sure that aren’t getting shafted. It’s tax payers money.

I've been self-employed 2 years and paid tax my whole life and get nothing. People are being totally shafted.

Average salary for dentists is 63K, some will be on a lot more some on less. The dental industry will recover quickly when things get back to normal. Most people on a large salary like 63K will have savings, tax set aside and access to credit and/or loans. The govt has been incredibly generous in the measures laid out for both employed and self employed workers. There will always be some people who miss out but it isn't possible to have a system that accounts for every scenario

Lovely to see the support here. Nhs and private Dentists are self employed key workers who have alleviated pressure on the nhs. The NHS has said they must stop work due to aerosols being released, same as in ITU (but a week ago there was no need apparently and no provision of protective gear). But these awful individuals (who’d they’d now like to staff nhs hubs etc and with it’s all over continue to take the pressure off the nhs) deserve no help at all.

You couldn’t make it up. Sole traders who pay tax exactly by the rules have been stuffed by the party of enterprise

It's been incredibly generous to some and the rest of us get nothing but will have to pay for it - a universal system would have been much fairer.

monstercruch
Explain to me how it is fair? Dh has been self employed for many many years with a regular and secure income. Always paid tax. Never fiddled the books - way to scared to do that. Now he doesn't get any help when his income stopped overnight. If he'd been employed doing a higher paid job, he'd be getting some money.

So, to be clear: I started my business in April last year, after being employed for years and feel like I've been shafted now. But should I nevertheless submit my tax return now, see if I can get some help?

I'm sorry, are we supposed to now be feeling sorry for fucking DENTISTS having to take a month or two break?

Don't make me laugh.

@monstercrunch shafted?

I've paid tax and NI my entire life and have never claimed a penny from the benefits system

F

@KoalasandRabbit
@Icanseethepigeon

Submit what you can, how much you have.
1 year, 2 years, whatever. Financial year changes next week (5/6 April) so you can submit 2019-2020 as well. Yes it was said they will go by 2018-2019 but if you haven’t got that one at least submit for the year finishing next week.

The only self employed people who hate these measures are he ones fiddling the system. It’s designed that way for a reason.

Utter bullshit.

DH has never fiddled anything in his puff (I prepare his accounts so I know). But many self employed people are running businesses, and starting them from scratch. They take time to become profitable - that's normal. Years of graft and investment, eventually paying off. For folk who have just hit that point the averaging screws them up compared to what they've maybe been earning in the last couple of years. The timing makes it especially bad - right at the end of a trading year for most.

If you've been employed for the last 4 years, maybe building your career, getting promoted etc nobody is suggesting that your furlough payment is based on what you earned 1-4 years ago. That's what's happening to SE people who've been building their businesses.

There's a cliff edge from support at £50k, so zero support at £50,001. That doesn't exist for the employed either.

One of the reasons they want to protect employees is to help support larger businesses. If a company with 100 or 1000 employees goes under then that has much more impact on a societal level than a self employed person going out of business. It is particularly tough on those who have been going less than a year but without tax returns to go on any tom dick or harry could claim they are self employed and claim financial support. No one is being left with nothing, in fact everyone is getting more than they normally would if there self employment failed as the 'safety net' benefits ie UC have been increased.

Well if 63k is super high it’s only 13k higher than the limit. Do you have any idea how much a dental surgery costs to run? And why would someone on 13k more than the limit for help have sufficient savings to keep going indefinitely. They have been exposed to as much Covid 19 as ITU doctors. They alleviated the pressure on the nhs. And now shut down, unable to earn a penny whilst their costs continue. Clearly the new appreciation for healthcare workers doesn’t extend all the way across. Taking a month or two off as you say, may well mean lots of practices go bust.

But I agree that all should get it, am only emphasising the aspect that affects me. Good to see the high regard for the profession though, sure that will bolster lots of them to volunteer for clinical stuff to help the nhs.

Yes what will happen to all those unemployed, down at heel dentists come June/ July.