We are a limited company - myself and DH. I'm really concerned, because it doesn't look like there will be any work for DH after this week. I'm off already as looking after the kids.
Our accountant said there is nothing we can claim apart from try for universal credit. I saw Martin Lewis said we can claim 80% if any salary paid via PAYE as if employed. Sadly we only paid ourselves the under the tax threshold amount each ( around 12k a year.) I only get that as we have small children so my work is minimal, but my DH draws dividends of varying amounts depending on what he's been charged out at and that's come in.
We do not have savings and won't be able to pay our mortgage with no work. I do not know what to think. This has always been an issue any sick or holiday periods for DH and we are screwed, no reserve. We live a very frugal life already - one car between us- no sky - no holidays ever- no weekends away- occasional bag of chips but no meals out etc.
Any one else in a bad small limited company situation due to Coronavirus?