1. Log in now to remove adverts - no adverts at all to registered members!

Self Employed and no foreseeable money coming in

Discussion in 'Sunderland' started by Conspiracy Theorist, Mar 24, 2020.

  1. Conspiracy Theorist

    Conspiracy Theorist Well-Known Member

    Joined:
    May 17, 2017
    Messages:
    338
    Likes Received:
    638
    Not yet mate, every time help for S.E. is mentioned in Parliament, or at a news conference, Boris Johnson says that help is coming in a couple of days. He's being quoting that since last week. It's the last day of Parliament today, so it's going to be exceptionally difficult to hold the Government to account and put pressure on them. There's some mention on twitter that Sunak is going to deliver a 'huge package' tomorrow (shudder to think what that exactly means) ... hope that it will suffice - I have loads of self-employed friends in the same boat as my family - with no income whatsoever coming in it's quite a worry!.
     
    #41
    rooch 3 and Montysoptician like this.
  2. Somebodys pinched my sombrero

    Somebodys pinched my sombrero Well-Known Member

    Joined:
    Jan 29, 2011
    Messages:
    9,010
    Likes Received:
    7,280
    I can imagine. I’ve got family members in the same boat. Hope it gets sorted soon <ok>
     
    #42
  3. Montysoptician

    Montysoptician Well-Known Member

    Joined:
    Jan 26, 2011
    Messages:
    5,360
    Likes Received:
    11,021
    Fingers crossed it gets sorted this week
     
    #43
    Conspiracy Theorist likes this.
  4. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    Coming tomorrow evening
     
    #44
  5. Gordon Armstrong

    Gordon Armstrong Just another S.A.F.C. fan
    Forum Moderator

    Joined:
    Jan 26, 2011
    Messages:
    22,008
    Likes Received:
    87,660
    You dirty bastard, Kitty <yikes>
     
    #45
  6. haslam

    haslam Well-Known Member

    Joined:
    Sep 29, 2011
    Messages:
    10,783
    Likes Received:
    10,709
    They must be really. My wife and i are in the very lucky position that we are still working through all of this (her more hours than usual, me fewer). It would be a touch odd though if those who work full time through this and pay full taxes/NI contributions (which is way more than 20% of our earnings) whilst those who aren't working (for legitimate reasons!) or are unable to do so get 80%.

    You'd have to imagine that people would pay NI and income tax on the reduced gross wages of 80%. Details are thankfully going to be sorted tomorrow apparently (not before time), and hopefully people can get what they need quickly as I can only imagine how stressful that situation is. Keep safe all and let me know how you get on :)
     
    #46
  7. Vincemac

    Vincemac Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    16,939
    Likes Received:
    12,971
    I’m ok I’m oap cheers mate I’m concerned for the self employed and hope the government deal with them correctly
    Again taking into consideration them still working on low pay
    I hope all works well for everyone
     
    #47
  8. marcusblackcat

    marcusblackcat SAFC Sheriff
    Forum Moderator

    Joined:
    Jan 25, 2011
    Messages:
    25,363
    Likes Received:
    25,287
    I’m self employed but also have a PAYE job. Most of my singing money is reinvested back into the band (new kit etc) and I pay very little tax on it due to that. Means I get nothing from that. But, as I am still working for the NHS (14 hour days at present) I have no issues. First time in years I’ve been able to get overtime!!
     
    #48
  9. haslam

    haslam Well-Known Member

    Joined:
    Sep 29, 2011
    Messages:
    10,783
    Likes Received:
    10,709
    Yeah my wife is basically AWOL from home at the moment, she's in the middle eleven days of straight work. Though she's pushing to actually leave within an hour of the end of her shifts at least ( usually it can be two or so hours after the end of her day before she gets out) so she can see the kids before bed.
     
    #49
  10. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    53,561
    Likes Received:
    112,749
    Good luck to all the self employed today, this can't be easy.
     
    #50

  11. Conspiracy Theorist

    Conspiracy Theorist Well-Known Member

    Joined:
    May 17, 2017
    Messages:
    338
    Likes Received:
    638
    We'll find out today what the financial help is going to be.

    Though Some of the reports in the news media about Self Employed financial help- is it won't become available until May! Going by the 100's of thousands of claimants in on-line queues for Universal Credit payments that wouldn't surprise me.

    I feel millions of people are going being left out to dry by this Government through their convoluted methods of delivery of an income to who need it most. Maybe a basic income for everyone, regardless of their financial circumstance- for 3 months would have been a wiser move, including a hiatus of not having to pay mortgage/rent/utilities etc.

    This situation if it continues may cause public discontent leading to riots!

    The stark reality of Iain Duncan Smith and the Government's inhumane agenda (austerity) against the poor, will hit home when it starts to affect 'out of work' middle income earners.

    How can anyone survive on 90 odd quid a week?
     
    #51
  12. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    There you go @becs and co.

    If you're:

    Self employed
    Make majority of income through Self employment
    Have a 2019 tax return
    make up to 50k a year

    You'll qualify for 80% as with a furloughed employee

    Also possibly benefit improvements if needed.
     
    #52
    becs likes this.
  13. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    Big hint there that Self Employment benefits in terms of tax will be changing. Probably a closure of Ltd company + dividends setup.
     
    #53
    Conspiracy Theorist likes this.
  14. haslam

    haslam Well-Known Member

    Joined:
    Sep 29, 2011
    Messages:
    10,783
    Likes Received:
    10,709
    There's currently a stand off between one of my friends and the rest of us as he's complained about how his tax returns don't show his proper income and the rest of us are all just blanking his whinging. He's always seen under-declaring his income as some kind of game in the past and whilst it's clear to see the difficulty this now puts him in I'm pretty sure he is not going to get any sympathy. My uncle (a window fitter/ bricky) was a nice guy, but also seemed to see full declarations as optional. It's a shame that others (epecially manual labourers) get put in the same bracket and it's nice to think that the ones who honestly declare everything will get more if this is implemented properly.

    Feel free to correct me if I'm missing anything here, I've never been self employed OR filed a tax declaration!
     
    #54
  15. Gordon Armstrong

    Gordon Armstrong Just another S.A.F.C. fan
    Forum Moderator

    Joined:
    Jan 26, 2011
    Messages:
    22,008
    Likes Received:
    87,660
    . . . . of the average of your last 3 years net profit, I think :emoticon-0105-wink:

    It also seems that we won't have to do anything to initiate the process, 'cos HMRC (I presume) will contact those of us who are eligible . . . . that makes me feel better :emoticon-0148-yes:
     
    #55
    Montysoptician likes this.
  16. becs

    becs Well-Known Member

    Joined:
    Oct 15, 2019
    Messages:
    499
    Likes Received:
    1,048
    Mine is always honest and I've declared all my income, so hopefully it should all go through and I'll get something in June.
     
    #56
  17. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    Yeah that might be interesting for anyone whose expenses have Bill Oddie's dressing gown receipts in them :D

    please log in to view this image

    please log in to view this image

    please log in to view this image
     
    #57
  18. haslam

    haslam Well-Known Member

    Joined:
    Sep 29, 2011
    Messages:
    10,783
    Likes Received:
    10,709
    Hopefully before June?
     
    #58
    becs likes this.
  19. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    53,561
    Likes Received:
    112,749

    Not declaring your full income is something people are often quite proud of ...

    .... then there's that proverb, 'pride comes before a fall', :emoticon-0112-wonde

    Tax fraud reminds me of taking a power boat out to sea, hilariously enjoyable until you hit a submerged rock.
     
    #59
    rooch 3 and Conspiracy Theorist like this.
  20. Conspiracy Theorist

    Conspiracy Theorist Well-Known Member

    Joined:
    May 17, 2017
    Messages:
    338
    Likes Received:
    638
    June! ... considering the nature of my self employment, and as from the last couple of weeks: having zero income coming in for next 3 months it's going to be very difficult time for my family.
     
    #60

Share This Page