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Plus I don't have a TV.
On soon,
Briefings are normally published just before / during / just after.
Discuss Being self employed and the coronavirus in the Electricians Chat - Off Topic Chat area at ElectriciansForums.net
Plus I don't have a TV.
On soon,
View: https://www.youtube.com/watch?v=9Auq9mYxFEE
Briefings are normally published just before / during / just after.
Whilst I’m being paid, so not currently being effected, 80% isn’t bad for the self employed, same as those on PAYE.it's not just 80% of wages we need. we still have overheads to pay, even if only road tax,insurances, phone. how can govt. expect us to survive if we can't keep the business overheads paid? van sitting outside not moving still costs, even worse if it's on finance or lease.
My son is self employed, but is director of his company as his business partner. He’s worried this scheme won’t cover him?
it's not just 80% of wages we need. we still have overheads to pay, even if only road tax,insurances, phone. how can govt. expect us to survive if we can't keep the business overheads paid? van sitting outside not moving still costs, even worse if it's on finance or lease.
Is he on the payroll of the company?
If so, he can be an unpaid director and furlough himself (this is according to my accountant), but he made need to access finance to cover the ongoing business overheads.
Roll on June then.
Once we get past the worst of it, hopefully by June, we might start getting a bit of cash through......only about 10 weeks off.
From initial soundings, I don't feel too bad about it, though.....a 3 month chunk in June.
It's bloody hard work for those in charge, too, I think.
And the bit that may have been missed for S/E is you are allowed to continue to work, assuming there is some available, unlike employees on Furlow who cannot.
Agree he’s saying June but I doubt you’ll see anything before August.....sounds like they’ll give you a lump sum calculated on previous years you’ll add this to 20/21 tax returns and pay tax accordingly......it’s not gonna stop the spread as people will have to go and earn, assuming they can find the work of course....that in turn will drive down prices, encouraging cash payments, resulting in less income for the revenueI read June at the earliest.... People could be waiting til July or August.. I think Trumps idea was a much better one. Many folks will be absolutely desperate by the end of April if not earlier.
Whilst I’m being paid, so not currently being effected, 80% isn’t bad for the self employed, same as those on PAYE.
My son is self employed, but is director of his company as his business partner. He’s worried this scheme won’t cover him?
Directors are typically (but not always) employees of the company as well, although if they pay a low salary topped up by dividends then this is still likely to be something of an issue.
Reply to Being self employed and the coronavirus in the Electricians Chat - Off Topic Chat area at ElectriciansForums.net
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