Any self employed people here to help/advise? - HotUKDeals
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Any self employed people here to help/advise?

ktony21 Avatar
7y, 5m agoPosted 7 years, 5 months ago
I am thinking about going self employed,but don't know anyone who is self employed to give me an idea of what to do and how to start.I was thinking about becoming a Courier,but don't know how easy/hard it is to be self employed.Anyone out there has a good experience/contact on people who could help me look at alternatives?
I was made redundant almost 6 Months ago and Jobcenre Plus are useless.
Any ideas of what I could do would be helpful.
I don't have any former qualifications,only work experience in manufacturing,restaurant and some driving.
Really don't know what to do..:'(..Help,please
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ktony21 Avatar
7y, 5m agoPosted 7 years, 5 months ago
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banned#1
claim working tax credits for being self employed the money you get all depends on circumstances but you can also get child care costs

check how much you are entitled to here

http://www.taxcredits.inlandrevenue.gov.uk/Qualify/DIQHousehold.aspx

then at least you dont have to go job centre and made to go for jobs you dont want or wont get
#2
Go on HMRC and look on there. They have plenty of advice on there. Its not that difficult going self employed, you just have to save your tax/national insurance contributions as you go along.

As for being a courier, its a competitive market. There are a lot of couriers out there, unless your working for a company and being self employed.
#3
Quite easy being self employed. Expect to do a fair bit of repetition regarding the form filling for your tax. Most of the info they already know but you've got to collate it all for them again!

Wouldn't be a courier tho, got a feeling you'll make virtually no money from that.
banned#4
if you do go self employed make sure you claim the working tax credit and put income down as zero depending on circumstances if you have young children you get more for their nursery fees also if you rent then your rent is paid by housing benefit

all this is great to become self employed it meens you still get money and not as many worries while you are trying to build up your business
#5
churchill
if you do go self employed make sure you claim the working tax credit and put income down as zero depending on circumstances if you have young children you get more for their nursery fees also if you rent then your rent is paid by housing benefit

all this is great to become self employed it meens you still get money and not as many worries while you are trying to build up your business


working tax credits depend on if the op has kids, works over 30 hours etc.
banned#6
bargainhunter2009
working tax credits depend on if the op has kids, works over 30 hours etc.


i did say about the kids but even if he didnt have kids he would still get rent paid and about £50 a week it all helps

as for hours he puts down 45
#7
Wow guys just read all your comments. I work 28 hrs as a childminder are you telling me if I increase my hrs to 30 I will claim benefits from IR????
#8
Mrs O
Wow guys just read all your comments. I work 28 hrs as a childminder are you telling me if I increase my hrs to 30 I will claim benefits from IR????


Do you have children? If not, subject to your income IF you work over 30 hours a week you may get working tax credit
banned#9
Mrs O
Wow guys just read all your comments. I work 28 hrs as a childminder are you telling me if I increase my hrs to 30 I will claim benefits from IR????


put you work 45 you dont make money for for the other 17 hours as that work is drumming up business

this way gives you the maximum amount of money:thumbsup:

you do not need to have children to get working tax
you do need to have children to get child tax
#10
churchill
put income down as zero


what?

you can't put your income down as zero if it's actually not zero!
banned#11
Benjimoron
what?

you can't put your income down as zero if it's actually not zero!


who cant

you put it down as zero and they amend it with the details they collect it just meens you get the most amount and dont mess anything up when filling in the form

but thats normally at the end of the financial year and if they have over paid you they take it out of next years tax credits but they wont of over paid you if you have done your books right so you havent made any profit in that year infact made a loss
banned#12
and when you start out as self employed as the op is talking about then his income is zero

and any money he makes he will be putting it back in the business
#13
I've been self employed for over 12 yrs now.

The financial situation at the moment is pretty tight for everyone, have to keep many fingers in many pies at the moment just to survive.
banned#14
ClarityofMind
I've been self employed for over 12 yrs now.

The financial situation at the moment is pretty tight for everyone, have to keep many fingers in many pies at the moment just to survive.


many many pies:thumbsup:
#15
Thanks for your ideas and suggestions,I will decide in the near futureon what to do and which direction to take.Would love to be my own boss,just a bit scared to get out there all by myself as I have never done that before and don't know anyone personally who is self employed to guide me.Thanx again to all of you..:D
#16
churchill
who cant

you put it down as zero and they amend it with the details they collect it just meens you get the most amount and dont mess anything up when filling in the form

but thats normally at the end of the financial year and if they have over paid you they take it out of next years tax credits but they wont of over paid you if you have done your books right so you havent made any profit in that year infact made a loss


I don't understand? You'd tell them you expect to make nothing for the whole year??
banned#17
Benjimoron
I don't understand? You'd tell them you expect to make nothing for the whole year??


they ask how much you earn not how much you think you will earn in the future or for the year
#18
churchill
they ask how much you earn not how much you think you will earn in the future or for the year


Tax credits ask how much you expect to earn in the year, not the amount you've earned as of day one as that's always gonna be zero isn't it? There'd be no point in them asking that question!!!

op, don't lie to tax credits, bad idea!
#19
ktony21
Thanks for your ideas and suggestions,I will decide in the near futureon what to do and which direction to take.Would love to be my own boss,just a bit scared to get out there all by myself as I have never done that before and don't know anyone personally who is self employed to guide me.Thanx again to all of you..:D


good luck with whatever you decide to do x
banned#20
Benjimoron
Tax credits ask how much you expect to earn in the year, not the amount you've earned as of day one as that's always gonna be zero isn't it? There'd be no point in them asking that question!!!

op, don't lie to tax credits, bad idea!



you expect to earn zero your just starting out, so unless your doing something like selling gold cheap then you dont expect to make the first year as you need to make contacts build up on customers and buy the items you need to run your business its not lying and its not breaking any rules i speak to tax credits other informative people tons because i like to know things these places dont like telling you how to do things to make the most of it

there is a few of us that do it this way totally legal and you can check with tax credits, most people just dont get the best out of this things
#21
churchill
you expect to earn zero your just starting out, so unless your doing something like selling gold cheap then you dont expect to make the first year as you need to make contacts build up on customers and buy the items you need to run your business its not lying and its not breaking any rules i speak to tax credits other informative people tons because i like to know things these places dont like telling you how to do things to make the most of it

there is a few of us that do it this way totally legal and you can check with tax credits, most people just dont get the best out of this things


Fair enough if you think you'll actually make nothing in the first year. Most people would want to earn something from it as you'll need money to live.
banned#22
Benjimoron
Fair enough if you think you'll actually make nothing in the first year. Most people would want to earn something from it as you'll need money to live.


its a business at the end of the day and most lose or break even on average for the first 3 years

you do need money to live thats why you get tax credits it might not be much to some people but its on par with job seekers allowance but you can try and make something and build a business when self employed on working tax credits and in this climate and the 1000s of people losing jobs every week its a different way to choose then going on jsa
#23
churchill
its a business at the end of the day and most lose or break even on average for the first 3 years

you do need money to live thats why you get tax credits it might not be much to some people but its on par with job seekers allowance but you can try and make something and build a business when self employed on working tax credits and in this climate and the 1000s of people losing jobs every week its a different way to choose then going on jsa


i certainly worked at a loss for the first year I was in business. Quickly teaches you to keep your outgoings to a minimum!!
banned#24
ClarityofMind
i certainly worked at a loss for the first year I was in business. Quickly teaches you to keep your outgoings to a minimum!!


yeah agree totally i find that if people are going into business for themselves its best to start from nothing and work for what you want to get the business too that way you have minimum overheads and not have the risk of losing big although becoming limited company stops this mostly but you can still the business you just dont lose personal assets

i personaly think if you havent a loss in business you cant really appreciate your earnings when you make a profit
#25
churchill
yeah agree totally i find that if people are going into business for themselves its best to start from nothing and work for what you want to get the business too that way you have minimum overheads and not have the risk of losing big although becoming limited company stops this mostly but you can still the business you just dont lose personal assets

i personaly think if you havent a loss in business you cant really appreciate your earnings when you make a profit


I have the first amount of money I earnt as a self employed person framed on my wall.. it was £7! I was and still am so proud of it :)
banned#26
ClarityofMind
I have the first amount of money I earnt as a self employed person framed on my wall.. it was £7! I was and still am so proud of it :)


lol i have the first cheque i recieved and didnt cash it:)

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