Claiming Tax Credits When Self Employed
July 21st, 2010
Question: lots of questions re: signing on / jobseekers / benefits can you help?
can anyone please explain in real easy terms whats what here. hubby and i are self-employed and work is drying up rapidly, we are getting worried that there wil be no work at all soon, what do we do? i get child tax credit and hubby gets a small amount of working tax family credits – can we apply for rent/council tax benefit now? do we have to wait ’til we have no work? how do we prove we have no work no income? what happens if a bit of work comes along whne we are claiming jobseekers – say 2 days work – we obviously take it, so do we come off jobseekers for 2 days then sign on again? lots of questions, w’ve been luckcy enough to have never had to do this before – also how do we prove we a jobseeking when claiming? do we sign on indiviually? if we claim obseekers do we automaticlly get rent and council tax paid? would really appreciate hearing from somone who is going through this – thanking you
Answer: What they normally do is calculate how much money you are making from your business at the moment and if it is under a certain amount you can get some kind of benefits. if you work 16 hours or less you can still qualify for most benefits but any more than that is classed as fully employed. You should just go to the job centre or social services and they will explain everything to you, and tell you what you are entitled to – if anything.
also if you go on to benefits and you find some sort of paid work, even if it is only a couple of days or whatever you still have to declare it to them
Savings possible for 2009
First, the bad news. It’s tax time. The good news? Seniors can save on their taxes when filing their 2009 return if they know where to look. Now I’m not the money columnist for the paper and I’m not qualified to give financial advice.
IRS Self Employed Tax Deductions & Write Offs 2010, 2011
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