Chancellor is on now 5 PM self employed help

[topchippyles]

1 hour ago, swinny said:

Martin Lewis on ITV now helping and discussing

I posted a link on that this week,See if i can find it now 

[eggsarascal]

2 hours ago, kevinjohnsonmbe said:

I missed that....

 

I won’t get any shit for it because it’s me!

 

 

Says who like? Wind it in.

[topchippyles]

18 minutes ago, topchippyles said:

I posted a link on that this week,See if i can find it now 

Found it.Link to martin lewis site money saving expert 

 

Coronavirus Financial Help & Rights

[monkeybusiness]

Surely anyone self-employed has survived on their declared income in previous years (if everything you earned was ‘invested’ back into your respective business how did you afford to put a roof over your head/food on the table?). You are entitled to 80% of that declared income, the same as the rest of us are on our salaries. I understand that the delay in receiving it isn’t ideal but the actual principle is very hard to argue with surely? Or do you all want the moon on a stick?!!!!

[topchippyles]

Not had time to look at this tidy yet but is it Net or Gross earnings 

[doobin]

Usually when you make a large investment, it goes down as a capital allowance. So net profit say 50k, capital allowance of 20k against a machine brings this down to 30k taxable profit. 
 

Anyone know if the grant will be based upon net profit or taxable profit after capital allowances deducted? 

[kevinjohnsonmbe]

18 minutes ago, eggsarascal said:

Says who like? Wind it in.

Of all people I didn’t think I’d have to spell it out to you Egger. 
 

It’s me, laughing at me, not a PAYE laughing at a SE’d....

 

Ill get the crayons.....

[Ratman]

Of all people I didn’t think I’d have to spell it out to you Egger. 

 

It’s me, laughing at me, not a PAYE laughing at a SE’d....

 

Ill get the crayons.....

Can only accept crayola!

[kevinjohnsonmbe]

4 minutes ago, doobin said:

Usually when you make a large investment, it goes down as a capital allowance. So net profit say 50k, capital allowance of 20k against a machine brings this down to 30k taxable profit. 
 

Anyone know if the grant will be based upon net profit or taxable profit after capital allowances deducted? 

I don’t “know” but I’d take a fairly safe bet... ?

 

Best bet would be to pull yr pants down in preparation!

[topchippyles]

4 minutes ago, doobin said:

Usually when you make a large investment, it goes down as a capital allowance. So net profit say 50k, capital allowance of 20k against a machine brings this down to 30k taxable profit. 
 

Anyone know if the grant will be based upon net profit or taxable profit after capital allowances deducted? 

Will make a massive difference,Just come in from my workshop for bowl of stew and crack a tin open and will have a good look  into the details