DISABLED ENTREPRENEUR – DISABILITY UK
Disability UK Online Health Journal – All In One Business In A Box – Forum – Business Directory – Useful Resources – Health – Human Rights – Politics
DISABLED ENTREPRENEUR – DISABILITY UK
Disability UK Online Health Journal – All In One Business In A Box – Forum – Business Directory – Useful Resources – Health – Human Rights – Politics
Browsing Category
From April 2026, quarterly digital tax updates will become a legal requirement for many self-employed people. While MTD is intended to streamline the tax system, it also poses new hurdles for disabled entrepreneurs on Universal Credit, who already face disproportionate pressures in managing both business and health. The key is to prepare early, explore HMRC’s webinars and guidance, and seek out accessible accounting solutions.
Regardless if you are an able-bodied or disabled person, starting or expanding a business, one of the most important decisions is choosing the right legal structure. In the UK, the most common options are Sole Trader, Partnership, and Limited Company (Director-owned). Each comes with its own legal, financial, and tax obligations. Understanding the differences will help you make an informed choice, avoid pitfalls, and remain compliant with HMRC and Companies House.
Navigating Universal Credit (UC) can be a complex process, especially when it comes to declaring your income and expenses. Whether you’re a carer, a student, or someone balancing multiple sources of income, it’s crucial to understand what needs to be reported and what doesn’t.
Clear policies and guidance are essential to ensure that UC claimants can benefit from support intended to help them, rather than seeing it redirected to offset government expenditure.
For self-employed individuals, Universal Credit and other benefits usually consider profit (after expenses) as income. However, classifying profit as income can have a negative impact on a business.
There is often confusion around whether income for housing benefits should be based on drawings rather than profit. It’s a common misconception that profit, representing the overall financial gain of the business, should be treated as the business’s turnover, not the income of the person running it.
Although carers are not currently mandated to submit self-assessments, maintaining an accurate record of earnings and expenses is a critical practice. An Excel spreadsheet can serve as an invaluable tool, helping carers manage their finances, avoid overpayments, and provide transparency in their dealings with the DWP. By adopting this proactive approach, carers can ensure they receive the support they are entitled to without the stress of potential financial penalties.