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
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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.