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Hi Sushdmehta, for self employment earnings, would it be ok to provide consultancy service to a company where the consultancy is in regards to a new business they are planning to open? Can I in that case invoice the existing company for my services (will do Non-VAT invoice). Appreciate your views on this.Many thanks. Views of other experts are also welcomedsushdmehta wrote:The "only way" to make up for the shortfall in earnings (that you need at minimum to qualify for extension) is to work more than one job.
Whether you do it as a self-employed or through employment with an umbrella company or in any other "legal"manner is your own choice.
Yes.sam52 wrote:Hi Sushdmehta, for self employment earnings, would it be ok to provide consultancy service to a company where the consultancy is in regards to a new business they are planning to open? Can I in that case invoice the existing company for my services (will do Non-VAT invoice). Appreciate your views on this.Many thanks. Views of other experts are also welcomedsushdmehta wrote:The "only way" to make up for the shortfall in earnings (that you need at minimum to qualify for extension) is to work more than one job.
Whether you do it as a self-employed or through employment with an umbrella company or in any other "legal"manner is your own choice.
Thanks for the reply buddy.tier1Reading wrote:Yes.sam52 wrote:Hi Sushdmehta, for self employment earnings, would it be ok to provide consultancy service to a company where the consultancy is in regards to a new business they are planning to open? Can I in that case invoice the existing company for my services (will do Non-VAT invoice). Appreciate your views on this.Many thanks. Views of other experts are also welcomedsushdmehta wrote:The "only way" to make up for the shortfall in earnings (that you need at minimum to qualify for extension) is to work more than one job.
Whether you do it as a self-employed or through employment with an umbrella company or in any other "legal"manner is your own choice.
sam52 wrote:Thanks for the reply buddy.tier1Reading wrote:Yes.sam52 wrote:Hi Sushdmehta, for self employment earnings, would it be ok to provide consultancy service to a company where the consultancy is in regards to a new business they are planning to open? Can I in that case invoice the existing company for my services (will do Non-VAT invoice). Appreciate your views on this.Many thanks. Views of other experts are also welcomedsushdmehta wrote:The "only way" to make up for the shortfall in earnings (that you need at minimum to qualify for extension) is to work more than one job.
Whether you do it as a self-employed or through employment with an umbrella company or in any other "legal"manner is your own choice.
Can anyone please help me with one more query...tried to look for it on some other threads as well
For a tier 1 extension with self employed ( sole trader), the accountant has mentioned the gross sales and the net profit in the letter and I have another supporting document as the bank statement along with invoices raised for each month. Now, would home office be ok to relate the,lets say, 6 different amounts highlighted in bank statement with the gross/net amount mentioned in the accountants letter ? JUst to add to this, the letter from accountant does mentions the earning period .Appreciate your quick reply. Many thanks for the help.
sam52 wrote:Thanks for the reply buddy.tier1Reading wrote:Yes.sam52 wrote:Hi Sushdmehta, for self employment earnings, would it be ok to provide consultancy service to a company where the consultancy is in regards to a new business they are planning to open? Can I in that case invoice the existing company for my services (will do Non-VAT invoice). Appreciate your views on this.Many thanks. Views of other experts are also welcomedsushdmehta wrote:The "only way" to make up for the shortfall in earnings (that you need at minimum to qualify for extension) is to work more than one job.
Whether you do it as a self-employed or through employment with an umbrella company or in any other "legal"manner is your own choice.
Can anyone please help me with one more query...tried to look for it on some other threads as well
For a tier 1 extension with self employed ( sole trader), the accountant has mentioned the gross sales and the net profit in the letter and I have another supporting document as the bank statement along with invoices raised for each month. Now, would home office be ok to relate the,lets say, 6 different amounts highlighted in bank statement with the gross/net amount mentioned in the accountants letter ? JUst to add to this, the letter from accountant does mentions the earning period .Appreciate your quick reply. Many thanks for the help.