I have just started the company, my overheads are Car ( the company i work for supply), so i pay for fuel only at the moment. I would like to rent a vehicle through the company but with limited start up funds this was the arrangement.
Phone, broadband, some hotels, food when away and dry cleaning.
The money with in the company i would like to invest in tools, IT equipment and a vehicle.
my overheads are very limited.
I will declare all dividends paid to me so the csa can assess the amount my children will recieve which isn't a problem.
I just think its strange they can assess me on my company turn over not the wage and pension i recieve each month.
The firm i was working for went bust at the end of July. I was paying 350.00 a month (payed every month on time for the last 13 years) as a private arrangement.
But to get employed again i had to start my own firm. It then took 2 months to get the finanaces sorted so i asked if we could suspend payments untill i got sorted and start paying again. But i asked to reduce the amount as i was getiing less income.
She did not agree and said she wanted to go to the CSA.
I have now been assess and been left in the situation where i am being assess on the company turnover and not my income.
So this is the first assessment.
yes 2 months of company accounts. Because i could get a loan of the bank for vehicle and tools i was keeping the money in the company till i could afford to buy/rent so it looked like i was doing ok.
I have paid myself £ 660 per month from my company and £470.00 from my pension. This is what i live off.
I invoice £190 per day I work, I spend about £1,000 a month on overheads which i claim back from company (mainly fuel and IT equipment).