ok, hopefully someone can help....I am hoping to start up a small cleaning business in august on a part time and term time basis as i have three children. I have someone who is able to use my services for 17.5 hours per week for 39 weeks of the year (term time) on that basis in works out £5119 per annum. I have contacted tax credits and they have confirmed they still treat me as a full time person however when working out my entitlement I gave them the approx annual figure £5,119 I know I wont need to pay tax or NI as under the threshold but if I have expenses to take off that figure will my entitlement reduce? or do they base it on my gross income? sorry if sound dumb.......ok also have another query, because I am only working term time in I will only be earning in those weeks I will have some weeks with no income, however they people I will be cleaning for are happy to pay me the annual figure over a 52 week period rather than over 39 weeks,I am happy with that but not sure how that works for tax man etc as I have never been self employed before......or am I better invoice weekly and just put money aside for the unpaid weeks?? sorry if this doesnt make sense lol as you can see getting myself very confused .......HELP please...
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