Showing results for tags 'self-employment'.
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Hi, After my last company crashed and burned due to unforseen circumstances, and after much thought I've opened up another company. It was opened July 2012 but because I was still in the process of liquidating the previous one, I left it on the sheft as dormant with no books. As soon as the old company was dissolved, I got started on doing the research to get the companies business plans etc... into place. Due to the nature of the business this is not an easy task. Today a week ago I get a letter from the council stating that they want ALL of the companies financial details, which there are non of. Furthermore, they class me as 'self employed' despite being the sole director employed by my LLC. Should they be asking about earnings of a LLC? Furthermore, they tell me this morning, that they need a financial forecast for the next year WITHIN A WEEK. How can I homestly sit down and prepare an entire business plan in a bleeding week? THere's ALOT of research to do, loads of companies to contact despite quite a few laws and regulations to look up before I can even think that far ahead. I explained this, and she said she can give me a week extension (LOL). If I can't provide this information, then they will dock me for so many months HB and CT benefit OVERPAYMENT. If I just bodge numbers together, this is pretty much fraudulent as they aren't true figures which I haven't yet researched. If I come up with estimates, and these differ from any one of the drafts of final plan, I can be done for fraud again. What should I do about this? I'm at a loss... Luckily, I can cover the period from Oct '12 - April '13 with proper balance sheets from my old business. BUt in terms of this new business, i can't even fathom what my income or expend will be. Let alone what all of my investment applications will result in. Any helps would be much appreciated Thanks Adrian
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