Earnings

hello all'
Is this what
KFdancer was talking about..this what she paid herself  it think the business part to follow

Calculation Result for 2015-16
Income received (before tax taken off)
Profit from self-employment 19,298.00 Total income received 19,298.00
minus
Income Tax relief 8,940.00 Personal Allowance 10,600.00 Total 19,540.00
Total income on which tax is due 0
How I have worked out your Income Tax
Total income on which tax has been charged 0
Income Tax charged 0
plus Class 4 National Insurance contributions 2,298.00 x 9% = 206.82 Plus Class 2 National Insurance Contributions 145.60 Class 2 and Class 4 National Insurance contributions due 352.42
Income Tax, Class 2 and Class 4 National Insurance contributions due 35

Eddy, ask the accountant what the taxable profit from the business is.  That's the figure that needs to be over £18,600.

I believe right now, the accountant is taking £8,940 of expenses off the profit, meaning your wife will not be able to sponsor your visa.  If this is the case, she does NOT want to take this allowance.  If she pays tax on that £8,940, you will meet the requirement.

Very key - what was the business's taxable profit between April 6, 2015 and April 5, 2016?  This is the number you care about.

Eddy, ask the accountant what the taxable profit from the business is.  That's the figure that needs to be over £18,600.

I believe right now, the accountant is taking £8,940 of expenses off the profit, meaning your wife will not be able to sponsor your visa.  If this is the case, she does NOT want to take this allowance.  If she pays tax on that £8,940, you will meet the requirement.

Very key - what was the business's taxable profit between April 6, 2015 and April 5, 2016?  This is the number you care about.

 You now have a net income  of £19,298 with a tax and NI bill of £352.42, leaving a cleared figure of £18,945.58.

Here you Go: She was paying her self £380.00 per week since June 2014, but its will only be from 2015 - 2016.

Income received (before tax taken off)
Profit from self-employment 19,298.00
Total income received 19,298.00
minus
Income Tax relief 8,940.00
Personal Allowance 10,600.00
Total 19,540.00
Total income on which tax is due 0
How I have worked out your Income Tax
Total income on which tax has been charged 0
Income Tax charged 0
plus C lass 4 National Insurance contributions 2,298.00 x 9% = 206.82
Plus C lass 2 National Insurance C ontributions 145.60
Class 2 and Class 4 National Insurance contributions due 352.42
Income Tax, Class 2 and Class 4 National Insurance contributions due 352.42

Here you Go: She was paying her self £380.00 per week since June 2014, but its will only be from 2015 - 2016.

Income received (before tax taken off)
Profit from self-employment 19,298.00
Total income received 19,298.00
minus
Income Tax relief 8,940.00
Personal Allowance 10,600.00
Total 19,540.00
Total income on which tax is due 0
How I have worked out your Income Tax
Total income on which tax has been charged 0
Income Tax charged 0
plus C lass 4 National Insurance contributions 2,298.00 x 9% = 206.82
Plus C lass 2 National Insurance C ontributions 145.60
Class 2 and Class 4 National Insurance contributions due 352.42
Income Tax, Class 2 and Class 4 National Insurance contributions due 352.42

Cool.  What about expenses?

So her total earnings must have been well above £19,298.  How much were they and what were her expenses?

I will get that  Monday the completed documents..

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Awesome. You are so close to having your visa!!

Awesome. You are so close to having your visa!!

£55659 which included the £19 +, so without the 19,298 it would be much less

 She just called to tell me that

It because of all the help here..and proper direction ..yes..so now i have to make sure everything is properly  written out and filled properly..