Financial Requirement Question - FLR (M)

[db101]

My wife is applying for her first FLR(M) as i am going for ILR LR

she got anticipated earning 16k from self employment (different sources) for the period 2020-21

Source 1: 11k from work for different companies
Source 2: 2.7k from renting one house room
Source 3: 2.3k cash income

Q1: is she will file self assessment, will pay tax & bank account statement in order to show income.

Q2: she has about 2300 cash income on top of bank income which she will declare in accounts, but this cash doesn't goto bank. how she can prove that (bank statements and cash receipt?)

Q3: she will apply in july-aug is that ok to send 2020-21 accounts.

Thanks for your time.

[TODMATT]

My wife is applying for her first FLR(M) as i am going for ILR LR

she got anticipated earning 16k from self employment (different sources) for the period 2020-21

Source 1: 11k from work for different companies
Source 2: 2.7k from renting one house room
Source 3: 2.3k cash income

Q1: is she will file self assessment, will pay tax & bank account statement in order to show income.

Q2: she has about 2300 cash income on top of bank income which she will declare in accounts, but this cash doesn't goto bank. how she can prove that (bank statements and cash receipt?)

Q3: she will apply in july-aug is that ok to send 2020-21 accounts.

Thanks for your time.

Savings can't be combined with self employed.

[db101]

@TODMATT

we don't have any savings? above is 1 year earning.

[TODMATT]

My wife is applying for her first FLR(M) as i am going for ILR LR

she got anticipated earning 16k from self employment (different sources) for the period 2020-21

Source 1: 11k from work for different companies
Source 2: 2.7k from renting one house room
Source 3: 2.3k cash income

Q1: is she will file self assessment, will pay tax & bank account statement in order to show income.

Q2: she has about 2300 cash income on top of bank income which she will declare in accounts, but this cash doesn't goto bank. how she can prove that (bank statements and cash receipt?)

Q3: she will apply in july-aug is that ok to send 2020-21 accounts.

Thanks for your time.

Please ignore my previous comment above.

[TODMATT]

My wife is applying for her first FLR(M) as i am going for ILR LR

she got anticipated earning 16k from self employment (different sources) for the period 2020-21

Source 1: 11k from work for different companies
Source 2: 2.7k from renting one house room
Source 3: 2.3k cash income

Q1: is she will file self assessment, will pay tax & bank account statement in order to show income.

Q2: she has about 2300 cash income on top of bank income which she will declare in accounts, but this cash doesn't goto bank. how she can prove that (bank statements and cash receipt?)

Q3: she will apply in july-aug is that ok to send 2020-21 accounts.

Thanks for your time.

Please ignore my previous comment above.

If you are intending to use the cash income then it won't be possible due to the fact, the cash doesn't reflect in your bank account.

[db101]

Thanks we have to deposit into bank if we want to count.

another question if you can help.

I have earning (salary) from my company which is 17k.

my company 12 months account period is completing after 2 months of my wife submiting application.

how i can deal with above, if i will not add my earning the requirement will not be met.

for information i also file self assessment as director.

Many thanks.