Please help as I have a PEO appointment next month and I am getting very mixed messages on how I should have maintained my self employment accounts. I am employed and also working as a part time black cab driver. I will be claiming part of my earnings (7,600) from self employment for my tier 1 general extension. I share cab with my brother-in-law on very flexible terms i.e. I had to pay my road insurance and bit of other expenses only, to him. He is not taking any weekly rental etc from me. I paid £2200 to him by a bank transaction. Now looking at my case from case worker's point of view ( and was also said by my solicitor in today's meeting) that this is not a straight forward case of self employed earning. He thinks the accountant (which is properly qualified accountant) did not have experience in dealing with a home office case other we should have advised me to keep my earning and expenditure separately maintained for this car. He thought I shall hire another accountant to justify my expenses in a better way.
My brother-in-law is happy to give me a supporting letter saying that I am not liable for any other expenses. I dont know if such a statement from somebody although supported by accountant will make a big difference? I am not sure whether I shall now agree on a weekly rent and pay it to him for past year now? Infact it might mess up my net earnings as this stage! and it will be one transaction which is not usual in taxi business.
My questions are:
1. Will it be 'digestable' for the case worker that I am not liable for many expenses that I would have been in a usual case of business?
2. Is these type of earnings (involving financial favour from some one) are acceptable for tier 1 application?
3. Would the explanation from accountant be sufficient that other driver (owner of car) is bearing major expenses?
Any comments/help will be much appreciated.
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