Self employed question?

[pce950]

Hi

I'm currently self employed as a sole trader and I'm about to start another business so in effect I will have two sole trader businesses.

I just have two questions.

1. Can I combine my self employed earnings from both businesses and use it towards the £18600 requirement and do I need to be doing my new business for a full year or a full tax year April to April? So for example if I start the business next month and my total income from both sole trade businesses adds up to £18600 until April tax end next year this should be ok?

2. As self employed income is not always regular monthly. Does regular monthly income need to be shown every month from the businesses into your bank account or as long as you get the total of £18600 it doesn't matter if your earnings are every month going into your bank account as you could have a few good months where you get most of your self employed income? In other words as self employed you have good months and bad months and some months you may have little or no earnings.

Hope that makes sense.

Thanks.

[pce950]

Anyone?