Universal Credit Support for the Self-Employed
Accurate income and expense reporting to support your Universal Credit claim.
If you are self-employed and claiming Universal Credit, the figures matter. Every month you have to report your income and expenses, and getting them wrong can affect your payments. At WPC Accountants, we take care of the accounting side, so your monthly figures are accurate, your records are tidy and your claim is backed by numbers you can rely on.
We support the financial and accounting side of your claim. Your eligibility for Universal Credit and the amount you receive are decided by the Department for Work and Pensions (DWP). We are not a welfare benefits adviser. For the rules and to apply, see Universal Credit on GOV.UK.
How we help with your Universal Credit claim
The accounting side of a UC claim comes down to accurate figures, tidy records and understanding the rules. Here is what we do.
| What we do | Why it helps |
|---|---|
| Monthly income and expense reports | We prepare the earnings figures you report to DWP each assessment period, so they are accurate and on time. |
| Clear, tidy records | We keep your self-employment records in order, which makes reporting quick and gives you evidence if DWP asks. |
| Help understanding the figures | We explain how your profit is worked out and how the Minimum Income Floor and start-up period may affect you. |
| Joined-up with your tax | The same figures feed your Self Assessment, so nothing is done twice and everything lines up. |
Universal Credit and self-employment: what you need to know
If you are self-employed and claiming Universal Credit, three things are worth understanding.
| Point | What it means |
|---|---|
| Monthly reporting | At the end of each monthly assessment period you report how much you earned and spent, even if it is nothing. We prepare these figures for you. |
| Minimum Income Floor | If you are treated as gainfully self-employed, DWP may work out your payment using an assumed level of earnings, even if you earned less that month. |
| 12-month start-up period | If you are newly self-employed, the Minimum Income Floor may not apply for up to 12 months, giving your business time to grow. |
Who we help
Delivery and private-hire drivers
Uber, Bolt, Deliveroo and similar โ variable monthly earnings prepared accurately each period.
Sole traders and freelancers
With a low or uneven income who need their figures in order for monthly reporting.
Newly self-employed
Get monthly reporting right from the start, with the 12-month start-up period in mind.
Anyone needing income figures
If you need help pulling together the income and expense figures for your claim, we can help.
How our support works
- 1
Free consultation
We talk through your situation and what you need for your claim. No charge, no pressure.
- 2
Set up your records
We get your income and expense records in order, ready for monthly reporting.
- 3
Monthly figures
Each assessment period, we prepare the earnings figures you report to DWP.
- 4
Ongoing support
We keep your records tidy, answer your questions and line everything up with your tax return.
Simple, Fixed Pricing
We agree a clear, fixed fee for the support you need, whether that is a one-off session or monthly help. Book a free consultation for a quote.
Book a free consultationNo obligation ยท Fixed fees ยท No hourly surprises
Frequently asked questions
- TODO: awaiting FAQ answer copy from the content team.
- TODO: awaiting FAQ answer copy from the content team.
- TODO: awaiting FAQ answer copy from the content team.
- TODO: awaiting FAQ answer copy from the content team.
- TODO: awaiting FAQ answer copy from the content team.
Get in Touch
Contact Details
Address
3rd Floor, 112-116 Whitechapel Road, London, E1 1JE
Phone
+44 7380 992174Office hours
Monday โ Friday, 10:00 am โ 6:30 pm