What are some self-employment best practices that will help with SSI/SSDI?
- Use a separate business bank account and deposit all income attributable to the business into this account.
- Taking money out of the business, known as Owners Draw, often is NOT income for SSI/SSDI purposes, as it is accounted for in the Net Profits calculation. But if it remains in a personal account at the end of the month it will become a resource that counts against SSI/SSDI.
- If you are on SSDI, working 80 hours/month (regardless of net income) will count as a Trial Work Month (TWM).