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Staff 4

Employing Other People

Employers can be companies, sole traders, partnerships or LLPs

Employees

Things to consider:

  • Employment law
  • Contracts
  • Job description
  • Hours
  • Rates of pay
  • Benefits provided – Astons Accountants can help with P11Ds which deal benefits each year
  • How to run payroll administration – most clients prefer Astons Accountants to process this for them
  • Tax to be deducted
  • National Insurance
    • Employee’s contributions
    • Employer’s contributions
  • Pensions
    • Employee’s contributions
    • Employer’s contributions
  • Discretionary sick pay
  • Discretionary absence pay
  • Statutory sick pay
  • Statutory maternity pay
  • Statutory paternity pay
  • Statutory adoption pay
  • Parental leave policy
  • Flexible working policy
  • Equality policy
  • Health & Safety

Subcontractors/Outsourcing

Things to consider:

  • Terms
  • Hours/Jobs/Tasks
  • Rates of pay
  • Tax status – should you deduct 20%, 30% or have they been awarded Gross Status?

For the CONSTRUCTION INDUSTRY SCHEME (CIS) no subcontractor should ever be paid without “verification” from H M Revenue & Customs, so it is very important to always obtain:

  • Name
  • Address
  • Date of Birth
  • National Insurance number
  • Unique Taxpayer Reference (UTR)
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Mark was recommended to me by the local FSB representative. His practice is very professional, and I consider Mark and his team a key part of the running of my business – I highly recommend Mark and the team at Astons Accountants.

W. Richards, Managing Director
External-internal Consulting Limited, Luton, Bedfordshire