stacieepg
01-07-2014, 06:41 PM
Hi Guys,
Im considering the possibility of employing an assistant as I've now reached the limit on my numbers.
I see 2 benefits:
1.) I get some Adult Company & Assistance throughout the day
2.) I can take on more children, thus increasing my earning potential
I have a friend who I think would be quite interested. Ive thought long and hard and see the best way as follows.
1.) She registers herself as self employed through HMRC and does her own tax self assesment and I pay her as a contractor.
(i think this solves issues around employment legislation and things like minimum wage)
2.) She gets herself a CRB sorted and I register her as my assistant.
3.) I pay her a percentage of any income made from any children we take above my own numbers. Thus she has the opportunity to earn well if business is good but is also very aware that if the business isn't there I will not require her services.
What I'm interested in is advice as I'm still new to this. Does the above sound sensible? What do you guys do? What advice can you offer?
Thanks
Stacie
Im considering the possibility of employing an assistant as I've now reached the limit on my numbers.
I see 2 benefits:
1.) I get some Adult Company & Assistance throughout the day
2.) I can take on more children, thus increasing my earning potential
I have a friend who I think would be quite interested. Ive thought long and hard and see the best way as follows.
1.) She registers herself as self employed through HMRC and does her own tax self assesment and I pay her as a contractor.
(i think this solves issues around employment legislation and things like minimum wage)
2.) She gets herself a CRB sorted and I register her as my assistant.
3.) I pay her a percentage of any income made from any children we take above my own numbers. Thus she has the opportunity to earn well if business is good but is also very aware that if the business isn't there I will not require her services.
What I'm interested in is advice as I'm still new to this. Does the above sound sensible? What do you guys do? What advice can you offer?
Thanks
Stacie