What do I need?

[marc8]

Hi All
took lad on last year, let accountant know, paid £30.00 per day which basically gave him min wage at his age.
but what i did not realize was that from day one he was earning holiday it was when accountant sent me an email about 3 months later saying he had so many days.
f..k me i thought he is better off than me paid holiday.

anyway still with me, but you will need to pay about £30 a day & don't forget he will accumulate holiday, another £10 per day if you want to get your money back, so break even point without insurances £40.00, his worth jack s..t for about a year or if you have the one i have 1.5 years.

do it all above board because if anything does happen it can get very serious very quick.

 

[uksparks]

Thanks marc8, ill see how it pans out over the next couple of weeks on a casual basis, but in September he will only be able to do 2 days a week, so will probably sort something better for then.

 

[Guest77]

i,m not sure if you do need to stop CIS, as his earnings will be below the tax/NI threshold.

If you employ anyone a monthly return needs to be carried out and on time or you will get a 100 pound fine, I agree there will be no stopages but a return must be carried out regardless of any moneys changing hands between an employer and HMRC.

 

[GMES]

Is it not possible to take him on as an apprentice, I may be wrong( which according to mrs Gmes is quite often) it won't cost much a week and he gets all is funding, plus you then get him for 4 days a week, win win all round.

 

[marc8]

When I took lad on he mentioned apprentice word & I had been down this route before to break even you need to charge quite a lot, government pays for books & college, you have to pay the day off & insurance + assessment days.
Cost to me to break even was over £5.00 per hour.
1st year they are only to observe as well this is all laid out by the college no hands on work for 1 year.
Way I did it said to lad if you are serious out yourself through training 1day week & work for the rest, from day nor he can be on the tools no extra day to pay for & if he picks it up I can up his money if doesn't pick up no extra money.