A question we are frequently asked is “Is it better to hire staff as employees or as self-employed contractors?”
The answer depends entirely on you individual business need and each option has its own merits.
Employees provide much greater certainty in knowing what resources are available, when and with what skill-set.This not only enables you to plan ahead more accurately but it gives you greater control over what tasks are carried out, by whom and how much it will cost.
As an employer it is worth noting you will have a number of statutory obligations to uphold such as holiday entitlement, termination notices, working hours, maternity & paternity pay plus many others.
In contrast, whilst self-employed contractors mean fewer statutory obligations for employers and greater flexibility to provide work based on customer demand, there is no guarantee the person will be available when you need them.
In addition, if the work becomes “regular”, you…
When asked “Do you have a Will?” These are the responses people sometimes give:
- “We have not been married long – we do not need to write a Will yet”
- “Why do I need a Will – I have nothing to pass on”.
- “We already have a Will – we had it written years ago”.
- “We had a free Will written recently – it was an optional extra when we opened a bank account”.
- “We have a young family and there is so much going on at the moment, we have not got around to it”.
Many people may resonate…
The primary school of legendry Welsh actor Richard Burton is to be redeveloped thanks to a local property developer.
Pontrhydyfen Primary School will be developed in to residential accommodation thanks to Superb Properties, whose Director Arthur Thomas’ children attended the school and still has family living in the village.
Darren Lewis, Partner and Property Development specialist at Peter Lynn and Partner who advised on the deal commented “It was a very sad day for the village when the local authority closed the school however rather than be left to decay or be demolished, the school is able to open a new…
Hindsight is truly wonderful thing.
The clarity of knowing what you should have done can cause a frustration like no other. Add in a few “I told you so” comments, a hefty financial bill and you can be sure you will not forget the lesson learned in a hurry.
For those who have been through a business breakup, especially where there isn’t an agreement in place, you will know only too well the need to have a written partnership or shareholder agreement, no matter how strong the relationship is to begin with.
Many businesses are formed on a handshake agreement and whilst…
Peter Lynn and Partners were formed in 1999 with one aim – to prevent legal problems. Eighteen years later and it remains at the core of everything we do but where did the objective come from? Peter Lynn explains.
“Having spent a lot of time on the legal circuit in Wales and London, I represented a high number of Owners including successful Directors and Partners of multi-million pound businesses who were suing each other over disagreements. What always surprised me was that these successful partnerships had Terms & Conditions in place for the deals they did with clients but nothing…
Any business employing staff will have someone responsible for HR.
This could be the owner if it is a small business or a HR team if it is a larger company.
Whilst the vast majority of companies seek to operate in line with UK Employment Law, for those who do not have a legal partner in place, the first time they become aware of any legal shortcomings is when they engage a legal practice to represent them in an employment tribunal.
Employment contracts, staff hand books and other documentation is in place for many businesses however it is not always kept up…
If you run a small business and have “big-businesses” as your customer base, you know only too well the stress caused by late payments of invoices.
Many small businesses worry that if they cause a fuss, they may jeopardise a potentially lucrative contract however when invoices are unpaid for 60 days, 90 days and sometimes longer, it can have a detrimental impact.
Fortunately, a new Government Act is on the horizon that could help the situation.
Payment Practices of Large Companies Tackled by the Small Business, Enterprise and Employment Act 2015.
One of the key provisions of the Small Business, Enterprise and Employment…