Is a worker employed or self-employed?
PayrollHMRCs CEST (Check Employment Status Tool) is designed to help you identify how a worker should be classed, employed or self employed, and ultimately how their tax and NI should be paid.
HMRCs CEST (Check Employment Status Tool) is designed to help you identify how a worker should be classed, employed or self employed, and ultimately how their tax and NI should be paid.
Whatever type of business you have the aim is to have more income than your expenses leaving you with enough profit to pay your taxes and have enough money for you to live on.
All employers have an obligation to have an auto enrolment pension scheme if they have staff who meet the criteria to be auto enrolled or if they choose to join. Once you have a scheme you have ongoing duties which include
If an employee is off work due to sickness for 4 days or more consecutively they may be entitled to receive Statutory Sick Pay (SSP). Not all employees will be entitled to received SSP
Having a separate bank account for your business expenses and income keeps your business spending separate from your personal spending and enables you to easily see if your business spending is exceeding your business income.
