liability insurance

[grumpygrouter]

Thought it was your lad hillhead that you were taking on ? you cant deny him a qualification cos of a bit of paper work , its not as if hes gunna run to tax office and take you to an industrial court trial , i think your working relationship will be a bit more relaxed and less pressured than if it was trainee you didnt know .

That is not really the issue Bal, I don't think. If he took him on without registering he would be breaking the law and could go to prison. Much better for him to bite the bullet and do things correctly, be fully insured and operating within the law. If he wasn't declared as an employer, would any insurance he took out actually cover him for anything? i also don't think the training organisations would pay any grants either, unless the trainee was officially employed.

 

[bal]

That is not really the issue Bal, I don't think. If he took him on without registering he would be breaking the law and could go to prison. Much better for him to bite the bullet and do things correctly, be fully insured and operating within the law. If he wasn't declared as an employer, would any insurance he took out actually cover him for anything? i also don't think the training organisations would pay any grants either, unless the trainee was officially employed.

Wasnt implying for him to not register him just saying it will be a more relaxed working relationship cos its his lad , im doing the same with my lad thro leeds building college and im doing everything by the book , Hill head seems to be a bit put off by all the red tape and extra costs but i think in the long run over time the return will be worth it.

 

[grumpygrouter]

I agree with you Bal. To comply with the law isn't really that difficult as long as he keeps up with the legislation. All the regulatory stuff can easily be done in pretty much one software application. The only thing he would need to do manually is send back his monthly paye remittance by the 19th of the month. You even get the envelopes to do it for free!

It can be very daunting initially though to go through the process if you are unsure of what you are doing.

 

[hillhead]

Thanks Bal and grumpy,
you definetly know the score lads,i have a great working relationship already with my fella so will do whats right asap,it's great to know there is people on here in same position or know the ins and outs,much appreciated.

 

[Alberta Stone]

If you incorporate and then sign your son in as a shareholder/director then they are not technically an employee, they are an owner.
I don't know the laws in the UK but they should be similar to Canada as we are all commonwealth, eh?!:lol:
There are lots on nice ways to protect your earnings from the wage thieves that way.
Compared to the savings the costs of incorporating are relatively cheap.
But you have to keep your books in order. Not that hard, but important.

 

[grumpygrouter]

If you incorporate and then sign your son in as a shareholder/director then they are not technically an employee, they are an owner.
I don't know the laws in the UK but they should be similar to Canada as we are all commonwealth, eh?!:lol:
There are lots on nice ways to protect your earnings from the wage thieves that way.
Compared to the savings the costs of incorporating are relatively cheap.
But you have to keep your books in order. Not that hard, but important.

Bit of a sledge hammer for a small nut Alberta! Incorporation over here is full of administration and therfore, associated costs if you are not familier with what is needed. It would also make the youngster liable along with the other directors for any wrongdoing that may occur at company level (negligence etc.) Not a path to be taken lightly IMO.

 

[Alberta Stone]

Our cost of incorporation here was $600.
The paperwork and procedures are fairly simple and there are numerous resources to help out.
Yes liabilities would be an issue, but that is what liability insurance is for which we have.
We have done things this way for a decade and would never go back to the previous methods.
Staying on top of the books is key, but you need to do that in any case.
Sounds like they make it harder to do over there.

 

[james]

dan sure their use to be a link for public liability and had some good prices you still got the link. thanks

 

[Dan]

dan sure their use to be a link for public liability and had some good prices you still got the link. thanks

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[the jock]

i thought you did not need employers libability if you were employing family, ie the wife or the kids

 

[White Room]

Your employing someone, Albeit family or friends