Nickie looks back at how she grew her business and what is involved in employing staff…
I started in business six years ago. I feel proud to have my own business, but the road has been eventful with some downs as well as ups! Having had these experiences, I feel I can support my customers along their own journey into business.
Employing staff is something that many of my customers look for advice and support on. We run a large payroll department and help employers with 1 to 70 employees processing their pay, printing payslips and keeping them up to date with changes.
I began working alone and building up my business from my office at the Boathouse Business Centre in Wisbech. I enjoyed being on my own, however I soon realised that I couldn’t be in two places at once. I couldn’t meet the needs of my customers all by myself. Sometimes I felt that I was in need of some help, yet other times I felt I wasn’t sure if I had enough work for them.
If this sounds familiar then this is what I did: I had to decide to go for it. I found someone I thought would be suitable, they were experienced, looking for part time work and someone who luckily I knew. I looked at the cost of the wages, and worked out how much work I would need to cover this. Then it was all down to me taking the risk. I had to make the decision, no one else could do it for me. I was anxious, the first month of having an employee went so quickly. Suddenly I found myself not remembering being alone. How did I manage before?
The first employee was a great help, support and most of all, I was able to go out, grow the business and repeat it all again. I now have 6 employees and the growth of the business each time has enthused me to keep driving on and I am happy to be able to provide employment.
When you make the jump to employ someone there is an obligation to register with HMRC. Each time you pay the employee you need to deduct the appropriate tax and national insurance. These deductions vary depending on their other income, their age and their total earnings this year so far. When you pay the employee the amounts you deduct from them have to be paid over to HMRC. If you are facing these questions we are here to help and can assist with all stages of employing staff.
If you need any help or advice on any employment issues, you can contact us in 3 ways:
- Write to us: Bantoft & Co. Ltd The Boathouse Business Centre No.1 Harbour Square Nene Parade Wisbech Cambridgeshire PE13 3BH
- Call us on 01945 581102, or our mobile number is 07795 955692
- Email us at email@example.com