If you are not fully compliant HMRC can reclassify your subcontractors as employees and go back to earlier years and calculate the PAYE tax and National Insurance you should have deducted and charge interest and penalties – even if you have deducted the CIS tax!
No self-employed tradesperson sets out in business thinking they will end up in court to defend their interests. But it happens - sometimes for reasons you can’t envisage or even understand.
Ten or maybe even twenty years from now – even if your company grows to employ many tradespeople – a stand out memory will be when you took the plunge and hired your first employee.
Self-employed tradespeople held fully accountable for accidents in the workplace. Health and safety is paramount and tradesmen need to be aware of their responsibilities.
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