One of the most common questions we get when it comes sole traders is: am I allowed to employ staff?

The simple answer is yes, sole traders can recruit staff but where it becomes trickier is knowing when the time is right to do so.

Knowing when to employ staff when you’re a sole trader

The identity of a sole trader is a real mixed bag and can vary drastically from person to person, so pinning down the time when recruitment might be required will be different for everyone.

For this reason, it’s pretty impossible to give you one definitive answer about when you need to start rolling the job vacancy adverts out.

However, there are some alarm bells or red flags that everybody across the board should look out for to help them with this decision.

You can pick up on these by regularly asking yourself the following set of questions:

If you find yourself answering yes to even just one of the questions outlined above, it may very well be time to start building yourself a workforce.

Enlisting the help of an extra pair of hands (or multiple pairs of hands if you see fit) can be instrumental in providing invaluable benefits including:

Some important things to remember!

If you are a sole trader thinking about hiring your first employee(s), here are some essential factors to keep in mind:

If you would like some more information or expert advice on any of the points mentioned above, don’t hesitate to get in touch with our team of qualified finance professionals who’ll be more than happy to help.

Reach us by phone on 020 3355 4047 or by sending an email to info@theaccountancy.co.uk

 

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