Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

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

 

About The Author

Elizabeth Hughes

A content writer specialising in business, finance, software, and beyond. I'm a wordsmith with a penchant for puns and making complex subjects accessible. Learn more about Elizabeth.

More posts by this author

Comments are closed.

Read more posts...

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More

The Accountancy Partnership – Our Positive Reviews

Here at The Accountancy Partnership, we’re proud of our customer reviews The reviews we receive from our customers show how hard we…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.