Members in Practice - Taking on staff - MyICB Bookkeepers Forum

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Taking on staff

Penny Allard

Fellow PM.Dip
Practice Licence
12 posts

# 118878
Tue 07 Jul 2020 09:13 PM

I have been approached to quote for a job whic I know will be too much for me to complete on my own alongside my other clients. I have been considering expanding and taking on staff and this seems a good opportunity. I have someone in mind to employ. They are AAT Qualified, but have not kept up their membership. They have, however been teaching AAT, so knowledge is up to date.

What things do I need to consider if I decide to go ahead with this? My first thoughts are notifying ICB for under my practice license, employment contract, payroll, insurance (both professional indemnity and employers liability). Anything else I have forgotten?

Thanks

Lady M

Fellow PM.Dip
Practice Licence
258 posts

# 118880
Wed 08 Jul 2020 11:40 AM

I am following this post, I've emailed ICB four times over the last month with almost exactly the same question to try to get some advice but have had no answer.

Any advice from members running a practice with staff would be most appreciated

MorrisLeach

14 posts

# 118887
Sat 11 Jul 2020 06:59 AM

I am interested in this too

Perhaps it would be a good topic for ICB TV?

Marta

Member PM.Dip
Practice Licence
5 posts

# 118888
Mon 13 Jul 2020 09:11 AM

Hello Penny,

I am employing two staff members currently and you didn’t forget about anything. Employer Liability Insurance, contract of employment. payroll You need to add staff member to your professional indemnity insurance, add staff name on ICB in section my practice details. I am using small HR company for all staff paperwork, contract of employment confidentiality agreements etc.

Good Luck!

Penny Allard

Fellow PM.Dip
Practice Licence
12 posts

# 118889
Mon 13 Jul 2020 09:49 AM

Marta said:

“
Hello Penny,

I am employing two staff members currently and you didn’t forget about anything. Employer Liability Insurance, contract of employment. payroll You need to add staff member to your professional indemnity insurance, add staff name on ICB in section my practice details. I am using small HR company for all staff paperwork, contract of employment confidentiality agreements etc.

Good Luck!
”

Thank you. That's reassuring to know. Feels a very big step, but one I have been toying with for a while. If I win this new client, they are large enough to hopefully make employing staff viable.