human resources (HR) can incorporate a number of businesses. If your business deals in people you will be familiar with issues such as poor cash flow for temporary staff. This creates a funding issue as you will usually have to pay the workers weekly whilst waiting for monthly invoices.

You will have been affected by the new PAYE regulations which put tighter controls on the definition of CIS workers with the burden shifting to the employee. Employment law is a complex area and often confusing to workers in the industry. If you are not fully compliant with the law the financial and legal implications can be harsh.

HR also has low barriers to entry which creates fierce competition in an industry where diversification isn’t always possible.

How we can help

We work with a number of companies in the industry and have experience of dealing with the issues involved.

We can advise on cash flow management and ensure you are aware of when all your expenditures hit. As Chartered Tax Advisers we can also advise on the intricacies of the new PAYE regulations which could prevent the occurrence of fines and legal issues.

If you would like to find out how we can help you and your business call us now on: 0870 770 8111.