Business Owners can’t afford time off

We always suspected that a business owner couldn’t afford to be sick and from next April this will be even more pertinent. It will no longer be possible for small businesses to reclaim a proportion of any Statutory Sick Pay paid in a month. So if you or your staff are laid low, there will be even less cashflow to the business. The money saved by government is being invested in a new Health and Work Service. Visit https://www.gov.uk/government/policies/helping-people-to-find-and-stay-in-work/supporting-pages/co-ordinating-the-health-work-and-wellbeing-initiative for lots of “useful” information on keeping a healthy workforce.

Childcare Vouchers

Don’t forget that if you use a registered childcare provider, you can claim childcare vouchers worth £243 per month through your company (a bit less if you are a higher rate taxpayer). Even after the administration fee you have to pay, the net saving should be at least £330 per annum.