The benchmark scale rates provide a simplified method of claiming expenses for a business trip, without the need to record every single expenditure or keep all your receipts.
These rates deal with what your limited company can pay you in tax free expenses and are not necessarily connected to what you bill the client.
Are supply teachers entitled to holiday pay? While pupils and permanent staff look forward to the school holidays, for supply teachers they often come with added financial pressure. The one real downside to supply work is that you only get paid when you’re actually working, which can make for difficulties when schools are closed.
There are a number of reasons why you might want to pay family members through your limited company. Maybe you want to help your child develop their skills or beef up their CV, or perhaps your spouse wants to get more involved with your business? Employing family members can turn your company into a true family business, and it comes with some built in advantages too.
Supply teachers often ask us about Statutory Maternity Pay, and a surprising number assume that they won’t qualify because they work in supply. In many cases, the teacher calls us (their employer) to request an SMP1 form so they can claim Maternity Allowance, having discounted the possibility that we might pay SMP. Luckily for them, they’re employed by Orange Genie Education, and our expert team can make sure they get the right advice.
Have you ever thought about how you and your dependants would financially cope if you were to develop a critical illness?
Some of the most serious conditions, such as heart attack, stroke and cancer, are referred to as a ‘critical illnesses’ by the financial services industry and although survival rates are now much better than 20 years ago, if you are unlucky enough to be affected, these could lead to serious financial consequences for you and your family if you do not have adequate insurance cover in place.
