Orange Genie News

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.

Statutory Maternity Pay

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.

Although life insurance is not something anyone likes to have to think about, should the worst happen to you, it is essential to have cover in place to protect your loved ones financially at what will be a very difficult time.

Spring Clean Your Contract - Make sure your IR35 Status is Correct

Dust off your contract, polish your working practices and check your IR35 status!

With the days getting longer and lighter evenings to enjoy, many people’s thoughts turn to spring cleaning and “sorting things out”.  Contractors are no different; now is a good time to dust off your contract and ensure that you understand your IR35 position before the end of the tax year.