Karl Sorrell
New Member
Good Afternoon
We are a succesful hairdressers with approximately 10 self-employed stylists. In a busy mall we run all the cash and card payments through the till and process the money on the following monday by taking their chair rent, charging for use of stock and pdq then paying all staff in cash. This is causing an ever increasing problem in that we are getting more and more pdq payments and the percentage means we regularily do not have enough cash to pay staff so we have to do runs to the bank to withdraw etc.
Our accountant has suggested that we could pay the staff directly into their bank account but previously we have avoided this as we were told that the staff could be considered salaried therefore we would have to pay tax, NI etc.
Is this still the case? the above information was originally given for our (still open) high street salon where the staff take the cash themselves and pay us their chair rent but as this system is just not feasible in our mall salon (its very very busy and open so rife for tin-theft) we therefore use the other method.
thank you in advance.
Regards
We are a succesful hairdressers with approximately 10 self-employed stylists. In a busy mall we run all the cash and card payments through the till and process the money on the following monday by taking their chair rent, charging for use of stock and pdq then paying all staff in cash. This is causing an ever increasing problem in that we are getting more and more pdq payments and the percentage means we regularily do not have enough cash to pay staff so we have to do runs to the bank to withdraw etc.
Our accountant has suggested that we could pay the staff directly into their bank account but previously we have avoided this as we were told that the staff could be considered salaried therefore we would have to pay tax, NI etc.
Is this still the case? the above information was originally given for our (still open) high street salon where the staff take the cash themselves and pay us their chair rent but as this system is just not feasible in our mall salon (its very very busy and open so rife for tin-theft) we therefore use the other method.
thank you in advance.
Regards