UPDATE Thursday 2 April 2020
This was first written in June 2014, and now here we are almost six years later being enforced to work from home.
Today though it is vital whether in business or simply as a residential customer to look at what you are spending on essential services, and seek a value for money offering. We can look at broadband, landline, mobile and energy, plus some insurance. We also have CashBack on shopping for good measure, whether in store or online.
Here at Combyne Group, we have carried out a free utility and telephony audit for over 18 years – in the days, when we could meet there would be coffee too. Today, it can be done virtually.
Please give us a shout as long as you are United Kingdom based, please?
Initially by email is the best way forward: hello@combyne.co.uk
Now back to the original article as still as relevant today as 2014.
There are two elements of working from home:
1) working under flexi rules for the company that employs you, or
2) running your own business from home.
If the former, please agree with your boss what they are going to cover expense wise, and how they will agree the hours you work. You should also seek a bonus, since you are reducing company costs.
If you are renting, then you are obliged to inform the landlord and if you have clients visit, please have your insurance revised to cover that.
If you are buying then please inform the mortgage company. Insurance has to be amended too.
Such as contents and also public liability cover.
In most cases, flexi working does not see clients visiting.
So onto number two and running your own business from home – link to follow.
2) running you own business from home.
All the above apply and more so – I would seriously discourage having people visit – suggesting a coffee shop or hotel as better, especially for people who work alone. You really do not want a nutter in your house or flat.
Create a routine in your life and build in social, me time, otherwise you will become stale and very quickly. In an office there is interaction, on your own at home, there is not.
A daily To Do list done the night before is now vital. Too many distractions otherwise.
Go out for a coffee/tea or a walk at some point – I have made friends with all the independent businesses locally and often pop in for a chat.
Also look for support such as here in this group, where you can share your success and seek guidance.
Keep an accurate record of all expenses – they are tax deductible.
Don’t forget energy a percentage of your council tax charge.
If your profit is less than £10,000 then claim working tax credits – these apply to the self employed too.
Create a phone line for business use only – it is 100% tax deductible. My link will explain more. And of course good broadband, go fiber if your area supports it, especially if you have family too.
Check you can use your home address for correspondence purposes. If not, seek an alternative, such as MailBoxes Etc. or your accountant.
Don’t be afraid to seek help and see what grants may be available as a start up or small business.
Networking groups have already been mentioned – there are also others less formal that meet as a coffee morning and some Chambers of Commerce run lunch time events, plus offer training in skills you need.
That covers most of it and my link is here:
Filed under: Case Studies, Combyne Group Update, Working from Home | Tagged: business, cash saving, Combyne Group, cost-control, employed, networking, self employed, working from home | Leave a comment »
Zero Hours contracts – self employed without the benefits?
Mike Patterson of Berwins’ Solictors wrote the following and can be contacted by email at mikepatterson@berwin.co.uk
New figures released this week revealed that more than one million UK workers could be employed on zero-hours contracts, which is four times the number initially estimated.
This figure derives from a survey of 1,000 employers carried out by the Chartered Institute of Personnel and Development (CIPD) and has prompted renewed calls for the government to launch a full inquiry into the use of these contracts by employers.
A zero-hours contract is where a person is not contracted to work a set number of hours, and is only paid for the number of hours that they actually work. Used appropriately this type of contract can provide flexibility for employers and workers, and help to create more flexible working opportunities, by allowing employers to staff their workforce according to peaks and troughs in demand.
However, workers on a zero-hours contract are left without guaranteed hours, sick pay or holiday pay. Often they are only told how many hours they will work once the weekly or monthly rota has been confirmed, but are expected to be on call for extra work at short notice. As a result, workers are left vulnerable to sudden reductions in shift patterns and last minute shift cancellations at the discretion of managers, without any entitlement to pay.
Yesterday it emerged that the UK’s largest food chain, McDonald’s, is potentially the biggest zero-hours employer in the private sector with over 82,000 of its staff (90% of the workforce) on the controversial terms.
This follows the announcement that retailer Sports Direct employs around 20,000 of its 23,000 staff on zero-hours contracts, as well as Buckingham Palace which uses them for its 350 summer workers. These contracts are also popular with those employers in the care home, catering and leisure industries.
The CIPD has stressed that there needs to be a closer look on what is meant by a zero-hours contract, the different forms that they take, and clearer guidance on what good and bad practice in their use looks like.
What action the government takes in response, we will have to wait and see.
So my take on this subject is that Zero Hours contracts are self employment by the back door, but without the benefit of tax breaks. Now that is quite worrying.
Mike quotes a recent survey suggesting there are 1 million people on these deals, which rather confirms the suspicion of many that there are nearer 4 million unemployed in the UK presently
I also look at the situation slightly differently too, since many of these people may not have work of a day to day basis. That surely provides the opportunity to use that time effectively elsewhere for personal profit?
One idea could be to create new and additional income streams.
Here is one that I became involved in many years ago:
www.future-biz.co.uk
An award winning company with full training and support.
Lots of promotions and benefits too
Two car plans, plus lots, lots more.
Totally flexible hours too, so can be worked as and when you are available. Fits around Zero Hours.
Please take a look, you could be pleasantly surprised?
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Filed under: Case Studies, Comments, News, Opportunity | Tagged: business, entrepreneur, extra income, Opportunity, part time, Plan B, second job, third job, Zero Hours contracts | Leave a comment »