Are you a recruitment business owner looking to take on more employees? Have you considered taking on an apprentice? You could be eligible for a grant of up to £1,500 from the government under the employer apprenticeship grant scheme and be paid up to 5 grants in total per apprentice.
What's more, the grant income is offset as your wages expense therefore you don't pay any tax on this. To see if you are eligible for the grant, fill out this online form but hurry as this only subject to availability until December 2015!
The grant is available for 16 to 24 year olds and you must pay your apprentice at least the minimum wage and they work for at least 16 hours per week. Apprentices must be offered the same conditions as other employees such as sick pay and benefit and be asked to sign an apprenticeship agreement.
Employer National Insurance break
If your apprentice happens to be between the ages of 16 and 21, you no longer pay secondary employer national insurance contributions on their earnings up to the upper earnings level (£42,380 for 2015/16). This came into effect from April this year.
Due to our industry knowledge, Cooper Curtis help recruitment businesses with their accounting and tax requirements as well as providing ongoing business support because we understand the challenges you face.
For more information on how we can help you raise your game, visit our website or alternatively call 0845 303 1144 or email firstname.lastname@example.org to arrange a free meeting.
Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published.