Please can anybody give me some advice in simple terms?
I am a tutor (self employed) and would like to put 5% of my earnings into a fund to pay for free tuition. At the moment, I am just doing this through freebies but am now looking to expand the business by adding other tutors.
As I would like to add this onto my website when people look, how would I word this? Can I just transfer 5% into a separate fund or do I have to set up a charity? Setting up a charity looks too complicated and there are too many at the moment. Equally, am I open to criticism if I say that 5% goes into my learning fund.
Please can somebody help. I am so.vonfused.
I am a tutor (self employed) and would like to put 5% of my earnings into a fund to pay for free tuition. At the moment, I am just doing this through freebies but am now looking to expand the business by adding other tutors.
As I would like to add this onto my website when people look, how would I word this? Can I just transfer 5% into a separate fund or do I have to set up a charity? Setting up a charity looks too complicated and there are too many at the moment. Equally, am I open to criticism if I say that 5% goes into my learning fund.
Please can somebody help. I am so.vonfused.
