Regular software updates for smartphone operating systems mean handsets
last a lot longer than they used to, and a SIM only deal could help cut
costs if your current mobile deal has ended and you’ve paid for your
device. It could also come in handy if you’re upgrading your current
device and passing your old one on to another member of staff - just
give them the old handset with the new SIM and they’re good to go.
SIM only deals for business can also be a good fit if you allow
employees to use their own smartphones for work, as it means you can
keep a handle on the cost of business calls without having to fork out
for new company devices.
It might be worth considering a SIM only deal if you’re a new start up
with a limited credit history, or if your business has a poor credit
score - you’ll have a better chance of being accepted for a SIM only
deal as your provider won’t have to legislate for the added ‘risk’ of
providing an expensive device as part of the package.
Flexibility is another reason to consider a business SIM only deal -
while other business phone contracts might need you to sign up for three
years, but you can get shorter, more flexible SIM only contracts.
It’s also worth knowing that you don’t have to report anything to HMRC,
deduct or pay tax and national insurance if you provide employees with
one SIM card (or mobile phone) and the phone contract is between your
business and the service provider. If your employees’ mobile phone costs
are part of a salary sacrifice arrangement, you have to report
employees’ mobile phone costs to HMRC. For more information on the tax
implications of business mobile phones, go to GOV.UK.
Don’t make the mistake of staying on an expensive contract when you
could save money by switching to a SIM only deal. Get in touch with
Bionic’s tech-enabled experts to compare business SIM only deals.