Act Now!With all that has happened in the Public Sector since April 2017, it was inevitable that the Private Sector was going to follow suit. The only saving grace for some agencies and workers was the fact it has been pushed out to April 2020. Even with this extra time available, it would seem that many are still doing nothing about the changes and leaving their heads in the sand.What we do know is that the Private Sector will mirror the Public Sector once a further Consultation has … [Read more...]
Are Agencies taking a contractor’s earnings serious enough?
With workers becoming more and more in demand and a lack of work currently available for skilled temporary/contracted workers, there is more emphasis on the agencies to offer a better service. This is not only with their on-boarding, but also to give the worker the flexibility to be able to earn more. A happy worker will not only return, but also spread the love by recommending to fellow co-workers on their experience.This experience not only works for agencies but also from a payroll … [Read more...]
Brexit News Update
For those following the Brexit news; this week those campaigning for a Second Referendum to keep the UK within the EU received boost as Jeremy Corbyn committed his party to supporting a fresh referendum.This is pertinent to the financial sector as after Brexit, the trade relationship between the UK and the EU will not be the same after the implementation period. Financial services is one of the UK’s biggest exports to the world, representing almost 10% of the UK’s total exports.If a no … [Read more...]
Back to basics… Outsourcing freelancer payroll
Why does it matter?With the rise in the number of firms using temporary staff and freelance contractors, more HR departments are opting to outsource their payroll functions for such workers.There are good reasons to do so, particularly for small and medium sized businesses that wish to avoid the expense of a full-time in-house payroll team. However, there are certain key points that HRDs must bear in mind.Do……‘Due diligence’ on any payroll provider you work with. The Criminal … [Read more...]
Risks Facing The Recruitment Sector in 2019
Whilst the recruitment industry is a good barometer for the economy in general and is affected by Brexit and GPDPR, like all other sectors, recruiters will face some very specific risks in the coming year. IR35 was a major concern throughout 2018 and we now know that the changes will be introduced to the private sector in April 2020. We have already seen recruiters looking at workarounds, as pressure from hirers intensifies throughout 2019.With possible changes to regulations in the payroll … [Read more...]
Have you seen our article in The Educator?
If your payroll provider is offering a deal that sounds too good to be true....... you really should have a read of our article here.Please contact us on 01252 863700 if you would like to have a conversation surrounding any aspect of your payroll. … [Read more...]
Preferred Supplier Lists
As we settle into 2019 it is time to reflect and review on how we are doing, to avoid regulatory penalties and improve our business for the coming year.Many recruitment agencies use preferred supplier lists (PSL) for umbrella companies, but how do you ensure this is followed by your workforce? There has been mention of HMRC targeting individual consultants for unpaid tax, due to direct payments made by providers.Referral incentives place consultants at risk and can leave businesses open … [Read more...]
Leading payroll solutions provider ePayMe gains Professional Passport accreditation and joins trade body APSCo
ePayMe, the leading outsourced payroll services provider for the recruitment industry, has been named an Approved Supplier by employment industry recognition scheme, Professional Passport, at the same time as becoming an affiliate member of APSCo, the international trade association for the recruitment industry.The Professional Passport accreditation scheme involves rigorous auditing of ePayMe’s service levels, in-house systems, work practices and staff training. Combined with the APSCo … [Read more...]
New HMRC Spotlight on umbrella companies ‘does not go far enough’
Umbrella companies inspiring HMRC’s new ‘Spotlight’ publication – dedicated to schemes that avoid tax – has been endorsed by payroll company bosses themselves, albeit tentatively.In fact, far from disliking brollies being in a HMRC series on abusive arrangements, Contractor Umbrella says it is “useful,” CWC Solutions deems it overdue and the FCSA said it was "welcome.”HMRC putting beyond doubt that 80, 90 or 95% take-home pay is not tax-compliant; that brollies are “never HMRC-approved”, … [Read more...]
Don’t settle for expecting the unexpected
With hundreds of provider’s advertising their wares within the Umbrella Payroll market space it is difficult for a contractor to compare all of the different figures that they are provided. Finding the right Umbrella Company is important as these will be the companies that ensure that a contractor is paid accurately and on time. Since the implementation of the IR35 changes in April 2017, the main grievance from contractors who have had to utilise an Umbrella Company’s services, has been that not … [Read more...]