Do you need help with contractor management and payroll?
Today, many businesses require a mix of PAYE employees and contractors to make up their work force. Most company HR and Risk and Compliance departments are only geared up for PAYE payroll of permanent or temporary staff. The entire company onboarding, and payroll process is designed for staff, with allocated salary ranges, monthly payment dates, hours, holiday, sick pay, scaled tax, National Insurance payments etc. and not for specialist contractors.
Contractors can bring skills and talent to the organisation that you may not need to access on a day-to-day basis. Working with highly skilled specialists, who’ve had a lot of different experiences and insights from within their industry might help companies gain a competitive edge. However, many companies who want to engage specialist contractors find the IR35 legislation, which was introduced by the HMRC to counter tax avoidance by contractors, very confusing. Contractors provide services through intermediaries, such as Limited companies and umbrella companies which are collectively known as a personal service company (PSC). Understandably companies are now getting nervous about the constantly shifting employment legislation with regard to engaging specialist consultants even though they may need their expertise on a contract basis.
With more IR35 changes expected to be rolled out to the private sector in 2019 and the requirement for a robust HMRC compliant contractor payroll systems, it makes sense to outsource contractor management and payroll to experienced experts who mitigate company risk. The distinction between employee, worker and self-employed/ contractor has never been more important due to the impact such status has on legally binding rights and obligations. If an employee is wrongly classified as a contractor, they could make a claim against the company for not honouring their employment rights. Contractors could demand backdated holiday pay, liability for tax and national insurance payments etc.
As an experienced contractor management and payroll consultancy, Scott Merrick Contractor Consulting (SMCC) can take care of the crucial gap in expertise and knowledge relating to the legal compliance connected to recruiting, onboarding and paying contractors. We understand the legislation and manage all aspects of the process to protect both parties through screening, running checks, payments, invoicing and drafting contracts, to ensure that all legal obligations are met.
Why You Need a Contractor Management and Payroll Specialist
SMCC are experienced in working as a contractor management and payroll specialist and have a thorough understanding of HMRC contractor compliance commitments. We simplify the onboarding process and IR35 payroll options with scalable and flexible solutions that cover end-to-end contractor payroll for companies of all sizes. As your contractor management and payroll specialist SMCC will look after you from liaising with a contractor, collating important data to produce their respective IR35 status and contracts efficiently, keeping them happy and giving you the confidence that you are securing the best contract management and payroll solution for your business. Once on-boarded into your company, SMCC keep in regular contact with both you and the contractor and provide tailored data including regular financial information, HMRC IR35 reporting and feedback from the contractors to make sure they are happy and are achieving what is required. We even take care of any I contractor management and payroll disputes and breach of contract issues should things take a turn for the worse.
SMCC help you understand and prepare for:
- The differences between an employee and a contractor
- The benefits and disadvantages of employees and contractors
- When a contractor becomes an employee
- How a worker differs from an employee or contractor
- Keep your contracts and agreements under review
- Regularly review your working relationships to ensure they’ve not evolved with time.
- Save money, manage risk and keep you up to date with legislative and reporting requirements
As your contractor management and payroll specialist partner, we want the best for our clients and our business has grown as we manage any concerns regarding IR35 legislation and hiring skilled consultants on a contract basis. You will be assigned a dedicated adviser who will be your point of call. This results in a greater understanding of your business and allows us to shape our service to match your requirements. Our team are on hand to talk you through your options and discuss how our payroll services can benefit you and your consultants. We work with in-house HR and compliance departments to achieve minimum disruption, streamline consultant payments and invoicing to enable you to retain key contractors. If you need contractor management and payroll solutions contact SMCC by calling 01277 211151 or by email. mailto:info@smcc.uk.com
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