SmartPay Umbrella – Employment Agencies
Work smart, work with SmartPay
SmartPay is a contracting company who provide contract management and payment solutions to freelance workers who want to provide their expertise on contracts in a beneficial and compliant way.
By working with SmartPay you can reduce your costs and simplify your payment processes.
We provide fully compliant umbrella contracting and payment solutions to take the employment burden away from you, enabling you to concentrate on your business.
What’s different?
SmartPay can take the burden of your agency running a PAYE payroll, by providing a compliant employment service to all of your contractors.
Because we are the employer you can make savings on employment costs, including;
- Employers National Insurance
- Holiday Pay
- Insurance
- Statutory payments
- Administration
Because of these savings, you can afford to pay a higher rate, which keeps your workers happy, enables you to attract better candidates and still increase your bottom line profits.
Our online portal provides all the information workers need 24/7 ensuring worker queries are kept to an absolute minimum.
Compliance
SmartPay ensures compliance with all legislation in relation to contractors. As SmartPay is an independent UK company, our employment service ensures there are no risks to your business from the MSC or the associated Transfer of Debt legislation, and no risks to your contractors from IR35. SmartPay do not provide personal service or composite companies to provide the services of individual workers and we do not pay dividends to workers.
Our standard business contracts are written to ensure there can be no doubt that they are contracts for service to give you the security that no worker can be deemed to be an employee of your or your clients business. Furthermore our Employment Agreement is written in line with HMRC’s own expectations of a genuine ‘over-arching’ agreement, ensuring all assignments undertaken by our employees will be under their ongoing SmartPay employment.
We are fully registered with HMRC for Corporation Tax and PAYE, and ensure that all PAYE / NIC returns and payments are made on time every time.
You can read further information on legislation effecting freelance workers and contracting on the following web page.
Insurance
SmartPay holds a high level of primary insurance covering all of our employees. We provide the following cover:
- Employers Liability to £10 million
- Public Liability to £5 million
- Professional Indemnity to £5 million
You can find more detailed information relating to our insurance cover on the following web page.
Administration
We utilise tried and tested systems that allow us to process large volumes of invoices and payments automatically. Our systems can cope with the raising of a single invoice from a timesheet provided by a contractor through to invoicing schedules covering many contractors within a single invoice and payment.
This flexibility and processing power enables our clients to save time and bank charges by making a single payment for all their workers, enabling us to make timely onward payments to workers, fulfilling their expectations.
Our automated systems ensure that we are able to comply with all the requirements of HMRC and other government agencies in relation to all required returns and payments on account of the worker payments that we process.
In short we look after your contractors so you can look after your business. It’s as simple as that.
If you have any questions, please contact one of our experienced advisors on 01253 357589.