Selecting the right payroll for you can, as a temporary worker or contractor, include a number of different options for you. Here at Payroll Village our team will work with you to select the payroll that is right for you. Each one can work differently so not everyone is suited.
Our guide below will take you through each of the options available to you, follow the links to learn more.
Choices available to you are...
Umbrella
Umbrella payroll offers you the benefits of having your own Limited company, but without the time consuming administration and compliance. These tasks are handled by our team here, taking out your expenses, calculating tax, and then paying you for the work completed. One advantage of this system is the benefit claiming expenses can make to your net pay.
Limited Company
Creating a company as a limited company is a way that you can directly control and manage your working relationships with companies. Invoices can be submitted to companies to then request payment. Payroll Village are able to take care of your payroll through our PAYE systems, managing each detail and compliance with HMRC.
PAYE
Traditional companies are likely to pay through PAYE, as a temporary or contract worker this can be a tricky and time consuming way to manage the companies you work for and get paid. Often it can take time to join a payroll, resulting in confusions over tax codes, amounts and extra paper work needed through contact with HMRC. At Payroll Village we are able to manage these for companies, streamlining the expensive process required. At the momement we do not offer this directly to workers.
Construction Industry Scheme
Working on a construction site and looking to be paid for this work? Under this government scheme Construction Industry Scheme (CIS) sets out the payment structures and rules for you as a self-employed contractor, subcontractor, agency worker or business. Payroll Village deal with this scheme to keep you up to date and paid within each of the schemes set out.
With each of the choices for payroll it can a lot of information to evaluate before making your decision. At each stage we will guide you through the process, talking you through your options, and taking care of the paperwork. At Payroll Village we aim to make payroll as simple as possible, taking the wait of payment off your mind.
Got some more questions about any of our payroll services? Please click here