Thursday, October 10 2024

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The Importance of Payroll Software for Umbrella Companies and their Agency Clients

In the rapidly changing employment landscape, the choice of payroll software by umbrella companies stands as a pivotal decision impacting the entire recruitment ecosystem. Sebastien Sauca and Killian Fitzsimmons-Wilson highlight the critical nature of this choice, emphasising not just the operational efficiency but also the compliance and reliability it brings. This selection goes beyond mere functionality; it's about ensuring accuracy, meeting regulatory demands, and safeguarding relationships with recruitment agencies and workers alike. As recruitment agencies navigate a complex legislative framework, the software's ability to handle payroll accurately and comply with laws becomes a key factor in maintaining trust and avoiding financial or legal repercussions. The movement towards compliance-focused payroll solutions signifies a broader commitment to transparency, legal adherence, and the protection of all parties in the recruitment process, underscoring the strategic importance of payroll software in building a trustworthy recruitment infrastructure.

Repeal of IR35 Reforms: What does it mean for your Agency?

Kwasi Kwarteng, the Chancellor of the Exchequer, announced the repeal of the 2017 (public sector) and 2021 (private sector) IR35 reforms. Contractors exulted after this announcement, but what does it mean for your Temporary Staffing Agency? Rhys Thomas, Managing Director at WTT Legal & Sebastien Sauca, CEO at SafeRec, answer key questions that many recruitment agencies have been asking since the news hit.

How to automate your Agency’s Umbrella compliance with AI and Expert Legal Advice?

SafeRec and WTT have launched a comprehensive service that combines technology and expert legal advice from a regulated law firm, to not only protect your business but also your entire supply chain, in real-time.

How Payroll/Umbrella Non-Compliance will impact your company’s valuation

If you follow news around Umbrella Companies, you know that the past 6 months have been hit by more revelations and scandals than ever before. Unlimited fines, Liability for agencies and hirers, detrimental impact to agency’s valuation… Rhys Thomas, Managing Director at WTT Group and Sebastien Sauca, CEO at SafeRec, provide insights that all Senior Managers or Business Owners must know about the impact of payroll non-compliance.

Ask the Adviser: Increasing contractor volumes

Entity Solutions recently featured in APSCo’s Recruitment & Co quarterly magazine with an Ask the Adviser column, in response to a member’s question.

Cold shoulder from banks as financial support is complex.

"There seems to be a tendency to try and sell you anything but the government scheme.”

APSCo AU calls for further action from Australian Prime Minister.

"There needs to be a live recruitment market to get people back in work and projects back up and running."

APSCo survey shows hiring ‘falling off a cliff’.

“The clarity and simplicity of the rescue package whether that be loans, tax payment deferral or salary grants will be critical."

APSCo publish open letter to Prime Minister.

We would urge the Government to look at measures such as an Employers’ NICs holiday or VAT relief. 

APSCo calls for more support for the recruitment industry from government.

“When we do finally come out of the other side of this crisis, the economy is going to need recruiters to get people back into work very quickly."

Budget brings some positives for sector but IR35 remains unchanged.

“The omission is insulting, to say the least for our sector."

APSCo data records boost in fintech sector vacancies.

"With the uncertainty around Brexit and IR35 – and companies like HSBC imposing blanket bans on contractors – the fact that demand has still risen shows just how healthy the sector is.”