In the bustling world of recruitment, the introduction of SafeRec Certification in June 2023 has been nothing short of revolutionary. With a laser focus on compliance and transparency, it's quickly become the gold standard for umbrella companies, providing a beacon of trust in the complex contingent labour market. This rigorous certification process, underpinned by real-time auditing and cross-referencing with HMRC data, offers an unparalleled level of assurance to recruitment agencies and their clients. The result? Over 3,500 agencies across the UK have already made the decisive switch to partner with SafeRec Certified Umbrella Companies.
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.
AI meticulously audits every payslip within the payroll software, leaving no room for errors. This process ensures that every calculation is accurate, providing workers and clients with complete confidence in their financial transactions.
Innovate UK was found to have engaged some contractors who should have been considered inside IR35 and subject to Income Tax and National Insurance Contributions, which has given rise to a £36 million tax bill.
In a recent survey by Kingsbridge Contractor Insurance, 87% of recruiters reported that they had taken steps to insure their tax, interest, and penalties risk should HMRC investigate their business under the Off-Payroll (IR35) Rules.
HMRC were shown the red card in their case against Match of the Day presenter - Gary Lineker. The former footballer won his case after it was shown that he had direct contracts between the BBC and BT Sport.
HMRC are currently issuing letters for conducting compliance checks into the application of the off payroll working rules for the tax year ending 5th April 2022. These letters are causing some panic and confusion in the industry.
An Umbrella Company like ePayMe, is a business that is used predominantly by Recruitment Agencies to pay temporary workers. Your umbrella company is your...
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.
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.
