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Assured Brochure
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- 2. WE ARE ASSURED PAYROLLSERVICES ABOUT US Assured Payroll Services was established by industry experts in order to provide a hassle free employment solution for UK contractors and flexible workers. Assured Contractors Service provides a solution for self- employed contractors, they can continuing to benefit in being self-employed, but have Tax and National Insurance calculated on account on all deemed employment income, They are also able to offset any genuine business expenses on this employed income. Assured Umbrella Services provides a safe and fully HMRC compliant, tax efficient payroll solution to freelancers across all industries, designed to minimise on the massive administrative burden it can cause by working as a contractor. We provide a straightforward service for all of your personal and business affairs. Assured PTR allows personal tax relief to be applied to workers, including those who are low paid earning around the National Minimum Wage who incur the cost of qualifying business related expenses to make a claim for tax relief. The worker benefits from an increased take home pay and the agency benefits from a reduction in payroll costs.
- 3. UMBRELLA PAYE Assured Umbrellaoffers an efficient and compliant PAYE umbrella service that means you can get on with your contract with the peace of mind that we’ll be looking after all of the administration for you BENEFITS You might be surprised just how much using Assured can help you. Take a look at the benefits: Low fixes margin of £20 per week and £70 per month (both gross). We have no hidden charges, there is no minimum contract period and also no setup or exit costs. Our margin includes both insurance and expenses being processed. It’s quick and easy to register with us and you only pay us when you are working. No long term commitments, unlike having your own Ltd company where the costs continue irrespective of earnings. You will be protected by £10 million of Employers Liability, £5 million of Public Liability and £2 million of Professional Indemnity. We pay you the same day that we receive cleared funds from the agency or end client via Faster Payments as standard. We provide Statutory Sick Pay, Statutory Maternity Pay and Statutory Paternity Pay as standard and they are processed when you’re eligible. SMS text message sent out with your net pay. www.assuredpayroll.net 01708 629 899
- 4. www.assuredpayroll.net 01708 629 899 ASSUREDFOR CONTRACTORS OUR SOLUTION Any self-employed contractor, who falls under the definition "supervision, direction or control" may be able to continue to be self-employed, but have Tax and National Insurance calculated on account on all deemed employment income, we are also able to offset any genuine business expenses on this employed income which in turn reduces the amount of Tax and NIC deduct on account. We are preparing further information which will explain what the new legislation will mean for you and offering the opportunity for you to provide any information which supports your tax status. If you are an agency currently payroll a number of self-employed workers or using the CIS scheme and have no alternatives to be compliant with the new Agency legislation chapter 7 policy. NEW LEGISLATION Assured Contractors Self Employed & CIS Hybrid scheme was born because of the changes to the taxation of self-employed contractors announced by the Government on 10th December 2013 by way of a consultation document, the outcome of which was published on 13th March 2014. As a self-employed subcontractor you may be affected by new legislation brought in by the Government to tackle what they are calling “false self-employment through onshore intermediaries”. This legislation states that if you are under the direct control or supervision of an individual in your hirer, there is a statutory requirement to deduct PAYE and National Insurance Contributions (NIC’s) from any payment due to you. These changes have now been confirmed, and under the new rules, it is likely that you no longer meet HMRC’s criteria for being HMRC’s criteria for being taxed as self-employed. This is because you are inevitably subject to some degree of control or supervision with respect to how you do your job. IMPORTANT: THIS DOES NOT MEAN THAT YOU WILL BECOME AN EMPLOYEE OF ASSURED CONTRACTORS
- 5. www.assuredpayroll.net 01708 629 899 PTR:FOR TEMPORARY WORKERS PERSONAL TAX RELIEF Assured PTR allows personal tax relief to be applied to workers, especially those who are low paid earning around the National Minimum Wage, this service allows the worker to claim legitimate expenses which helps to increase their take home pay and also benefits the agency with a reduction in payroll costs. BENEFITS Outsourcing your PAYE payroll with Personal Tax relief. The PTR model is ideal for low paid workers who earn around the NMW threshold. Increase in take home pay through claiming expenses incurred. You have the choice to roll up the holiday pay into the rate, or withheld it for your workers. Reduced Employers NI Contribution for the Client or Agency compared to traditional PAYE. Same Day Faster Payment. SMS text message sent out with your net pay. The Agency still controls the key client relationship. The Worker benefits from increased take home pay. The Worker can also benefit from applying for Working Tax Credits. The Worker has full employment rights. The worker is employed by Assured PTR. The Agency has a Contract for Services with the Assured PTR.