IR35 is going to bring upheaval to your business regardless of which route you choose. But the fact is that some routes are more expensive, risky and time consuming than others.
You could take all your contractors on to your internal payroll, but this could significantly push your admin costs and headcount up. You could look at Umbrella pay options, and we offer this, but the payslips are complex and the deductions confusing for contractors who aren’t used to this method. In the recruitment agency world, some staff spend up to four hours a week purely dealing with Umbrella pay queries.. Our PEO option isn’t an Umbrella company or a tax product. It’s simply PAYE. Contingent Workers can easily see how much they’re getting paid with minimal deductions and clear payslips. This eliminates queries. It has no impact on your internal admin, leaving your people free to focus on the business.
Key benefit: Minimise the distraction and time drain of IR35