PEO payroll for healthcare recruiters
Have you looked at PEO payroll for healthcare? If not, now that IR35 applies to the private sector you’ll definitely want to take a look. The impact of the latest IR35 extension may already be affecting your business. Things like margin erosion, ballooning ‘in-house’ payroll admin cost, financial, reputational and legal risk can become a distinct competitive disadvantage.
But we do have the answer.
People PEO has been reviewed and recognised by HMRC. It’s the compliant, transparent and cash-efficient way to sort your IR35 headache, build your brand and keep end clients and contractors loyal. Particularly beneficial to those operating in VAT sensitive sectors such as healthcare. Protect your business with PEO payroll for healthcare recruiters.
What is PEO?
PEO generally describes a payroll product or service (rather than a business). It is one of a handful of payroll options available to recruitment agencies to outsource their payroll function. It’s based on PAYE, and provides a partnership approach to employing workers, which ultimately benefits all parties.
Why consider PEO for your agency?
PEO is perfect for Healthcare workers.
With Private Sector Off Payroll (IR35) a reality the chances are we’ll be seeing more exotic umbrella schemes appear. Just recently HMRC agreed that the 2017 Off Payroll legislation increased the amount of non-compliant providers taking advantage of unwitting contractors. PEO payroll offers a fully transparent and safe alternative to umbrella payroll with distinct advantages for contractors and agencies.
Contractors are on full PAYE, they don’t pay a fee and there are no employer deductions on their pay slips. Given the choice our contractors say they’d rather work with a recruitment agency that offers PEO.
What are the options with IR35 legislation a reality?
Some think that the only options are internal PAYE or an Umbrella. But neither of these are ideal and they both carry their own risks:
What are the benefits of PEO?
How can we get set up?
Our set up process is tried and tested over the past 15 years. We can handle communications on your behalf and onboard groups of contractors in days, not weeks. Our experienced team of payroll and compliance professionals will support candidates through the process while your account manager works with you to ensure the changeover is simple and efficient for all. Send us some details using the form and we’ll get back to you at your preferred time.
Interested? Watch our video to discover more.