ABOUT US

WHO WE ARE

The Genius Money team is made up of Recruitment and Compliance gurus all with a clear vision. Specialise, deliver and have fun!

We do not really class ourselves as a Payroll Company, we are a contractor compliance team and unlike most Payroll companies, firstly we work for both for the client and candidate. Both are just as important to us and with out both we have a forced solution.

We have been operating in the Contractor Recruitment and Payroll arena for over 20 years and we live and breathe the compliance that surrounds it. If you are tired of using an Admin Payroll Company that purely takes your money every week but adds very little other value, please get in touch. We would love to have a chat about what really is on offer.

BENEFITS OF USING US

Genius Money Compliance and Regulations Icon Compliance &
Regulations

We are Contractor Compliance experts, which means we fully understand the rules. HMRC regulations, Employment Law especially for self employed and CIS self employed, these are just some of the things we make a point of continuing to swat up on in order protect and operate within.

Genius Money Employment Law Icon Employment
Law

We have over 20 years experience in Trades and Labour recruitment and payroll so we understand all of the associated contractual requirements in order to protect all of our candidates and clients. We also specialise with all payment methods i.e. PAYE & PAYE Contract for Services as well as CIS.

Genius Money Recruitment and Resource Icon Recruitment &
Resource

We connect our candidates and clients with employment opportunities without the associated recruitment fees. Give us your requirement or need and we will share this within our network, and before you know it, bam, you have job offers or candidates coming your way.

Genius Money Payroll Icon Payroll
 

It goes without saying that we process hourly, daily, weekly and monthly pay for both client and candidate, this is the easy bit.

Genius Money Accounts Icon Accounts
 

We have a team of number crunching genius’s who specialise with candidate year end returns and we also undertake management accounts for our clients. Accountants are great but you need someone that really understands the industry you operate in especially around contractors.

Genius Money Market Intelligence Icon Market
Intelligence

We think of ourselves as a central source for contractor information. We know who is doing what with who, and who has won what contract, right through to what changes are coming from the HMRC from minimum wage to online reporting and regulations.

Genius Money HMRC Icon HMRC
 

We work with the HMRC as they heavily govern the employment space, especially around the Contractor element. Understand the rules and operate within them, it is not rocket science.

Genius Money Public and Employers Insurance Icon Public &
Employers Insurance

All of our clients and candidates are covered with our bespoke Contractor trades P&E Insurance which also includes Indemnity, Products and Personal Accident.

LATEST NEWS

STATUTORY PAYMENTS WELCOME A NEW ELEMENT OF PAY AND LEAVE
Posted on: 23 Jan 2020 at 20:20:58
Samantha Mann looks at the subject of parental bereavement, a new statutory period of leave and pay that is due to go live from April 2020.22nd Jan 2020First introduced as a Private Members Bill back in 2017, the Parental Bereavement (Leave and Pay) Act 2018 became law in September 2018 and it...
COALITION OF RECRUITERS ASK CHANCELLOR TO PUSH BACK IR35 TO 2021
Posted on: 22 Jan 2020 at 15:47:51
A joint letter from the Recruitment and Employment Confederation (REC) and 14 UK recruiters has been sent to Sajid Javid stating that the limited review of IR35 currently in process will not achieve much change and to delay the implementation until 2021.The letter sent to Sajid Javid, Chancellor of...
IR35 POLL RESULT – CONTRACTORS WILL DUMP CLIENTS ISSUING PSC BLANKET BANS
Posted on: 16 Jan 2020 at 11:20:01
IR35 Poll ResultThe ITContractor.com IR35 poll result shows that a vast majority of UK contractors plan to dump their clients if the client issues a blanket ban on contractors who use personal service companies.If this happens then the Government massive gamble that they would meekly accept the IR35...
OFF-PAYROLL WORKING RULES FROM APRIL 2020: FACTSHEET UPDATE
Posted on: 13 Jan 2020 at 10:49:07
The HMRC have released an update to the off payroll working rules.To increase compliance with the existing off-payroll working rules (IR35), medium and large organisations in all sectors of the economy will become responsible for assessing an individual’s employment status and determining whether th...
NO COMPANY CAR TAX ON ELECTRIC VEHICLES, SAYS GOVERNMENT
Posted on: 13 Jan 2020 at 10:04:49
The Government says that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21.In its long-awaited response to its review of WLTP and vehicle taxes, to which Fleet News is listed as a respondent, HM Treasury has binned the previously pub...
HMRC PENALISED DIRECTOR INSTEAD OF COMPANY
Posted on: 13 Jan 2020 at 09:52:10
The first tier tribunal overturned the late filing penalties of a sole director for three reasons: the wrong taxpayer was named, HMRC misapplied the law, and she had a reasonable excuse.Angela Salazar [TC07398] was the sole director of Spanish and Coffee Limited (S&C Ltd) which contained a langu...