CORONAVIRUS (COVID-19) LATEST UPDATES HERE

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

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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.

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Employment Law

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.

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Recruitment & Resource

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.

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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.

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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.

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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.

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Payroll

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

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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.

THE
GENIUS
PROMISE

  • All HMRC correspondence on relation to Workers now comes to Genius

  • All Contractual responsibilities are now with Genius

  • All of the CIS liability is now with Genius GUARANTEED

  • We will manage the financial risk for unsatisfactory work

  • We protect you against HMRC challenges for IR35 legislation and deal with all correspondence and investigations

  • We will protect you against Employment Law & Employment Tribunals

  • We will provide you with expert HR advice for PAYE issues

  • We remove the need for you to pay the CITB

  • We streamline your back-office: One invoice and one payment for all Workers, and no CIS return or UTR status checks

  • We will keep you up to date with Legislation changes with Employment Law

  • We will provide you with a full recruitment and resourcing service if needed, discounted in the Partnership

  • We will provide you with a 24/7 access to key information & a single, dedicated point of contact

LATEST NEWS

TAX MEASURES ANNOUNCED TO HELP INDIVIDUALS COPE WITH THE FINANCIAL IMPACT OF COVID-19
Posted on: 03 Apr 2020 at 10:25:37
It is in the Government’s interests to support taxpayers and businesses through this crisis, who will in their turn support the economy once restrictions are lifted. Tax measures are likely to be used as a tool for support. Announcements are coming thick and fast, and we will keep updating thi...
FCA TO ENFORCE CORONAVIRUS LOAN AND CREDIT CARD PAYMENT FREEZES
Posted on: 02 Apr 2020 at 12:28:48
The Financial Conduct Authority (FCA) has proposed temporary measures to support customers with credit products such as overdrafts, loans and credit cards. The financial watchdog has set out a number of temporary measures to help consumers dealing with coronavirus financial shock including payment f...
DAILY CORONAVIRUS CASES FALL 10 PER CENT
Posted on: 30 Mar 2020 at 14:45:46
Daily coronavirus cases have dropped for the first time in weeks, according to the latest figures. Stocks rallied as the number of daily coronavirus cases fell 10 per cent on Sunday compared to the previous day.  However, the gains were not sustained and the FTSE 100 is down 0.87 per cent this...
PM ADDRESS TO THE NATION ON CORONAVIRUS
Posted on: 29 Mar 2020 at 13:54:18
The following is a transcript of the Prime Ministers speech, exactly as it was delivered. Good Evening, The coronavirus is the biggest threat this country has faced for decades – and this country is not alone. All over the world we are seeing the devastating impact of this invisible killer. An...
DEFERRAL OF VAT PAYMENTS AS A RESULT OF COVID-19
Posted on: 27 Mar 2020 at 16:45:41
The Chancellor announced a VAT payments deferral on 20 March to support businesses with cash flow during the COVID-19 pandemic.This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 3‌0‌‌ June.You therefore have until 3‌1‌‌ March 2021...
CITB SUSPENDS LEVY PAYMENTS
Posted on: 27 Mar 2020 at 16:02:13
The CITB has suspended the issue of its levy bills, due for payment in 2020, for an initial period of three months. The bills will subsequently be issued for the full year.The delay will provide immediate financial relief to construction employers during the coronavirus crisis, the CITB&nb...