GENIUS MONEY PARTNERSHIP

We’re all about minimum risk and maximum income, and when it comes to contracting - we really know our stuff. We make it our mission to stay ahead of the competition, protect our workers and clients and create meaningful long term relationship where everyone benefits.

We were initially formed off of the back of a 20 year stint in Contractor trades and labour Recruitment. This means that we are experts in the provision of Contractors to the market and are even better at the Employment Law and Contractual rules and regulations side of personnel.

It also means that we fully understand the importance of getting the invoicing and more importantly the pay right every time every week.

This experience also enables us to only operate a self employed process and not the tax avoidance schemes such as Umbrella that most Payroll companies offer.

We are HMRC approved for the supply to the Construction Industry Scheme (CIS) and have direct verification links with them for all trades and companies.

For us, great customer service means being able to contact a knowledgeable team of people, who understand the self-employed industry, in whatever way works for you. We offer a 24/7 access to key information, with a speedy response and a single, dedicated point of contact.

The main aim of this Partnership is to ensure that every end user Client is operating in line with the rules and regulations of HMRC when utilising a self-employed worker. But the Partnership goes a few steps further than this.

The partnership has a direct membership to the REC which is the Recruitment industries governing body, The Recruitment & Employment Confederation. This means that all contracts in place are legally verified with a strong focus on the Employment Law and compliance aspects, outlined by the HMRC.

The end user Client will be provided services on a Contracts for Services basis. All labour is ordered and provided under these terms of business resulting in any HMRC enquiries or investigation falling on the partnership, and not the end user Client.

The processes that the partnership will undertake on all labour:

  • All labour on-site will be verified to work Self-Employed direct with the HMRC.
  • All labour will have their tax status verified direct with the HMRC.
  • All labour will go through a Supervision an Direction compliance test, in line with the HMRC IR35 regulations.
  • All labour will be checked in line with the Right to Work rules and regulations stipulated by the HMRC and relevant ID obtained.
  • All labour will be paid on a weekly basis, receiving a text notification of the payment amount.

ADDITIONAL
SERVICES

ON OFFER

  • Online client portal for all payment instructions

  • All Contractors are covered on the Partnerships Public & Employers Liability and Personal Accident Insurance

  • Payment terms can be offered dependant on credit facility and admin/finance charge

  • End of year tax returns completed on behalf of self employed contractors

  • Discounted Recruitment services for all trades & labour, back office/support staff and senior supervision & management positions if needed

  • All pay and tax queries now become the responsibility of the Partnership

  • Bonus Scheme for the referral of new clients

THE PAYROLL PARTNERSHIP

Genius offer a range of solutions to fit the requirements of your business, below you can see how each offering fits in with our different service offerings as well as illustrating how we go above and beyond what our competitors offer.

Genius Money - Payroll Partnership

LATEST NEWS

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IMPORTANT ANNOUNCEMENT
EX-FINANCIAL SECRETARY CALLS FOR ‘DREADED’ IR35 TO BE ABOLISHED

Wow, Mell Stride really is some piece of work.   The man who helped orchestrate IR35 reform, Me... ...

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IMPORTANT ANNOUNCEMENT
TWO-THIRDS OF ALL UK BUSINESSES AT RISK OF INSOLVENCY

Almost half of all UK companies are currently running on less than six months' cash reserves  T... ...

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NEWS
SELF-EMPLOYED TREATED AS ‘SECOND-CLASS’ BY SOME LENDERS, BROKERS SAY

Self-employed workers are being treated like ‘second-class citizens’ by some mortgage le... ...

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NEWS
RECRUITING PEOPLE FROM OUTSIDE THE UK FROM 1 JANUARY 2021

From 1 January 2021, freedom of movement between the UK and EU will end and the UK will introduce an... ...

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IMPORTANT ANNOUNCEMENT
HMRC TELLS 24,000 FREELANCERS TO HAND BACK COVID SUPPORT GRANTS

HMRC admits it wrote to 100,000 self-employed workers even though it knew they had stopped trading T... ...

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PAYROLL NEWS
CHANGES TO THE HMRC EMPLOYMENT STATUS MANUAL WITH REGARDS TO UMBRELLA COMPANIES

It is good to see the HMRC trying to make adjustments to the rules set to protect the workers using... ...

HOW MUCH
WILL IT
COST?

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