THE PARTNERSHIP

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 Construction trades and labour Recruitment. This means that we are experts in the provision of Contractors to the Construction and Building Services 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 CIS 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 onsite 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 ofthe 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 PROCESS

Genius Money - Typical On-boarding Time Line

LATEST NEWS

JAPAN’S BIGGEST HOUSE BUILDER MOVES INTO UK MARKET
Posted on: 14 May 2019 at 08:36:03
Japan’s biggest house builder has struck a £90m deal with Homes England and Urban Splash to deliver thousands of new properties across England.Sekisui House are pioneers of modern methods of construction and will bring their techniques to the UK.The deal includes new investment of £55m into regenera...
FIT-OUT DIRECTORS BANNED FOLLOWING CARTEL PROBE
Posted on: 13 May 2019 at 08:09:59
Three former directors of office fit-out companies have been disqualified for their involvement in illegal cartel behaviour.The bans follow a Competition and Markets Authority investigation which led to five firms being fined £7m in March.Fourfront, Loop, Coriolis, ThirdWay and Oakley were fine...
IMMIGRATION RAID ON £130M BRIGHTON CIRCUS STREET SITE
Posted on: 08 May 2019 at 13:43:05
Seventeen men were arrested following a raid by immigration enforcement officers yesterday at the £130m Circus Street construction site in Brighton.The Home Office said the arrested men presented themselves as Albanian, Indian, Ukrainian and Kazakhstani.Local reports said immigration officers clashe...
CONSTRUCTION WORKERS RATE MACE TO BE THE BEST OF THE BUNCH
Posted on: 08 May 2019 at 13:32:21
An analysis of employees’ ratings of the companies for which they work shows Mace to be the UK’s highest rated construction company.Mace has toppled Sir Robert McAlpine from the top spotGlassdoor.co.uk provides a forum and a template for workers to rate their employers. While the findings do no...
LAKEHOUSE WENT UNDER OWING SUBCONTRACTORS MORE THAN £9M
Posted on: 07 May 2019 at 09:58:47
Lakehouse Contracts went down owing more than £9m to subcontractors and suppliers.An administrator’s report seen by the Enquirer reveals the full extent of the cash black hole at the company which went down in March.Hundreds of firms are owed money by Lakehouse Contracts which crashed foll...
HSBC TELLS CONTRACTORS 'QUIT OR GO PERM' BEFORE IR35 REFORMS BITE
Posted on: 01 May 2019 at 15:38:54
HSBC will cease engaging limited company contractors from this September, saving itself the job of having to assess them under a new IR35 from April 2020, ContractorUK has learnt.The bank has told all PSC contractors at key units like HSBC Digital that after one further contract extension, they...