Benefits to the Contractor
The user friendly online Liquidity portal enables contractors to submit work-related expense claims and track their earnings via laptop or smartphone. All contractors are alerted of their earnings by a pre-payment SMS text message notification, followed by a payslip issued automatically via email and uploaded into their secure online area. Further contractor benefits include access to our online jobs board and introductions to our trusted partners at Contractor Mortgages Made Easy, amongst others.
The key benefit for contractors is the opportunity for them to vastly increase their NET take home pay by the submission of work-related expense claims. Following HMRC expense guidelines, we are able to reduce the level of taxable income for contractors, thus increasing their take home pay whilst they still retain the all employment benefits such as holiday pay, sick pay and maternity pay.
Benefits to the Agency
As well as the full saving in Employers National Insurance that our solutions offer recruitment agencies, there is a whole range of other incentives to outsource your weekly payroll to Liquidity Group. Our payroll team are fully trained and highly experienced in pushing thousands of payments through the door every week, all by FPS (Faster Payment Service) with us soaking up the extra cost when compared to the slower outdated BACS method used by our competitors. Outsourcing your payroll to Liquidity also means that you can wash your hands of the hefty and time-consuming administration tasks associated by making payments – we take care of all HMRC related documents including issuing P45’s and P60’s and handling sickness claims and maternity/paternity allowances, allowing you to relinquish this hassle and concentrate on driving your business forward!