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Payroll You Can Count On
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Payroll You Can Count On
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Straight forward payroll
We listen to you! We understand you! We act for you!
Our Business Insight
About us & Our journey
- With a wealth of experience totalling 20 years in the payroll and accounting industry, our team has come together to offer a one-of-a-kind service that you can rely on. Understanding the common difficulties that contractors and agencies may have faced with other providers, we specialise in identifying and proactively resolving potential issues. Our team is dedicated to providing the highest level of service and the most streamlined solutions, ensuring a quick and hassle-free experience for our clients.
Why Swan Payroll?
At Swan Payroll, we handle all the financial administration, so you can focus on what matters most. Our process is simple, just submit your hours to us each week, and we'll take care of the rest. Our team ensures that our contractors are fully compliant at every stage of the process, while adhering to all tax system rules. With us, you can trust that you'll receive everything you're entitled to, including all allowable expenses. Let us handle the paperwork, so you can focus on your work.
Looking to get set up with us?
At Swan Payroll, we've made the process of joining our umbrella company as easy and efficient as possible. Our goal is to ensure that our partners have a smooth and quick onboarding process. Whether you're running a recruitment agency or any other business, you can rely on us to provide professional business services whenever you need them. We understand the importance of minimizing disruptions and delays, so we strive to make the process as seamless as possible.
IR35 Explained
- IR35, properly titled the “Intermediaries Legislation”, was introduced by the government in April 2000 as a measure to tackle ‘disguised employment’ - where employees were setting up Limited companies in order to reduce their tax bill, but continuing to work in the same role as when they were a permanent employee.
- IR35 applies to all contractors working through their own limited company. It was first implemented in the public sector (off-payroll rules) in April 2017 and was extended to the private sector in April 2021.
What does this mean for contractors?
Many contractors choose to operate their own Limited company to manage their contract income as it offers several tax benefits that result in more net income for them. However, the recent changes to IR35 legislation have imposed additional tax burdens on contractors who operate within these rules, which negates the tax advantages of having a Limited company. This includes the requirement to make a 'deemed salary' payment, which includes paying taxes, national insurance, and employer's national insurance to HMRC at the end of the year. In light of these changes, many contractors find it more beneficial to operate through an Umbrella company.