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Contractor Payment Methods
1. PAYE Payroll Administration
Quube operates a full and integrated payroll solution for agencies who have chosen to employ their contractors directly.
- Full PAYE Payroll Calculations.
- P45 / P46 Administration - Quube can gather and input P45s and P46s and then issue leaving P45s as required.
- Pay slips - Quube can provide pay slips online and email & SMS payment notification to your contractors.
- Review payroll history online.
For agencies new to employing contractors directly you may find our employer's checklist interesting.
2. External Contractor Payment Services
There is a wide and confusing array of contractor payment services available. Some are an excellent way for agencies to outsource the overhead of taking on employees - others come with considerable financial risk to the agency. Read our article on Payment Methods and Risks for more information.
Umbrella Companies
Using a compliant Umbrella company is a good way of reducing the unknown employer overheads down to a fixed weekly cost. This cost can often be passed on to the contractor as they will generally end up with a higher net take-home pay.
Quube's sister company iBalance (a fully compliant PAYE Umbrella service) can be neatly integrated with the rest of Quube's services. Quube can, of course, make your contractor payments to any other compliant umbrella company.
Limited Companies and Self Employed Contractors
Quube can offer it's clients expert advise and a risk assessment of specific payment services as and when necessary. We are able to make contractor payments to services that pass our own compliance standards.
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