Contractor Management Services, Contractor Payroll Services, Contractor Payroll Management

Contractors

PayMe was established to provide the services our Chief Executive Officer did not receive when he was a contractor, so we know what you require and expect. We make it simple and we make it accurate. We do not use answering machines, and every email is answered almost immediately.

One flat fee of 3% provides you with all required insurances, payroll, superannuation, taxation payments, leasing, salary sacrifices and Living Away From Home Allowance (LAFHA). There are no other charges ... ever.  

You might ask "am I really better off if I pay my recruitment company a fee, and then pay PayMe a fee?"   The answer is yes:

• The average contractor in the ACT will receive about 3.8%, or approximately $4000 additional cash in hand through PayMe, compared to if they were paid directly by their recruitment company.  We will explain this to you over the telephone.
• For contractors in all other states, we simply need to add payroll tax to the 3% fee, and you will find that this is much lower than all our competitors.

Please click on the Contractors button below to determine your hourly rate if you were paid by PayMe in the ACT, then you can also generate a printable payslip based on a weekly, fortnightly or monthly pay cycle.

We provide you with:

• pay
• easy to read and understand payslip click here to see an example
• payment of tax
• payment of superannuation on a monthly basis
• $10m Public Liability and $5m Professional Indemnity insurance
• workers compensation
• payment summaries within the first two (2) weeks of the new financial year
• all salary packaging / sacrifices including car and motorcycle leases at no additional cost
• advice regarding what can be claimed as a salary sacrifice and how to make claims
• full claims for LAHFA at no additional cost
• contact by telephone and email at all times during business hours
• secure online access for your pay and superannuation records with the ability to update key personal information through our Employee Self Service (ESS) portal
• access to the PayMe Benefits Program
• a guaranteed payroll provision each week at greater than 99% accuracy.

If you own your own company we can assist you with all your insurances at our corporate rate.

Why does my recruitment company recommend that I engage the services of a contractor payroll management company such as PayMe?

The answer lies in two (2) key areas:

• increased remuneration, and
• the provision of comprehensive payroll services.

If you are a contractor within the ACT you will always be better off in the hand being paid by PayMe, as opposed to being paid by your recruitment company, as PayMe does not need to pass on the payroll tax.

For contractors in other states and territories your benefits are derived from the fact the PayMe has one flat fee for all salary packaging, car and motorbike leases and LAHFA. Due to payroll tax laws in other states and territories, this tax must be paid and in most instances is passed on to you by your recruitment company.

When comparing payroll companies you should ensure that:

• there are no joining and exit fees
• there are no additional fees for salary packaging, car and motorbike leases and LAHFA, and
• your superannuation is based on your hourly rate prior to salary sacrifices and LAHFA.
  Note: This is an Australian Taxation Office (ATO) requirement. There is a risk to you if you accept a payslip that reduces your superannuation if you salary sacrifice and are paid LAHFA because while this will give you greater cash in hand, this is illegal, and the ATO will require those funds reimbursed within 30 days. See the ATO website for further information.

For those Contractors trading through their own Pty Ltd Companies 

For those contractors trading through their own Pty Ltd companies, we charge one flat fee of 2%. 

Click on the button below to determine our fees and your post fee hourly rate.

You do need you to obtain your own workers compensation, public liability and professional indemnity insurances.  It is particularly important to obtain your own public liability and professional indemnity insurance because should your recruitment company's client make a claim based on work you conducted three years after you performed the work, for example they might say you were the cause of an issue that now needs to be fixed at a cost of $4m...your company will be the target for that claim.   A payroll company's professional indemnity insurance will not cover you, or your company, three years after you worked, no matter what is indicated to get your business.

We recommend that you call so you can understand this significant risk to your company and your personal assets.   PayMe’s own insurance broker, OAMPS, may be able to assist you with your insurance needs in all states and territories. Mention that you receive PayMe services and you will receive a very similar rate as our corporate rate that we do. 

Our point of contact is the ACT OAMPS Branch Manager, Phil Hardacker, or Phil's Senior Account Executive, Steve Okkonen, on 02 6283 6555.