Contractor Management Services, Contractor Payroll Services, Contractor Payroll Management

Contractors

One flat fee of 3%

Our 3% fee 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.

PayMe was established to provide the services we required from the existing payroll companies in the ACT when we were contractors.  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.

Exactly how much will I be Paid?

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

Why pay my recruitment company a fee, and then pay PayMe a fee?

Put simply, the answer is increased cash in hand to an average of between $4000 and $8000 per year.   This is explained below:

• When you are paid directly by a recruitment company in the ACT, the recruitment company must pay the ACT Government 6.85% of your rate as payroll tax.   For example, if your recruitment company identifies what it can sell your services for $100/hr, this means that you will lose $6.85 per hour and be paid $93.15/hr instead.
• When you are paid through PayMe you engage the services of a payroll tax exempt company that is not required to pay payroll tax.  Therefore your recruitment company allows it to invoice for your services at the original $100/hr.  Our fee of 3% is deducted, and you are 3.85% better off that if you were paid by your recruitment company.   In this example being 3.85% better off, is $3.85 an hour better off, $30.80 per day or $7392 per year if you work for 48 weeks.    
• For contractors in all other states, we simply need to add your state's payroll tax to our 3% fee, and you will find that this is much lower than all our competitors.

Compare Payroll Companies and Test their Service 

You must compare payroll companies because cheaper is not always better.   Likewise, many large and small payroll companies use voice mail or an outsourced reception service to answer calls so they can make a profit.  Particularly on Mondays and Tuesdays these copanies do not answer calls at all because they are invoicing.   Ask yourself, “is this the service I want?  Will the telephone call be answered by someone that knows me, can assist me, and solve any problems I might have instantly"?  This is important because if you want to talk directly to a payroll officer, or our certified practicing accountant, you will and each time and every time within 3 rings at PayMe.   Test this by seeing how many payroll companies actually answer the telephone at all times by qualified payroll officers.  We do.

When comparing payroll companies you should ensure that:

• You can read the pay slip and understand all documents sent to you.
• There are no additional fees for salary packaging, car and motorbike leases and LAFHA.
• That your superannuation is based on your hourly rate prior to salary sacrifices and LAFHA.   Some companies will lure you in with the promise of more cash in hand than is permitted by the Australian Taxation Office.  What you do not know is that they achieve this by acting illegally and you will need to have your salary adjusted when audited.   
• In particular, if you are claiming LAFHA be sure that you are claiming exactly what you spend on accommodation because if the payroll company allows you to falsify the claim, the Australian Taxation Office will require those funds reimbursed within 30 days.

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.

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.