Contractors

Contractors

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.

For contractors owning Pty Ltd companies our fee is 2%.

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, we make it accurate, and if we don't pay you on time, we refund your fees for that pay period. We do not use answering machines, and every email is answered by the next business day.

Use our calculators to determine what your hourly rate will be if you choose PayMe.

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.