OPRaaS: Off-Pay Roll as a Service
OPRaaS is an end-to-end value solution that helps organisations optimise the usage of contingent workers (e.g. freelancers, temps, contractors, interims, and consultants) whilst at the same compliantly navigating the changing UK tax and employment legislation such as Off-Payroll Reform (IR35) and the Good Work Plan.
Why you need to care about Off-Payroll Reform/IR35 if you engage contractors?
From increased costs of hiring to shrinking talent pools, project delays and cancellations, interruptions to BAU and service delivery, reputational and brand damage, as well as potential legal challenges, changes to IR35 are poised to shakedown the private sector organisations who are not prepared for Off-Payroll Reform.
The case for using contingent workers
Contingent labour can be a cost-effective, efficient, and competitive solution for organisations to scale on-demand. With advancements in technology and communications, the rising trend of contingent worker usage is likely to continue.
Why you need to care about the Taylor Review & the Good Work Plan
The Taylor Report of modern working practices of 2017 led to the government’s Good Work Plan, the GWP proposed changes will add significantly to the administrative and compliance burden of those agencies and end hirers contracting directly with contingent workers through increased transparency requirements and higher potential penalties for any employment law breaches.
With OPR changes, there will be more contractors engaged on a PAYE basis so preparation by agencies and end hirers is required to mitigate the risks of non- compliance
What OPRaaS does for end hiring organisations
Compliance has never been so important
OPRaaS creates configurable solutions to address your organisation’s unique challenges, ensuring full compliance with IR35 and employment law changes of the future.
In fact, we view the proposed changes to IR35 as a real opportunity for an organisation to gain competitive advantage through:
Optimising and maximising the use of Off-Payroll workers
Potentially reducing the cost of hire for Off-Payroll workers
Establishing compliant and streamlined hiring processes
Retaining business, service and project continuity
Protecting the organisation’s brand and reputation
Ensure continued access to the very best talent
Become the ‘destination of choice’ for Off-Payroll workers.
Compliant ‘future-proofing’ to the changing tax and employment legislation
Key Offerings
OPRaaS Assessment and Audit
An end-to-end Off-Payroll Reform solution will ensure your organisation is fully optimised and compliant for the proposed Off-Payroll Reform changes. Our high-touch consultative approach and services include:
Assessment and Audit: Educate, Remediate, Determine and Indemnify your Off-Payroll workforce
Tax and legal expertise on IR35 and on-going support
Technology provision via a one-stop compliance management platform
Repositioning your organisation as a ‘Destination of Choice’ for Off-Payroll workers
Future-proofing your organisation against the potential risks and challenges to the changing tax and employment landscape
Ensuring your organisation retains a competitive advantage
OPRaaS Workforce Management Solutions
OPRaaS partners with UK-based Workforce Management Solution providers to implement Vendor Management and Managed Service Provision to deliver visibility, control, and compliance over your contingent workforce
OPRaaS partners with leading workforce solution partners to provide a disruptive, next-generation model. Our model & technology helps optimise and maximise their client’s Off-Payroll workforce and supply chain, ensuring visibility, control, and compliance across the hiring and payrolling process. With an accelerated implementation of six weeks and an on/off-site account team, our partner provides visibility via real-time MI & BI insights and solutions.
OPRaaS Workforce Management Solutions will provide:
‘Next generation’ mobile-friendly, easy to adopt technology
Accelerated and methodical implementation
Visibility and control of the Off-Payroll workforce estate
Streamlined hiring and payrolling processes
Cost control and reduction
DaaS – Data as a Service - to provide real-time reporting MI & BI for data-driven decision making
Future-ready compliance with the evolving UK tax and employment legislation
OPRaaS PEO: Professional Employment Organisation Solution
OPRaaS partners with PEOs to ensure agencies and end hirers add value to the contractors they engage as well as providing increased efficiencies, transparency, and compliance with the changing legislation of OPR and the GWP.
The PEO model is an alternative payrolling approach to the umbrella PAYE model:
The PEO becomes the employer of record
Provides workers with a full contract of employment
Compliantly pays contractors PAYE with a clear and simple payslip
Manages contractors employment; pays all taxes and manages holiday pay
Responsible for all statutory employer obligations such as establishing Right to Work and handling any disputes and employment tribunals
A simple chargeback of employment costs to agency or end hirer
Additional benefits for agencies and end hirers:
Increased access to the flexible workforce talent pool
Improved Contractor Value Proposition
Reduced administrative and pay-rolling burden
Under the PEO model:
No charge to contractors as agencies or end hirers are charged a simple administrative fee
Contractors currently working under their own Limited Companies/PSCs are made compliant under a simple and streamlined invoicing process with one invoice for all
There is no disruption to agency/contractor relationship
Contractors receive a simple PAYE slip
Reduced confusion associated with more complex umbrella payslips
Contractors are no longer caught by IR35
PEO is portable to any future assignment providing employment continuity
Agencies/end hirers enjoy employment status compliance protecting their reputation
For agencies, the PEO model is an excellent addition to their value proposition by ensuring compliance in a demanding legislative landscape.
IS YOUR BUSINESS FUTURE READY?
Get ‘future-ready’ by partnering with OPRaaS
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Chris Dunn
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