why Do I need a payroll company?

Here at Bookssorted, we often get new contractors contact us to find out exactly what partnering with a contractor payroll company means.

Having more than a decade in the IT contractor payroll management business, we know that moving from a permanent job to a contract role can be exciting and scary all at the same time.

Many people take the leap because of the flexibility, the ability to get into the nitty gritty of an exciting project, or to earn more money for their skills. But when you are new to contracting, there are plenty of questions that aren’t easy to find a straight answer to.

These include;

  • do I need insurance?
  • how do I get paid?
  • how do I pay tax?

That is what a contractor payroll company does for you. In addition, we will also help you optimise your pay.

Often as a permanent employee, you will have a Human Resources Department or a Payroll team who will breakup your pay according to your specifications.

These can mean;

  • Putting the correct amount of your pay into Superannuation
  • Withholding tax
  • Paying into specified accounts

As a contractor, every dollar you earn needs to be managed by you, or a payroll services provider. Joining our family at Bookssorted Contractor Payroll Services means we take care of all your deductions, including paying into your super account, paying your PAYG tax to the Tax Office, managing any salary sacrificed items, including Living Away From Home Allowance (LAFHA) and ensuring you receive regular payslips and a PAYG Summary at the end of the financial year.

We also pay your insurances

  • Public Liability
  • Professional Indemnity

In most instances you need these insurances before you step can step onto site to undertake your contract work.

In short, we manage the essentials and ensure your residual pay goes into your account like it would in any permanent job, giving you hassle-free control over your money – there’s no stress about what amount you may need to keep aside for what tax or other purpose.

Bookssorted have been my payroll company of choice for over 3 years. From the outset Christine has been an exceptional ambassador for Bookssorted. I believe it is that attention to detail and customer service, along with the flexibility and range of services offered by Bookssorted that sets the company apart. I would gladly recommend Bookssorted for all payroll needs in today's IT Contracting market.

Robert L.

I am a contractor and I was referred to use Bookssorted for my payroll processing. I consider myself to be very lucky to have this referral as I have had nothing but excellent customer service and peace of mind with Bookssorted. My payroll has always been processed accurately and on time and I have no hesitation in recommending Bookssorted to anyone who is looking for a payroll solution

Gloria C.

Bookssorted was recommended to me by a number of my colleagues. There are never any delays in payment and they have been fantastic to deal with. Being new to the IT industry, she offered support and advise on a number of issues that I was unsure about. I highly recommend Bookssorted to any one that is after a payroll management company.

Chantelle D.

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We also work closely with finance companies specialising in novated leases to ensure you get the best service and support possible when choosing and purchasing your car, through to paying the lease and finalising the novation at the end of the lease.

If you want to know more, call us on 02 6161 8580 or email payroll@bookssorted.com.au.

At Bookssorted, we operate in Sydney, Melbourne and Canberra and we’re here to help! We are a payroll service company that has been in the industry for more than a decade, so we’re big enough to manage all your contractor payroll needs, yet small enough to know your name when you call! If you’re not with a payroll management company, or your payroll service isn’t providing you the quality service you need, chat with us and join the Bookssorted family.