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.