- Directory of Members
Wednesday, 29 March 2017
10am – 11am
Hosted by Modulr in partnership with FCSA
As we all know, IR35 is a hot topic at the moment. While the conversations are quite rightly focussing on staying the right side of the HMRC regulations, it’s also an opportunity to take another look at your payroll processes and see where there might be inefficiency.
At Modulr, we see 3 potential payments implications of the updated IR35.
There is no one solution to these challenges but embracing new technology is a useful starting point. APIs (Application Programming Interface) are now being used widely to automate the scheduling of payments and collection of commission. The Faster Payments Service is becoming more accessible, and this allows 24/7 payments that are affordable: imagine a contractor finishing their shift and receiving their payment within minutes. And accounts are becoming much easier to open; in fact it’s possible to get dedicated payment accounts for all the businesses you serve and open them instantly. This has huge implications for the reconciliation time needed each month if invoices are paid into separate accounts.
IR35 is certainly bringing uncertainty into the employment services industry. But it could also be a huge opportunity to ensure your payments infrastructure is up to date.
To help you make sense of it all, Modulr will be running a free webinar in conjunction with FCSA on this topic on March 29 at 10.30am – 11.30am.
To register your interest, simply send us an email, and we will notify you when the registration page is open.