PEO: FAQs - JMK Group

PEO is a transparent PAYE employment model where the actual gross pay rate is quoted from the start and does not change. There are no deductions other than PAYE employee tax, national insurance and pension, if applicable.

PEO FAQ'S:

How does PEO work?

Your business and the PEO will both be officially recognised as the individual’s employer, with appropriate contracts outlining responsibilities and liabilities for both parties, whilst also providing clear guidance to individual employees.

My Payroll is critical, why would I risk outsourcing it?

When you stop and think about it, numerous parts of your business could or maybe already are being outsourced, such as: IT, Marketing, Cleaning, Security, Lead Generation. Due to the raft of legislative changes, outsourcing payroll is a popular choice, mitigating risk and enabling you to focus on activities supporting profitable growth.

Why PEO as opposed to typical outsourcing?

You, as the employer maintains full control. With typical outsourcing, you will often worry if the work is being completed accurately and compliantly; if anything goes wrong, you are ultimately responsible. You can reduce risk due to the PEO inheriting a level of responsibility and legal accountability for any penalties incurred.

So, a PEO is a safe outsourcing option?

Simply put, yes. Plus, it is financially prudent to move a number of internal administrative and support functions to an outsourced specialist.

How JMK can help you

Since 2002, JMK have been compliantly consolidating accountancy and payroll functions.

We have evolved to provide a range of expert services; such as Professional Employer Organisation (PEO) or Funding, becoming a leading provider to the contracting industry.

We know every agency is different in some shape or form, even if only by a little, but important bit. Combining our knowledge and experience of multiple sectors enables JMK to support you all from recruiters and payroll, through to finance, compliance and management.

With JMK as your trusted partner, even the smallest team can process the largest payroll, regardless of payroll type.

Have a look at the wide range of services our Professional Employer Organisation (PEO) can provide to you and your business, it is far more than just payroll and finance.