It’s really simple, PEO (Professional Employment Organisation) is straight up PAYE for the contractor and an outsourced payroll function for agencies and end hirers. When a worker is engaged with Accountancy Partners PEO, they are fully employed and are paid PAYE at their actual quoted gross rates agreed by the agency or hirer. Employment costs are dealt with separately between PEO and agency or hirer, the contractor is never charged for the service so their payslip is straightforward, transparent and they know exactly what their rate of pay is every time.
Contractors are employed, so they are entitled to the same statutory benefits as permanent employees, and better still, they also have access to an exclusive range of rewards, high street discounts and wellbeing perks via our ap rewards platform.