Merit Umbrella Software - Spend less time running your payroll and more time growing your business!

The Merit Umbrella System has been developed to calculate payrolls using tax efficient calculations. This module can process both Umbrella Payrolls and Single Person Companies (SPC) and these can be mixed within a database.

Umbrella calculations typically allocate how much of pay is subject to minimum wage and how much can be reclaimed as allowable expenses. The balance of pay is then subject to PAYE Tax and NI. More sophisticated than a standard calculator; pay calculations can be undertaken inclusive or exclusive of holiday pay; allowable expenses can be set to include fees and employers NI; unpaid expenses can be carried forward and used against future payments.

SPC calculations allocate PAYE salary (configurable) and any profit is reduced by costs (expenses, fees, Employers NI etc.) with the balance treated as a dividend subject to corporation tax with the nettdividend being paid to the shareholder.

There is a flexible fee structure within Merit covering a variety of options from fixed amount or percentage to banded sliding scales. Fees can be allocated on a pay period or timesheet basis. Fees can also be assigned at an employee by employee basis, or by client or consultant.
Comparison calculators,enable you to view calculated payments as they would be as standard PAYE compared to Umbrella, outlining the benefits to agencies and employees. An excellent tool for your sales team!

The calculations are set to each company’s own requirements, as we understand the flexibility required when operating such schemes. The module is designed to work with Merit’s Payroll database, easing the administrative burdens of operating these schemes.

We understand that each umbrella company is different and will work hard to ensure our solution fits in with your business model. For a no obligation demonstration of our Umbrella system, please call our sales team on 0845 83 86 111