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Launch HN: Onfolk (YC S21) – Modern HR and Payroll in One Place (For the UK)

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Re: Launch HN: Onfolk (YC S21) – Modern HR and Payroll in One Place (For the UK)

#31

Post by 4thstreet »

T-J-L wrote: post #24

From someone who spent 10 years in the UK Payroll industry, good luck! I’ve spent many hours thinking about doing this myself. One question that’s not clear from your website, what part of the market are you targeting? Payroll for a 10-person company is vastly different from a 10,000-person company (As I’m sure you are aware). Regarding the API, personally I wouldn’t say the payroll processing API is a feature I’ve s…

For the all-in-one HR & payroll product, we're targeting startups in the 0-50 person range. Part of that is pragmatism: as a young company smaller startups tend to be discerning early adopters who we can easily relate to as a small startup ourselves.

Initially we did wonder if we could sell it back to Monzo, but I think that's a way off - supplier onboarding requirements alone make it hard for a new player to sell to a large company (especially banks, which typically are demanding with supplier onboarding).

Thanks for the thoughts on the API!

Re: Launch HN: Onfolk (YC S21) – Modern HR and Payroll in One Place (For the UK)

#32

Post by LilBytes »

miqkt wrote: post #15

One of my previous stints was with a small team that was building a cloud-based payroll and HR platform for the Australian market (potentially going abroad as well). It definitely opened my eyes to how complicated award rules can be. I also remember testing being a challenge, particularly when things like multiple backpays, accruals, or one off adjustments were involved. There was also an integration API, but I didn'…

TechnologyOne? Xero?

I was at the former :).

Re: Launch HN: Onfolk (YC S21) – Modern HR and Payroll in One Place (For the UK)

#33

Post by throwaway_2047 »

Congratulations on the launch!

I've recently moved to UK and doing research on payroll/tax matters. I am working remotely for an overseas company making foreign income.

Do you support foreign company having employees in UK? The things I think needed support are

- Send Full Payment Submission to HMRC

- Apply pay as you earn scheme for employer (or is it for employee?)

- Filing Self Assessment tax returns to report foreign income

I am new to this matter so am not sure if the list makes sense at all.

Re: Launch HN: Onfolk (YC S21) – Modern HR and Payroll in One Place (For the UK)

#34

Post by T-J-L »

4thstreet wrote: post #31
T-J-L wrote: post #24

From someone who spent 10 years in the UK Payroll industry, good luck! I’ve spent many hours thinking about doing this myself. One question that’s not clear from your website, what part of the market are you targeting? Payroll for a 10-person company is vastly different from a 10,000-person company (As I’m sure you are aware). Regarding the API, personally I wouldn’t say the payroll processing API is a feature I’ve s…

For the all-in-one HR & payroll product, we're targeting startups in the 0-50 person range. Part of that is pragmatism: as a young company smaller startups tend to be discerning early adopters who we can easily relate to as a small startup ourselves. Initially we did wonder if we could sell it back to Monzo, but I think that's a way off - supplier onboarding requirements alone make it hard for a new player to sell to…

That sounds good and perfectly sensible. All the best & I’ll follow your progress with interest.

Re: Launch HN: Onfolk (YC S21) – Modern HR and Payroll in One Place (For the UK)

#35

Post by 4thstreet »

throwaway_2047 wrote: post #33

Congratulations on the launch! I've recently moved to UK and doing research on payroll/tax matters. I am working remotely for an overseas company making foreign income. Do you support foreign company having employees in UK? The things I think needed support are - Send Full Payment Submission to HMRC - Apply pay as you earn scheme for employer (or is it for employee?) - Filing Self Assessment tax returns to report for…

Hi! If I understand correctly, you're working for a foreign company but living in the UK and hoping to go on UK payroll?

We support UK payroll, but there's a few other hoops your company may have to jump through in order to employ you in the UK.

Things to be aware of are whether your work in the UK will trigger "permanent establishment", which could have corporation tax implications for your company.

If your employer has a UK entity we can support them, but if not you might want to suggest a Employer of Record setup to which will abstract away a lot of compliance headaches for your company (e.g. https://www.letsdeel.com/ , https://www.boundlesshq.com/ , https://remote.com/)

Hope that helps!

Re: Launch HN: Onfolk (YC S21) – Modern HR and Payroll in One Place (For the UK)

#36

Post by throwaway_2047 »

4thstreet wrote: post #35
throwaway_2047 wrote: post #33

Congratulations on the launch! I've recently moved to UK and doing research on payroll/tax matters. I am working remotely for an overseas company making foreign income. Do you support foreign company having employees in UK? The things I think needed support are - Send Full Payment Submission to HMRC - Apply pay as you earn scheme for employer (or is it for employee?) - Filing Self Assessment tax returns to report for…

Hi! If I understand correctly, you're working for a foreign company but living in the UK and hoping to go on UK payroll? We support UK payroll, but there's a few other hoops your company may have to jump through in order to employ you in the UK. Things to be aware of are whether your work in the UK will trigger "permanent establishment", which could have corporation tax implications for your company. If your employer…

Thanks so much for the pointers, super helpful!

May I know what is the implication of not going UK payroll, i.e. earning foreign income? I might go for submitting an annual self assessment on my foreign income if there is no huge downside. Also definitely looking into "permanent establishment". The EOR suggestions are very helpful!

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