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Old 04.01.2014, 00:59
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Salary portage: an interesting hybrid of independent & salaried

I'm (semi-)seriously looking at becoming a consultant. If only my current pension deal wasn't so sweet...

Thanks for the threads that clearly set out the true costs.

Anyway, there are several barriers. Amongst which are: 1) I'm rubbish at administration; 2) I'm a frontalier and I don't want to be taxed in France. So here's an interesting alternative to setting myself up as a sole trader (autoentrepreneur, in France).

"Salary portage" (portage salariale) means that you negociate your consultancy work as usual, but the fee is sent to a third party who do all the admin work, including AVS , and then they pass on the payment as a salary. They usually take 5-10% of what you earn as their fee.

Without trying very hard, I've found two interesting-looking companies in Geneva:

JAM
http://www.jaminternational.com/en

Amedia Capital (in French only).
http://www.amedia-capital.ch/service...neurs-suisses/

So, what do we think?
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Old 04.01.2014, 01:54
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Re: Salary portage: an interesting hybrid of independent & salaried

The first company you've listed states a cell phone number as its main number. Not sure whether you should entrust a company with your sensitive data, if they can't even manage to have a landline.
The second company basically tells you what they're in business for. The site is pretty basic and they don't tell you much about themselves...but at least, the have proper landline.
Not sure what to think of it. With a little bit of luck, someone on the forum will have had some experience with either company or could suggest one to you.
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Old 04.01.2014, 08:15
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Re: Salary portage: an interesting hybrid of independent & salaried

Check out both companies on moneyhouse.ch - you'll have to pay a fee, but it isn't very much. Beware of any such company that offers ridiculous returns.
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Old 04.01.2014, 10:14
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Re: Salary portage: an interesting hybrid of independent & salaried

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Check out both companies on moneyhouse.ch - you'll have to pay a fee, but it isn't very much. Beware of any such company that offers ridiculous returns.
Plot slightly lost here, unless I'm mistaken... "All" that I want them to do is handle my bills and administration efficiently for a reasonable fee. No question of returns. Creating those is my problem.

Anyway, having an initial meeting is free. I'll probably give it a shot.
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Old 04.01.2014, 11:55
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Re: Salary portage: an interesting hybrid of independent & salaried

Your return is how much money you get in your hands after they've deducted fees and taxes. Some companies offer schemes where this can be approaching 90% of the fee that your client pays. These schemes have a high risk of landing you with a massive tax bill, including penalties and interest. If you talk to these people and they offer anything other than deducting normal taxes and their fee - walk away.

The reason for checking their credit worthiness is that they will at various times be holding (hopefully large amounts of) your money.
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Old 04.01.2014, 14:50
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Re: Salary portage: an interesting hybrid of independent & salaried

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Your return is how much money you get in your hands after they've deducted fees and taxes. Some companies offer schemes where this can be approaching 90% of the fee that your client pays. These schemes have a high risk of landing you with a massive tax bill, including penalties and interest. If you talk to these people and they offer anything other than deducting normal taxes and their fee - walk away.

The reason for checking their credit worthiness is that they will at various times be holding (hopefully large amounts of) your money.
Ah, I see what you were getting at, now. Good point about the creditworthiness, but as a Geneva frontalier, my tax is deducted at source, so your second point "shouldn't" be an issue. Still, the point that you can't be too careful is well worth making to an innocent like me .
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Old 10.01.2014, 20:38
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Re: Salary portage: an interesting hybrid of independent & salaried

OK, I've now found out from another thread that the concept of "payroll company" is well known, duh....

Based on that here's another one in Geneva. Looks good, but, hell, slick web sites are easy to do, so caveat emptor, baby.

http://www.helvetic-payroll.ch/en/welcome/

I think I'll go and see several to get a feel for who is most convincing.

Keep those wise words coming, please.
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Old 10.01.2014, 20:42
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Re: Salary portage: an interesting hybrid of independent & salaried

Here's another one.

Ask them what they do if the end client doesn't pay on time. I.e. do they have a dunning process, and will they pursue non-payment through the courts.

The problem is that it's only the fee that's at risk for them (and a bit of cashflow), so they've little incentive to chase non-payment properly.

If you have good clients, it's not a problem of course - but do credit check your clients as well!
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