AW Kinekt started in 1999 providing high skilled contractor services to the IT telecom industry. In 2006 we were acquired by tax compliance business AW (Anderson Whittle) which provided the synergy of AW’s 25 years history in tax, payroll, compensation and financial consulting to now provide South Africa’s first Contract House highly efficient platform. We’re trusted, professional, efficient and provide our internationally compliant contracting platform safely and securely!
The Costs You Save
Why the Contract House solution?
- IT’S A COST SAVING SOLUTION
- Contractors in SA cannot trade via a company or trust due to the personal service deeming provisions of the 4th Schedule of the Income Tax Act.
- Direct hire of Contractors by end clients can be very costly to the client as a result of employment being deemed resulting in PAYE, LTB and LRA costs and penalties
- Contracting skills via AWKinekt saves UIF, SDL, NHI, Payroll, HR, LRA, CCMA, retrenchment, LTB, and other employment costs such as leave, sick leave, management overhead, retirement. This saving is at least 15% on employment .
- The US Dept of labour’s estimate of a present day college leavers average length of employment with an employer (from 18- 42 age) is 1,8 years.
- Present day very high skilled people do not see value in employer career plans, career development, HR and employer benefits in an arena of short term employment . They prefer their compensation as an independent contractor, which maximises their cash.
- Returning top level contractors from overseas have inevitably been operating as independents. AWKinekt provides them with the same structures and tax effectiveness they have been used to overseas. By using AWKinekt you thus attract and gain the skill input of top level international level contractors.
- By retaining AWKinekt the client insulates themselves from the deemed employment attack or the risks of hiring contractors directly.
- AWKinekt is not a labour broker.
- SARS scrutiny of contracted services is increasing and compliance services will become as valued by clients as access to best candidates.This is an area of critical risk.
- AWKinekt Contract House has 10 years experience slashing costs in the expensive and highly legislated South African employment arena via provision of time/task based skills in time and task format