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PayStream unveils My PSC Online - tailored software to help limited company contractors with their accounting

Paystream News

Kerry Hull

Tuesday 15th May, 2012

  • My PSC Online launched to provide contractors with 24/7 access to bespoke accounting software which has been developed with contractors in mind
  • Support and expert advice from PayStream's team of accountants
  • Service available from only £75/month + VAT

PayStream, has unveiled its revamped 'My PSC Online' service to provide contractors operating through their own limited company with 24/7 access to easy to use business software making it even easier to keep track of income and expenses and so saving them both time and money.

Starting from only £75 per month + VAT, users will be able to raise their invoices and record their income and expenses through a safe and secure portal, helping them to keep on top of their finances and fit in with their work and lifestyle.

Additionally, contractors can input their transactions at any time of the day - providing greater flexibility - while the company's team of fully-qualified accountants will be on hand to provide email advice to those who subscribe.

With My PSC Online, PayStream's accountants prepare all payroll and tax calculations, quarterly tax returns and annual accounts and tax returns. Additionally, customers benefit from advice from PayStream's Compliance team on IR35 at a competitive price and the option to subscribe to PayStream's Personal Tax service. PayStream can also provide access to discounted insurances.

The unique and simple-to-use software package was developed by PayStream following feedback from contractors, meaning it has been tailored to their needs.

Paul Malley, PayStream Managing Director, said: "We are really pleased to announce the launch of our new online accountancy service. Although there are many online accountancy packages out there, we saw a gap in the market to produce something more specific to the needs of the contractor community."

"My PSC Online is extremely simple to use, most applications in the market have been developed to satisfy the broader accounting needs of personal service companies, small businesses and self employed individuals alike and are therefore inherently more complicated. Based on years of experience we have tailored the offering to the specific requirements of the contractor running their own personal service company."

"My PSC Online means that we now have a service suitable for contractors who have the time and knowledge to look after the everyday tasks involved in running a limited company, which complements our full PSC service 'My PSC' which is aimed at those contractors who require a more complete service including full bookkeeping and ongoing telephone support from their dedicated Accounts team."

"We're confident that this additional service further enhances our position of being the only true one stop shop service provider to contractors in the market."

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