A change is coming and it's time to switch...
For those who don't yet know, changes to off-payroll working in the private sector are coming into effect from April 6th 2021. It means the private sector will essentially fall in line with the off-payroll working changes implemented in the public sector back in 2017, minus a few alterations here and there. As changes go, it's almost as big as Sol Campbell's transfer from Spurs to Arsenal in 2001.
Essentially, the new rules mean that IR35 responsibilities will shift from contractors to the person paying the contractor, which is usually your agency or client. As a result, some sectors, such as finance, have made a decision not to work with limited company contractors in the future.
This means many existing limited company contractors will be required to switch to a PAYE service, such as an umbrella service, in order to continue working as a contractor in these sectors. This is where PayStream - like Sheringham and Solskjaer for Man United in the 1999 Champions League final - can come to the rescue.
Who offers the best deal?
We might be a tad biased, but in our eyes, we're the team you should be looking to join when it comes to making that switch. From the moment you sign up to our service, we promise to place your interests first - we'll be with you through thick and thin and we always want what's best for our clients.
One of the biggest benefits of signing up with PayStream is our outstanding level of customer service, as demonstrated by our multiple awards. This includes being named Best Umbrella Company at the Contractor UK Reader Awards 2018 for the third consecutive year (five times overall), as well as our full accreditation by Customer Service Excellence, APSCo and the FCSA. It's a trophy cabinet that would make Lionel Messi jealous.
We're also the only umbrella services provider that is run by qualified accountants and lawyers. This means we're always abreast of the latest developments in industry legislation and can provide the best level of service that is compliant and tailored to meet your individual needs.
And finally, our in-house IT team also means we are able to react quickly and seamlessly to legislative changes. So this, coupled with our extensive experience, means we always make the right decisions when it comes to the services we provide - something that can't be said for VAR, unfortunately.
You won't fall foul of the referee with PayStream on your side, and if that's not a hat-trick of reasons to sign up with PayStream, we don't know what is!
So, what's left to decide?
We're all about getting the best result for our customers, so if you'd like to find out more about what's involved in transferring to a new umbrella service provider, whether you'll be affected by the IR35 reforms in the private sector, or simply what other benefits you can receive by working with us, please don't hesitate to get in touch.
Ultimately, we don't want you to score an own goal this transfer season, so sign up with PayStream to handle all of your payroll needs.