We’re thrilled to announce that PayStream has been shortlisted in 3 categories at The Contracting Awards 2020, including: Best Umbrella Company, Best Contractor Accountancy and Best Contractor Innovation for our groundbreaking IR35 Comply review service.
At PayStream, we have roughly 20 team members working within our payroll department, from trainees right up to well established and experienced Payroll Seniors. To mark National Payroll Week 2020, we asked our Payroll Manager a series of questions to understand the huge impact their work does for not only our contractors but the agencies we partner with.
As the world starts to adjust to what the ‘new normal’ will look like, our sector is no different. The Government is keen to get the economy restarted and we all know how important the flexible workforce is in rebuilding a strong economy. They have already announced their plans to bring furlough to a close as they are keen to get the economy restarted.
When the Government introduced the Coronavirus Job Retention Scheme (CJRS) the country breathed a sigh of relief. However it was short lived for our umbrella employees because once we had all digested the guidance, it was clear that the Government hadn’t fully considered the way in which an umbrella employee works, and more specifically how the definition of regular salary should be interpreted for such an employee.
In this article we look at the challenges around furlough for umbrella employees. In particular the frustration and confusion created by differing opinions as to whether furlough pay is calculated on gross pay or basic pay.
From Wednesday 25th March our offices will be closed, however we are well under way with our remote working plans to continue to support all our customers through this crisis. While we will endeavour to deliver our normal level of service, as I’m sure you’ll appreciate this may have some impact on the high levels you have come to expect from us.
Steven has been working at PayStream for the past couple of years as our Senior Digital Marketing Executive. He looks after all content for the company's social media channels, as well as contributing to our email campaign strategy, SEO management, video creation, webinar hosting and literature design. We wanted to find out a little more about Steven and his PayStream journey.
With the introduction of the new legislation due in a matter of weeks you will spot a trend with this month’s newsletter – help and advice regarding the off-payroll working legislation. For instance, if you’re a limited company contractor affected by the changes, you may not be aware of how an umbrella company differs from an agency payroll, so we explain the difference between the two and the benefits that can be gained from working as an umbrella company contractor.
In April 2021 we'll see the implementation of off-payroll working in the private sector, a considerable number of contractors who currently choose to work through their limited company (PSC) may have that choice removed from them. Those likely to be affected have found themselves in unfamiliar territory in trying to choose an Umbrella Company
For those who don't yet know, changes to off-payroll working in the private sector are coming into effect from April 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.