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Helping our contractors navigate the off-payroll working legislation

Steven Cheeseman

Steven Cheeseman | Senior Digital Marketing Executive

Thursday 9th Jun, 2022

PayStream’s limited company offering, My PSC, was voted the UK’s Best Accountancy Service by an independent panel of judges at The Contracting Awards 2020. From light-touch online accounts to in-depth personal tax planning, our service is flexible and can be tailored based on the contractor’s circumstances.

We wanted to gain a first-hand account of My PSC from someone that is currently using the service. So we decided to speak with Tony, a Quantity Surveyor who has been working outside IR35 for the past several years. During that time the off-payroll working legislation was introduced, so we were keen to hear how those changes had affected him, and whether PayStream helped him navigate the complexities of IR35.

1  When did you first start using PayStream’s limited company service?

I initially joined PayStream’s umbrella company in 2015. But because I’d had such a positive experience using their umbrella, I then chose to move over to their PSC service later on in 2015 for my next contract.

 

2  How have you found your experience of using My PSC overall?

It’s a nice and easy experience. The whole team with no exception whatsoever have provided a superb service, it’s been very worthwhile.

 

3  Did PayStream provide you with updates about the introduction of the off-payroll working legislation?

Yes, I was kept really well informed by PayStream. I received both email updates and phone call from my accounts team and was kept up-to-date.

 

4  How did the off-payroll working legislation impact you?

I took comfort in the fact that PayStream had already reviewed my contract. They confirmed that I would remain outside IR35 so I could continue working through my PSC.

 

5  Would you have been as prepared for the off-payroll working changes without PayStream's assistance?

No way, I needed PayStream. There is no question about it.

 

6  Are you satisfied with the service you have received from PayStream?

I decided to close down my limited company once I’d finished my contract and PayStream have been assisting me with this process. The service has been absolutely superb. They’ve been holding my hand throughout the entire process and have given me all the calculations and explanations. They’ve been fabulous.

 

 

To find out more about Tony’s experience using our My PSC service, you can read the full case study by clicking the download button below.

We’re proud to support contractors like Tony with our award winning limited company services. So if you’re looking to make the switch from umbrella to limited or find yourself outside IR35 on your next contract then My PSC could be perfect for you. To find out more, you can speak to our team on 0161 923 0201 or email newbusiness@paystream.co.uk

 

Want to read more about Tony's experience?

Read our full interview with Tony in our PDF download.

Read more here

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