Limited company
Our limited company accountancy services are designed to give you what you need at a price that makes sense for your business.
Articles
Switching to PayStream is easy
Are you unhappy with the service your current provider is giving you? If your accountant isn't able to give you the service and expertise that you deserve then now is the perfect time to switch.
Insurance cover highlights
At PayStream we offer a comprehensive level of insurance cover for our limited company contractors. Take a look at the highlights of this cover.
My PSC vs High Street Accountant
If you've thought about finding a more tax-efficient way to work, you've probably already considered getting in touch with a local accountant. So we thought you'd find it useful to see how My PSC compares to the service you'd typically get from an accountant on the high street.
Videos
Introducing PSC Insight
Our specially-designed online accounting portal helps you shine a light on your company finances quickly and conveniently, whenever you want. Only for My PSC and My PSC Exec contractors.
A guide to PayStream's Limited company services
If you're a contractor who can work outside of IR35, working through your own limited company is by far the most tax-efficient option for you. This video outlines how PayStream's limited company services can benefit you.
Why should you set up as a Limited company contractor?
What are the main benefits of working as a limited company contractor? We take a closer look in this video.
What is a personal service company?
What's the difference between a personal service company and a limited company? Our video explains...
How do I set up a limited company?
It's very easy to set up your own limited company, or personal service company, as some people like to call it. Our video explains how...
What are your responsibilities as a director?
Setting up a limited company can bring with it a number of responsibilities, including several taxes that you need to pay over the course of the year.
Umbrella vs Limited Company
When you decide to work on a contract basis, you can either work through an umbrella company or become a limited company contractor. But before you decide on which option is best for you, there are a few things you need to consider.
Infographics
How does a Limited company work?
Making the move to a limited company contractor can be quite daunting as some may find it difficult to understand how it works. Our infographic can help.
Umbrella VS Limited Company Infographic
Umbrella Company vs. Limited Company, what's the difference? Our infographic explains.
Umbrella
An umbrella company is the simplest way to get paid for most contractors. The umbrella company employs contractors carrying out short-term assignments and makes Pay As You Earn (PAYE) and National Insurance contributions - so no unexpected tax bills.
Articles
A quick Start-Up Guide from PayStream
So you’re thinking of becoming a contractor? Whatever your reasons for choosing this kind of work, starting out as a contractor means that you need reliable information. We have answered some of the most commonly asked questions for you.
Your guide to Supervision, Direction and Control
The Government has changed the Travel & Subsistence expense rules for agency and umbrella workers. Find out more here as to what these changes are and what they mean to you.
My Max FAQs
We are regularly asked a wide variety of questions, ranging from what the benefits are of using our services, to what are deemed to be 'allowable' expenses. We have therefore drawn up a 'Frequently Asked Questions' document to assist you.
Videos
How does My Max Umbrella company work
If you’re new to contracting, then working under an umbrella company is arguably the best way for you to work. But what exactly does this involve? This video outlines how an umbrella company can help you.
Join PayStream in less than 10 minutes
Joining PayStream comes with a raft of benefits, but joining up is simple and can take you under ten minutes to complete.
Travel and subsistence explained
On 6th April 2016 the Government introduced new legislation which imposed restrictions on an umbrella worker’s ability to get tax relief on their travel and subsistence costs. We explain in further detail what these changes are and how they affect contractors...
Infographics
How an Umbrella company works
Understanding how an Umbrella company works can be tricky so let our infographic help to explain.
Umbrella vs PAYE
It can be difficult to understand how an umbrella company differs from working through the agencies payroll, so let our infographic help to explain these differences.
Umbrella benefits
Our umbrella service, My Max, offers contractors that little bit extra. From employee rewards, to help and advice with big financial decisions, we like to think that My Max is well ahead of the pack in every respect.
Legislation
In our industry, a strong focus on compliance is essential, both for us and our contractors' peace of mind. That's why it's important that we keep our clients up to date on all the latest legislative changes.
Articles
IR35 and You: A PayStream Guide
IR35 looks at whether a contractor is working any differently from an employee of the client. There should be noticeable differences between how contractors and employees work, otherwise IR35 may apply to the contractor.
Videos
What does compliance mean to PayStream
Compliance to PayStream means operating in a compliant manner in line with the law, particularly employment and tax law.
What is IR35?
IR35 is a piece of legislation that applies to limited company contractors. We take a more in-depth look at what the IR35 legislation is and how it affects contractors.
Who does IR35 apply to?
Determining whether you fall inside IR35 or outside IR35 can be tricky. It looks at various factors, including whether you have the right to substitute, how much financial risk you take and who controls when, where and how the services are performed. We take a closer look at who IR35 applies to.
What helps and what hinders IR35?
Understanding whether or not you fall inside or outside IR35 can be tricky, even for the most diligent contractor! Our video outlines which factors help and hinder your IR35 status.
What do the public sector changes mean for contractors
IR35 within the public sector has been a hot topic over recent months. So let’s take a look at what IR35 is, what these public sector changes are and what they mean for contractors and their agencies.
What are the Agency Workers Regulations
This video sets out our understanding of AWR, and how we intend to work with you to ensure that you receive the best support and advice.
Infographics
What is Supervision, Direction or Control?
On the 6th April 2016 the Government changed the ruled regarding Travel & Subsistence expenses for agency and umbrella workers have changed. Our infographic helps to explain what these changes are and what they mean to you.
What helps and hinders IR35
IR35 asks whether the worker would have been an employee of the client if engaged directly. It looks at a number of factors to determine this some of which can be quite confusing so our infographic is here to help.