We have listed few important tips to create a successful PSL.
Financial stability of the providers
Check bank statements, last filed accounts, tax payments made to HMRC, any penalties incurred, etc.
Presence in the UK and additional services
Reputation, experience, qualified, registered and located in UK– not overseas, bank account is held in UK, their partners for additional services like insurances, IR35 reviews, pensions etc.
Robust Compliance Processes
Evidence of knowledge on legislations, strong internal control processes, GDPR compliant, provide auto-enrolment, all contracts available for inspection, policies for umbrella employees and MSC compliant for PSC’s.
Established in 2003, we are part of an award-winning accounting group with in-depth knowledge of the contracting industry, keeping you and your contractor’s safe.
At Spry Pay, we take compliance seriously and have robust processes in place to ensure we are fully compliant.