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Anyone used Paystream?

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    #31
    There'll be a few more using Paystream whether they like it or not, now. Just learned that they've bought Outsauce and Simplyco in the last 6 months. May be gearing up for a round of acquisition similar to the JSA Group.

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      #32
      Originally posted by Alan @ BroomeAffinity View Post
      There'll be a few more using Paystream whether they like it or not, now. Just learned that they've bought Outsauce and Simplyco in the last 6 months. May be gearing up for a round of acquisition similar to the JSA Group .
      Wasn't PC with them?
      'CUK forum personality of 2011 - Winner - Yes really!!!!

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        #33
        Do not use paystream

        I have just quit Paystream. They are comlete cowboys. They have been invoicing on my behalf and I have found numerous discrepencies. How can an accountatnt get invoicing wrong? For the amount they charge also...I have never had sound accounting advise off them either. Has taught me a few lessons...one of them is to never use them again!

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          #34
          Originally posted by domthepom View Post
          I have just quit Paystream. They are comlete cowboys. They have been invoicing on my behalf and I have found numerous discrepencies. How can an accountatnt get invoicing wrong? For the amount they charge also...I have never had sound accounting adviCe off them either. Has taught me a few lessons...one of them is to never use them again!
          FTFY

          Your accountant is doing your invoicing?
          'CUK forum personality of 2011 - Winner - Yes really!!!!

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            #35
            Originally posted by northernladuk View Post
            FTFY

            Your accountant is doing your invoicing?
            not any more

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              #36
              Originally posted by pr1 View Post
              not any more
              Oops Lol.. Good point well made.
              'CUK forum personality of 2011 - Winner - Yes really!!!!

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                #37
                Originally posted by kristen330 View Post
                No unfortunately they don't have any fancy cloud website. :/. They seem like a small business specialist.

                North London Accountants | Finance | Free Consultation | Call Us Today

                Would any of those cloud services websites be better than this company? I don't plan to have many expenses - just a bus pass a month, and maybe the odd coffee perhaps. I was told I would be able to send a .csv download to the accountant to do the bookkeeping by e-mail.
                Wow they have computerised payroll....definitely go for them ;-)

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                  #38
                  Originally posted by kristen330 View Post
                  Would it be safe to assume that all accountants would know how to run a limited company in the most tax efficient way and put through their fees as an expense to reduce corporation tax, and the same with other expenses etc?

                  I honestly don't plan on having complex company accounts. Money in, monthly bus pass, nothing else. Paystream advised me I won't be able to put my lunch groceries through the company either, as Buying bread and hummus and things to make a sandwich don't constitute an expense whilst at work! So as a result of this I'll have pretty much just one expense!
                  Have you thought about things such as use of Home as Office, mobile phone expenses - Freeagent won’t give you this advice or any add value re company structure / tax planning which is really what distinguishes the accountants that staff up with school leavers who press a button to file the accounts and tax and have no idea what they are looking at, and those that save tax and make sure your records are correct and take great care before signing their name to anything - it’s their professional duty and livelihood at risk if they get it wrong.

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                    #39
                    Originally posted by Fred Bloggs View Post
                    I disagree. I did a 39 day contract through a limited company and it was extremely efficient. It depends on circumstances, you can't make a statement that applies 100% like that.
                    Agreed if LTD co earnings at a high level and perhaps higher rate tax level of earnings expected for the 18/19 tax year regardless of trading vehicle (assuming this particular Ltd income is outside of IR35).

                    Circumstances will of course dictate decision made.

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