News Release

ACCSOFT EXTEND TIMESHEET PROCESSING TO UMBRELLA COMPANIES

SPA, the highly successful recruitment agency system from Accsoft, is available for personal demonstration.
 
The new version caters for the growing number of contractors who are using tax efficient Umbrella Companies particularly as composites are under threat.
 
Tim Blackler, managing director at Accsoft comments, “More and more contractors are joining umbrella companies as a tax effective alternative to traditional limited companies due to IR35. By becoming an employee of the umbrella company tax laws are complicated but the management process is simplified, with SPA. SPA Umbrella Timesheets reduces the hassle factor of running a business, allowing contractors to concentrate on their day to day work. ”
 
Astute accountants have realised that the cost benefit of using SPA greatly outweighs the labour cost associated with traditional methods of triple processing. Using dynamic data exchange Recruitment Agencies can isolate all PAYE within a separate SPA database with no extra work. This had contributed to the growth of Umbrella companies.