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Starling Bank integrated PayStream for business customers
PayStream is online accounting software that is designed with contractors in mind and is now integrated into the Starling business account.
The PayStream service is part of Starling Marketplace and among other features, it connects Starling’s business customers with experts on IR35, the tax legislation that helps determine if a limited company contractor is an independent business or if they’re essentially an employee working for a client without being on the payroll.
PayStream customers have three paid options to choose from, ranging from £95 + VAT to £250 + VAT, per month.
“PayStream has got a really good reputation specifically in the contracting business,” says contractor Edward Sims.
“I wanted something I knew was trustworthy. It’s my first foray into the world of self-employment, which feels just like the Starling advertisement with the woman starting a business in her shed, getting up and running and not knowing what will be in the future,” he added.
Every PayStream customer will have the option to work with a dedicated accounts team. This team provides a safe pair of hands to help with limited company admin and advice on pay and tax-related issues.
The customer will also have 24/7 access to an online portal, which now syncs to the Starling business account once a day, to save manual data entry, minimising the risk of human error.
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