myPSC Information

myPSC makes it simple for contractors to manage their own Personal Service Company (Ltd Co). myPSC provides a compliant and complete accounting software and administration system to contractors managing their own Personal Service Company (limited company). This is delivered via an internet based software system that ensures full compliance with all legislation including HMRC’s Real Time Information (RTI) requirements. We aim to save you Time and Money! WHAT MAKES myPSC UNIQUE TO YOU AS A CONTRACTOR? • myPSC provides all-inclusive accounting software and support; with no extra or hidden charges, removing the need to visit an accountant. • You only pay when you are working and no charges are incurred between contracts or whilst on leave. • Once preferences are set, payments are automatically made to your personal account, saving time and effort. • myPSC liaises directly with your agency at the start of each assignment to ensure contracts and payment terms are agreed. • Bespoke software allows you to tailor your salary and dividend payment preferences to your own personal circumstances. • Online management in real-time allows 24/7 access to your profile, payments and account transactions. • myPSC provides a dedicated support team by telephone, email or text message to address your needs swiftly and efficiently. HOW DOES IT WORK? 1. Dedicated staff will explain the benefits and register you with myPSC 2. Compliance and document requirements will be submitted to Companies House 3. You are appointed Director of your own limited company 4. We assist you to open a bank account with an established and trusted UK bank 5. myPSC will invoice your agency/end client on your behalf 6. Your agency/end client makes payment to your company bank account 7. myPSC provides accountancy software and helps you maximise your income