Key tax dates and deadlines for 2018/19
It is an inevitable reality that, for anyone earning a livin...
By Jonathan London on 7th September 2015
The Recruitment and Employment Confederation (REC) has reminded contractors and recruiters of the importance of working with Freelancer and Contractor Services Association (FCSA)-compliant partners.
A new working relationship has been established between the two organisations, leading the professional body for the recruitment industry to issue new advice calling for all umbrella companies holding REC business partner status to have FCSA membership.
Moreover, the REC is also advising its members to use only FCSA-compliant contractor accountancy service companies. Currently, the FCSA currently has 14 compliant members, of which Boox is one.
The FCSA sets and maintains standards for umbrella companies via a compliance code, as well as through rigorous assessments of its members’ business operations by regulated accountants and lawyers. The outcome of these third-party audits is then shared with HMRC.
As such, FCSA compliance is designed to be a guarantee of best practice in legal and ethical terms.
REC chief executive Kevin Green said: “FCSA membership is difficult to achieve, putting organisations through a robust assessment to check compliance with their strict code of conduct. We are pleased to see that since 2008, the FCSA has become a significant player in setting standards and operating as an effective trade association in part of the market that has caused real concern for the REC and our members.”
Boox became a member in June 2015, after an audit proved it to be financially stable and that it provides high-quality professional services and operates with good levels of transparency and accountability.
FCSA chief executive Julia Kermode described the firm as “a first-class company with the highest standards”.
Nicola Anderson, Chief Operating Officer at Boox today added: “We’re delighted to be accepted into the FCSA following the rigorous audit of our internal procedures and processes, justifying the investment we’ve made to insure our clients are fully aware of their duties and obligations. This partnership between two of the recruitment industries biggest champions of compliance and accountability can only mean good things for those looking to join the ever growing UK’s contractor workforce. We urge anyone looking to make the move into self-employment to look for suppliers with their best interests at heart and we look forward to working with both organisations in the months and years ahead.”
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