Upgrade to ChromeUpgrade to FirefoxUpgrade to Internet ExplorerUpgrade to Safari

5th October 2015

The Recruitment and Employment Confederation (REC) and the Freelancer and Contractor Services Association (FCSA) announce a new working relationship.

All umbrella companies holding REC business partner status must have FCSA membership. The professional body for the recruitment industry is advising its members to use only FCSA compliant contractor accountancy service companies.

The FCSA sets and maintains standards for umbrella companies. Its compliance code and rigorous assessment of its members’ business operations by regulated accountants and lawyers. The outcome of this third-party audit is shared with HMRC.

REC chief executive Kevin Green said:

“We are happy to recommend to all REC members who use or are looking to use a third-party supplier of contractor accountancy or umbrella services to use FCSA compliant members to minimise their risk. 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.”

FCSA chief executive Julia Kermode said:

“We are delighted to continue working alongside the REC, a highly respected organisation and the largest trade body in the UK recruitment market.   Recruiters concerned about their liabilities should choose to work with FCSA compliant companies to be assured of best practices legally and ethically. FCSA members are easy to find as they are listed on our website, and only they are entitled to use the orange FCSA logo.”

At MyAccountant, we are extremely pleased that REC and the FCSA have formed this business partnership. As members of the FCSA ourselves, we fully understand the hard work the FCSA have committed themselves to and the vigorous assessments each member has to undertake.

We have full confidence that REC members will truly see the benefits of the FCSA, and we look forward to assisting where we can.

Sources: FCSA, REC

Latest Posts

Self-employment Essentials Have you been sitting on an idea for a while and decided to go for it this time?…

Read Full Article

Customer Testimonials

“Both during the companies’ initial set up and since that time, MyAccountant have shown first class care and diligence in looking after my personal and my business accounts. As a result, I have been ...

View full testimonial

Jack

“I have been with MyAccountant for many years and they have supported me through a range of different business needs.  From my being a marketing consultant to my running a small publishing company, and ...

View full testimonial

Tina

“I set up my consulting company after completing my work for London2012 and chose MyAccountant. They effectively supported me during the company set up and answered initial queries in an informative and prompt manner. ...

View full testimonial

Derek

“I have been using MyAccountant for seven years now and can highly recommend their services.  I use them for both my company accounts and personal finances and find their knowledge, professionalism and attention to ...

View full testimonial

Stephen

Speak to our team on
0800 917 9100

Or click here to contact us

Join My Accountant Today

Fill out our registration form