In an industry first, BoostPay have partnered with leading business credit card providers. With our exclusive agreements, clients can now pay for their payroll using an credit card, benefitting from up to 54 days to pay and earning loyalty points to spend tax free.
BoostPay is able to accept card payments on our portfolio of products including Umbrella PAYE, Bureau and CIS. As an added benefit, on certain cards, you collect points on your business transactions, and use them for either business-use, removing overhead costs or personal-use without any personal tax liability.
The credit card payment solution is totally flexible with clients using this as a one-off or on an ongoing weekly / monthly basis. Best of all there's no need to change accountant or payroll provider to benefit from the service. It truly is totally flexible.
The solution works for companies in any sector and for all not-vatable costs including employee payroll, contractors payments, temps payments or a mix of all three.
The charges are low, often at least 50% less than other high-street funding. And for higher rate tax payers, the tax-free personal reward points the BoostPay fees and offset almost entirely by the tax saving on the reward points. This means companies can effectively get 54 day payment terms on their largest costs at zero cost.
BoostPay Managing Director Eileen Breeze says,
“This partnership represents real innovation in the payroll sector and offers a major benefit to our trade contractor and end-hirer clients. At a time when many businesses are feeling squeezed, our partnerships offers a flexible, easily accessible route for clients to significantly improve their cashflow and free up funds for investment elsewhere in their business.”
For example, the loyalty points you earn could be used in your business to upgrade your technology with Curry’s or reward your team with Fortnum & Mason hampers. If you’d prefer to use the points for personal items, you could use your points and treat yourself to a shop at Harrods, tax-free or on your day-to-day groceries at Tesco.
Andy Sutton, Sales Director adds,
“We had significant uptake on our American Express partnership from clients across a range of requirements. We’ve seen small trade contractors use their Amex card payments to improve cashflow, allowing them to bring forward other investments in plant and hiring sales staff. At the other end of the spectrum, we have a large accountancy practice who have outsourced their staff payroll to us, choosing to pay via American Express which has allowed them to expand into new office space without needing to take on a loan.”
It’s been many months in the making and a proud moment for us to innovate and partner with American Express. Not only are American Express a global super brand, they’re also Brighton’s biggest private employer cementing our links with our local community. Email shoregroup@aexp.com or info@boostpay.co.uk for further details and full terms.
