Categorized | ir35 insurance, news

Contractor accountant answers your questions…

Contractor accountant answers your questions…

Carrington Accountancy have come up with a novel way to keep their contractors abreast with the latest changes in legislation and tax planning.

From the start of the new tax year, they will be publishing a “Question of the Month” and providing a detailed explanation on their blog. The question will be based on a subject that is relevant to the limited company contractor, as well as the most common queries that their accountants have received over the previous month.

Commenting on the new service, Operations Manager Mary McDonald said:

“We are always looking at proactive and innovative ways to help educate our clients and help them become more “tax savvy”. Our clients love the idea and look forward to a convenient, quick blog on a useful topic each month which they can retweet to interested colleagues and friends via our Twitter Page”

This is not the first time that online accountants have used the web to provide free advice in a questions and answers format. AccountingWeb have already implemented an online discussion group where readers can ask a tax or accounting related question under their ‘Any Answers’ category. According to the website, there are as many as 90,000 members willing to answer the daily feed of questions, and the addition of the Q&A service has been largely responsible for a surge of new visitors to their site.

Carrington’s first question of the month was about the use of limited company dividends and how these can be used as a tax efficient means of remuneration. Since the majority of their clients are working in the freelance marketplace, they anticipate that the subject IR35 will feature prominently over the coming months, particularly since the Tories announcement to review the legislation if they win the election.

Carrington’s next question of the month – “Why am I not paying any National Insurance in April? You must have made a mistake.” can be found on their blog.

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Image: question mark ? by Leo Reynolds

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