Tuesday, April 17, 2012

Online Accountants for IT Contractors

A friend of mine has just told me about inniAccounts - an accountancy service for UK-based IT Contractors, so I've decided to quickly check it out.

If you're currently contracting you know it can be a nightmare to keep on top of your business admin, especially if you're using a limited company. InniAccounts bill themselves as a 'groundbreaking contractor accountant' and they've got a pretty neat online software package to boot. You can login and manage your timesheets, track expenses and mileage, raise invoices and record payment.

Once you're ready to pay yourself inniAcccounts' online accounting service includes both payroll features and - importantly - tax efficient dividends. You can create payslips and pay yourself a dividend quickly an easily. You can even pay your wife and bring your tax bill down further.
The gem of inniAccounts however is its awesome 'live cash' feature. inniAccounts will calculate your taxes in real-time - every time you create an invoice or pay yourself your tax bill is updated instantly. This is so unbelievably handy for IT contractors - something most contractor accountants simply cannot provide.
There's my whirlwind review - head over to inniAccounts today and see for yourself.

5 comments:

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