On average, contractors, consultants and other independent professionals spend over 110 hours per year on their accounts. That’s a lot of time to spend on fiddly administration when you could be working on contracts, finding new clients or simply enjoying the time instead. Thankfully, with the right tools at your disposal, managing your accounts has never been simpler.
A growing proportion of us – contractors and freelancers are contracting as part of grand plan. So the big question today is what’s your grand plan? As contractors and freelancers, we’re an innovative bunch – always looking to find new contracts and emerging niches within our specialisms to move into.
We’re absolutely thrilled to receive the award for 2017 Practice Excellence Pioneers at the AccountingWEB Practice Excellence Awards. The awards are the most prestigious in the accounting industry calendar and we’ve been recognised for our unique approach to combining customer service and online innovation, to help change the future direction of the accountancy industry.
We’re excited to announce that today sees the launch of our in-app receipt capture. With this new feature, you’ll be able to store and capture electronic copies of your receipts within the inniAccounts software.
Over the last few weeks we’ve examined April’s IR35 application changes (off-payroll working rules), the reaction from the public sector, agencies and the contracting community as a whole as well as the potential impact for limited companies, independent professionals and their contracts. To round off our ‘Getting on with IR35’ series, we take a look at how we at inniAccounts can help contractors going forwards.
Over the last few weeks, we’ve analysed the impacts of the IR35 application changes on both the public sector and the contracting market. As we approach the end of our IR35 series, we take a look at the likelihood of the public sector application changes being rolled out to the private sector and how this might impact independent professionals and their future contracts.
According to IPSE’s latest Freelancer Confidence Index, 59% of contractors are wary of the economic conditions ahead – including significant concerns over application changes to IR35 in the public (off-payroll working rules) and, at a later date potentially, private sector. But this needn’t be the case. With a firm understanding of IR35, you can hold open conversations and negotiate your contracts to ensure you’re getting what’s best for you.
The IR35 application changes have provoked debate aplenty over the future of contractors in the public sector. Many prestigious parties have suggested these reforms would provoke a ‘mass exodus’ from the field. Six months on from April’s implementation, we take a look at the current impacts and future outlook for independent professionals.
Many recruitment agencies and public sector parties appear to be applying pressure for contractors to jump ship from their limited company into the conglomerate of an umbrella. But are these requests in the best interests of independent professionals? Or the result of knee-jerk, risk averse reactions? We take a look at the reasons why your limited company remains the best option for you.
IR35 is easily one of the most hated pieces of legislation introduced for independent professionals. It’s long been considered a thorn in the side of contractors and consultants. With recent changes to IR35 in the public sector, many consider it a direct attack on their ability to retain profits and grow a business. But is it all doom and gloom for contractors and consultants here on out? We certainly don’t think so.