Cloud Accounting 4 Contractors

Irish Accountants Noone Casey Launch Cloud Accounting Service as Revenue Plans Crackdown on Composite Companies

Irish accountancy firm Noone Casey has launched a web-based accounting platform called  i-Finance, aimed at  independent contractors based in Ireland after the Revenue Commissioners revealed plans to crack down on composite companies.

The new i-Finance service aims to helps contractors reduce their administrative workload, increase the accuracy of their financial  reporting and minimise the overall burden of tax compliance. 

Noone Casey says the new online accounting service aimed at contractors is particularly relevant as the Revenue Commissioners  have plans to  target 'composite companies' for incorrect application of taxes and levies. Composite companies employ up to six contractors in each company and invoice on their behalf. There have been many questions as to the taxation appropriateness of this type of structure.

The I-Finance platform offers the benefits of a 'composite company' structure, without the taxation risks of such a model. Contractors in the IT and pharmaceutical industries or professionals such as doctors and pharmacists who would like advice on how the new  stance by  the Revenue could affect their future tax arrangements are encouraged to contact Noone Casey for a consultation.

The i-Finance service  is powered by accountsIQ, an Irish software company that specialises in online accounting applications. The  accounting solution offers contractors an intelligent financial solution backed by ongoing advice and support from theNoone Casey's tax and financial experts.

Commenting at the launch of i-Finance, Anthony Casey, Managing Partner at Noone Casey (Pictured) said: "We are excited about helping contractors to grow their businesses and manage their taxation requirements with i-Finance. In addition to fulfilling all their tax requirements, our clients also benefit by having 24x7 on-demand access to their critical financial information."

At the core of i-Finance is the accountsIQ financial management and accounting system,a highly functional internet based business and accounting solution developed in Ireland, which allows full anytime-anywhere collaboration across multiple businesses via a central online accounting platform. It is suitable for accountants and their clients, franchisors and their franchisees or groups and their subsidiaries or branches allowing them to significantly reduce costs and greatly improve the quality of service delivery.

AccountsIQ CEOTony Connolly said: "i-Finance brings the benefits of cloud computing to independent contractors - helping them to comply with their tax obligations and control their finances at the click of their mouse, ultimately, allowing contractors to concentrate on delivering services to their customers."

Why should contractors choose i-Finance?

•  Helps them to set up the company by registering it with Revenue, opening bank accounts and establishing payroll
•  Cost-efficient system of financial management - from invoices and salaries to tax returns and annual financial statements.
•  Financial data is always available through a fully secure web-based interface.
•  Planned tax efficiencies - no surprises with tax liabilities.
• Clients benefits: Special discounted rates for a number of third-party services, such as health insurance etc

Noone Casey has been providing commercial, financial and taxation advice to some of Ireland's fastest growing companies since 1992. The company was set up by Andrew Noone and Anthony Casey to fill a gap in the market place as a client focused professional practice committed to improving client profitability.

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