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Accountant launches online calculator for contractors
Posted Mar 3, 2010
A leading contractor accountancy firm has launched an online calculator to help contractors work out the income difference between working via a limited or umbrella company, and inside or outside of IR35.
Susie Lee-Kilgariff, from ClearSky Accounting, explained that they have experienced a 60% surge in visitor numbers since launching the online tool:
"It's really useful for contractors to have fairly accurate figures available while they weigh up the various options available to them. In particular, knowing how IR35 legislation affects earnings according to the contractor's chosen set-up is invaluable."
"We developed the product in response to some inaccurate calculator tools out there which unfortunately make inflated claims about potential rates of take-home pay. ClearSky is known for its no-nonsense ethos, and in line with this we wanted to offer a calculator where contractors can input sufficient variables to allow a true reflection of their earning power without it becoming a cumbersome and time-consuming tool."
You can access the calculator here.
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