Simon Dolan launches new contractor accountancy firm
A luminary of the contracting industry is returning to the fold with the launch of his second eponymous contractor accounting firm.
Since the sale in 2014, Dolan has invested in start-ups, mentored entrepreneurs and set up his own airline. He also won France’s 24 hour Le Mans sports car race.
But throughout his time away, the ‘Twitter Dragon’ (so-called due to his £5m investment pot via the messaging platform), says he has been watching the contractor accounting market “very closely.”
He believes that as technology has improved, it primes him to “do things a little differently”, customer service has “slipped” and the reform of IR35 has changed the market completely.
“There was a time when a contractor made the decision to move to the world of contracting, opened a limited company and that was that,” Dolan said in a statement to ContractorUK.
So he thinks that offering a “seamless” transfer service between both PSC and umbrella usage, without an extra fee, is long overdue.
“[It’s designed] to suit the contractor’s circumstances,” Dolan said. “At some periods, they’re fine to work through their own ‘Ltd,’ however at other times they need to work via an umbrella company.
“[Yet] why should a contractor have the added hassle of searching for a new accountant when they need to change to an umbrella…? No paperwork…[and] no hassle [is what contractors want]”.
The accountant added that “unlimited” IR35 reviews would also come as standard for his clients, as will access to a banking interface and FreeAgent software, which will be used instead of spreadsheets.