Web-based accountancy business AscotDrummond.com and CoconutStreet.com, an on-line IT recruitment and administration site, have joined forces to provide contractors with integrated access to each other's services.
The companies believe the deal - which is effective from this month - will allow contractors to benefit from their "combined IR35 expertise", and will create a "complete solution" for contractors' recruitment, office and accountancy needs.
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Ascot Drummond provides a range of 'paperless' accountancy services for small and medium sized businesses in the IT sector, including company formation, accounts, bookkeeping, taxation services, and IR35 advice and assistance.
Coconut Street, on the other hand, markets itself as an "on-line IT people exchange" and offers a direct recruitment service to clients and contractors, total back office support, and market news and information. The site, which was launched last year, claims to be able to eliminate "expensive and time-consuming inefficiencies" by facilitating on-line all candidate-vacancy matching, fee negotiations, contract signing, and timesheet and expense claim submissions.
According to Ascot Drummond, customers who use the new link will experience "seamless integration" of invoices, payments and expense information processed by Coconut Street, into contractors' accounts with the accountancy firm.
"We both offer services to support the independent IT contractor," comments Ascot Drummond chief executive, Humphrey Drummond. "Together we can become a complete solution for all their recruitment and accountancy needs."