News Article - 24 May 2012
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Parasol is continuing its business goals in the new year by announcing that it has acquired specialist accountancy practice Quay Accounting.

Quay Accounting is a nationwide business which provides accounting services to freelancers and Parasol claims that the buy-out is the first of several planned strategic acquisitions.

The group claims that it hopes to become a "one-stop shop" for the needs of contractors in Europe.

Parasol managing director Rob Crossland said: "Adding strategic complementary services, with the aim of building a portfolio of companies, will enable us to look after every aspect of a contractor's career, from start to finish."

He added that the firm's strategy also included capturing the migration of contractors from umbrella company status, to limited company status.

Meanwhile, HM Revenue and Customs has revealed that online self-assessment tax returns have surged this year.

Accountancy Age reports that the department is well on its way to reaching its target of 58 per cent of taxpayers filing online.

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