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Hotline claims to slash the cost oftax advice

IFAs can get tax advice for themselves and their clients on a new phone hotline ata third of the cost of visitingan accountant.

Telephone tax specialist Experts Unlimited is offering advice on all areas of tax for £1.50 a minute or £90 an hour. The company says IFAs can save up to £50 an hour against the cost of visiting an accountant by using the service.

Accountants typically charge £150 an hour and have a minimum fee for any conversation. Experts Unlimited says the fact the service charges by the minute allows the user to control the cost of each call.

The company says itssix phoneline operators can answer queries on a wide range of issues from pensions to CGT liabilities to tax on investments.

The operators, who have had 18 hours training, will have access to continually updated online libraries.

The company says the service, which launched last week, has no hidden costs or subscription fees.

It will soon be launching into other fields, including law and health.

Experts Unlimited chief executive Noel Hodson says: “Many IFAs will have questions about a client&#39s taxliability but are put off usingor recommending an acc-ountant because of the charges involved.

“By using this service, IFAs can save their clientsand themselves huge amounts of time, money and inconvenience.”

Hodson was an account-ant for 20 years.

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