Gorilla Accounting
867 FOLLOWERS
Check out our blogs for all the relevant news and information about what is going on in the industry of contractors, freelancers, and small businesses.
Gorilla Accounting
4d ago
In the dynamic world of small businesses, managing finances is a crucial aspect that can make or break success, especially early on in your journey of self-employment. With a to-do list longer than your arm, finding the right accountant to partner with can significantly alleviate the financial burdens you face and pave the way for growth ..read more
Gorilla Accounting
2w ago
The concept of a personal allowance dates back to the early 20th century but was solidified by the Finance Acts of 1972 and 1973. There have been many changes and refinements to the personal allowance over subsequent years with the Government periodically making changes based on policy or to respond to prevalent economic conditions such as ..read more
Gorilla Accounting
2w ago
Value Added Tax (VAT) can be a confusing matter at the best of times for self-employed people, but understandably it can be something of an afterthought. When you first start out in self-employment your main focus will be on getting established and business growth and you will likely be under the £85,000 turnover threshold when VAT ..read more
Gorilla Accounting
2w ago
The world of social media and its many different strains and algorithms is enough to boggle even the most clued up of minds. What goes viral next can never be predicted, nor can you ever determine an influencer’s popularity until the views start rolling in. According to statistics, 57% of Gen-Z (those born between 1997 and ..read more
Gorilla Accounting
2w ago
Running a small business or working as a contractor carries a lot of responsibility. Not only are you working for yourself and having to find different projects to work on, but your finances are your own to control too. You must make strategic decisions about the direction of the business and the work you undertake whilst ..read more
Gorilla Accounting
2w ago
You may remember towards the end of last year, we wrote a blog post about Kaye Adams and her case against HMRC, which you can read here. Many of you will be aware of the case – it has been going on for the last 10 years after all. Kaye Adams, a regular anchor on ITV’s ..read more
Gorilla Accounting
2w ago
Many contractors, freelancers and self-employed people choose to operate through a limited company. There are a lot of benefits to this business structure and flexibility in terms of remuneration and the tax advantages are key amongst those. A tax-efficient remuneration strategy structures income in a way that minimises tax liability while remaining compliant and utilising dividends ..read more
Gorilla Accounting
2w ago
The UK tax landscape can be a daunting prospect for contractors and managing your tax affairs as well as running your own successful contracting business is no easy task. It’s widely known that contracting has become an ever more popular career path and it’s easy to understand why. As a contractor you will sell your skills ..read more
Gorilla Accounting
2w ago
Understanding IR35 legislation is a crucial aspect of operating as a successful contractor or freelancer in the UK. IR35 is, of course, nothing new! It became law almost a quarter of a century ago and there have been various revisions (and revoked revisions!) since then. Changes to the legislation make it harder for contractors and freelancers ..read more
Gorilla Accounting
2w ago
With what could be the final budget before the general election, Chancellor of the Exchequer Jeremy Hunt today delivered his Spring Budget to The House of Commons to announce the Government’s tax and spending plans. After lots of speculation over the last few days around tax cuts ahead of the forthcoming election, reports suggested that several ..read more