Gorilla Accounting
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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
5d ago
When you operate as a sole trader you have to wear many hats. Amongst your key objectives are, of course, doing your day to day work and growing your business. Without that there is no business! And while self-employment has many well-known benefits, for every up there’s a down and being self-employed means you also have ..read more
Gorilla Accounting
5d ago
HM Revenue & Customs (HMRC) has the onerous responsibility of running the UK’s tax system. Their key objectives are to collect the right amount of tax and to make it easy for taxpayers to pay what they owe. The ongoing digitisation of the UK tax system presents a big opportunity for HMRC in terms of improving ..read more
Gorilla Accounting
5d ago
As we’re now in the 2024/25 tax year, let’s start by saying – contracting and freelancing can be tough. Last year was a tough climate for contractors across many sectors, with hiring being low, the economy proving difficult for big projects and for some industries including tech, layoffs in huge companies such as Meta and Google ..read more
Gorilla Accounting
5d ago
The oil and gas industry is a dynamic, challenging and lucrative sector to work in. Oil prices are high which puts the industry on a strong financial footing and with many large multinational corporations in the sector, there’s a wide variety of roles, projects and a wealth of opportunity for oil & gas contractors. As the ..read more
Gorilla Accounting
2w ago
Companies House has announced that it will be increasing various filing fees effective from 1st May 2024. The increases are a result of the Economic Crime and Corporate Transparency Act as Companies House aims to improve the accuracy of the information on their register, expand and improve their digital service offering and protect against economic crime ..read more
Gorilla Accounting
2w ago
There were plenty of positives announced by Chancellor of the Exchequer Jeremy Hunt in the March 2024 Spring Budget with a heavy focus on reducing taxes, including cuts to National Insurance rates. This was of course no surprise bearing in mind that a General Election is edging ever closer and the cost of living crisis continues ..read more
Gorilla Accounting
2w ago
Choosing to become self-employed, where individuals are their own bosses and entrepreneurs of their own ventures, comes with so many perks. Not only can you focus on doing something you’re incredibly passionate about, but your work/life balance is dictated by your own schedule, giving you the freedom to work as much or as little as you’d ..read more
Gorilla Accounting
3w ago
The choice of which business structure is right for you and your company is one that all self-employed people face. The business structure you choose impacts the amount of tax you’ll pay and therefore how much you’ll earn, the level of financial exposure you face and how much time you’ll need to spend on admin, reporting ..read more
Gorilla Accounting
3w ago
As we enter April, the start of the new tax year brings taxation into sharp focus for millions of self-employed people across the UK. This is especially the case for those that operate through their own private limited company where the opportunity of maximising tax-efficiency can increase net income, but the pressure to meet your tax ..read more
Gorilla Accounting
1M ago
Limited company is a popular business structure and with good reason as it presents many benefits for self-employed people, so the question of how to create a limited company is one that many entrepreneurs have asked. The process to create a limited company is more complex than if you were to set up as a sole ..read more