What is an Umbrella Company?
Gorilla Accounting
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2w ago
As a contractor you have the choice to work for an umbrella company or to work for yourself, whether that’s as a limited company or personal ownership as a sole trader. Working for an umbrella company offers a degree of convenience and simplicity, in no small part due to a reduced administrative burden, but umbrella companies ..read more
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How Much Tax Will I Pay When I’m Self-Employed?
Gorilla Accounting
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2w ago
Your tax obligations are relatively simple when you’re in conventional employment. You need to turn up for work, do your job and get paid and your taxes are deducted at source through Pay As You Earn (PAYE). But the picture is different for the self-employed. When you’re self-employed you have the responsibility of running your business ..read more
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Cloud-Based Software & Using Online Accountants
Gorilla Accounting
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2w ago
Running your own business is fast-paced, complex and often stressful when you’re spinning so many plates at once. Staying on top of your finances is more crucial than ever, particularly as your business grows. Traditional accounting methods, with their piles of paperwork and dated processes, can no longer keep up with the demands of modern businesses ..read more
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Contractors Insurance: Why You Should Protect Yourself
Gorilla Accounting
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2w ago
When you’re self-employed you face various challenges, risks and scrutiny that those in conventional employment don’t have to contend with. In addition to running your business and doing the work that you get paid for, you have the responsibility of meeting your tax obligations. To that end, working with an accountant is of great benefit to ..read more
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The Early Bird Advantage: Self-Employed Tax Returns and FreeAgent Accountants
Gorilla Accounting
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2w ago
When the new tax year started last month, there were many self-employed individuals who were already breathing a sigh of relief. Why? Because 300,000 submitted their 2023/24 tax returns in the very first week. These customers filed their tax return almost 10 months ahead of the deadline, HMRC has revealed. Customers can file their Self-Assessment returns ..read more
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Buy-To-Let Property Accountants, Inflation Rates & Your Next Investment
Gorilla Accounting
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3w ago
If you’re a landlord with a full portfolio of buy-to-let properties, you more than likely keep up with the latest industry news and changes that will affect you. It may come as a surprise that the most recent negative attack on landlords has come from Legal & General Investment Management – the country’s biggest investment company ..read more
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The Importance of IR35 Assessments
Gorilla Accounting
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1M ago
At the time of writing IR35 has been law for almost a quarter of a century. Seasoned contractors will already be familiar with the nuances and frustrations of this piece of legislation, but it can be something of a minefield for those new to contracting. Over the years there have been numerous revisions and reforms to ..read more
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A Guide to Landlord Self-Assessment
Gorilla Accounting
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1M ago
It’s not hyperbole to say that the landlord sector can be turbulent. Legislative changes continue to cause concern for landlords with the Renters Reform Bill working its way through Parliament with Royal Assent expected towards the end of 2024. The Renters Reform Bill will, to an extent, shift the balance of power towards tenants and will ..read more
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Navigating Ltd Company Setup
Gorilla Accounting
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1M ago
On May 1st 2024 Companies House introduced a raft of fee increases which included the Company Incorporation fee. If you plan on forming a limited company, you’ll now have to pay a £50 incorporation fee to Companies House rather than the previous fee of £12. Should you require a same day turnaround on your ltd company ..read more
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Small Business Accountants & Growth in 2024
Gorilla Accounting
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1M ago
As a small business, you know the challenges you face on a daily basis. You have to find your own opportunities to help your business grow. However, it has this week been announced that the UK has officially exited the recession with fastest growth in two years, which is fantastic for small business owners up and ..read more
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