How to Pay Less Taxes as a Contractor
Gorilla Accounting
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1y ago
Did you know that limited company owners can (legally) reduce the amount of tax they pay? At Gorilla Accounting, we’re all about helping you to maximise your profits, so we know everything there is to know about tax reliefs, allowances, and more. If you think you’re paying too much tax, take a look at the different ..read more
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Monthly Round Up: IR35 & Cyber Hacks
Gorilla Accounting
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1y ago
At Gorilla Accounting, we love to keep our clients up to date with the latest news from the accountancy world. It’s been a busy couple of months at Gorilla, what with a new year starting, tax return deadlines and many clients getting ready for the new tax year. Three huge stories from the world of accountancy ..read more
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Why You Can Trust Gorilla Accounting
Gorilla Accounting
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1y ago
Accounting firms deal with a high volume of financial and sensitive information every day. Vigilance is required to ensure that systems are updated, security policies are robust, and client information is handled with care. The nature of accounting makes both large and small firms a desirable target for cybercriminals, as hackers try to gain access to ..read more
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Cryptocurrency: Tax Implications You Should Be Aware Of
Gorilla Accounting
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1y ago
Cryptocurrency is a relatively new and fast-moving sector, which means that tax guidance regarding crypto keeps developing and information about it can quickly become dated. Case in point, HMRC will now have access to key information about people who use Coinbase, a cryptocurrency exchange platform, to deal in crypto assets. We suspect that other platforms will ..read more
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What Buy-to-Let Landlords Should Know in 2022 (and Beyond)
Gorilla Accounting
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1y ago
At Gorilla Accounting, we provide specialised advice for all our clients, no matter which sector they work in. To do this, we make sure we’re aware of all changes to UK employment and tax legislation, as well as the latest industry news, which includes the latest update to the property sector. So, as buy-to-let landlords, we ..read more
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Accounting Calendar for Contractors and Freelancers
Gorilla Accounting
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1y ago
There is so much to think about when running your own business, including important dates to keep track of – and there are a lot of them. When you’re a freelancer or a contractor, you need to be aware of these tax dates and deadlines, so that you don’t run into problems with HMRC, which can ..read more
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A Guide to Contract Renewals for the Self-Employed
Gorilla Accounting
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1y ago
If you’re a contractor or freelancer, you’ll already know that your client contracts have a fixed start and end date. If your fixed-term contract is coming to an end, there are a couple of things that can happen. First, if your client no longer requires your services, you’ll part ways when the contract ends, and it ..read more
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How to Pay Taxes as a Freelancer
Gorilla Accounting
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1y ago
If you’re fresh off full-time employment and want to become a freelancer, one of the things you may be unsure about is how to pay taxes – and which taxes you need to pay in the first place. So, in this article, we’ll go through your legal obligations, including income tax, National Insurance contributions and self-assessment ..read more
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Advantages and Disadvantages of Being a Small Business Owner
Gorilla Accounting
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1y ago
There are many pros and cons to being a small business owner, and we believe it’s important that you’re aware of them before taking the leap into self-employment. Becoming your own boss – making your own rules, having your own schedule, doing only the work you love – is an attractive possibility, and we understand that ..read more
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Starting Your Own Business vs. Employment
Gorilla Accounting
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1y ago
Should you leave full-time employment behind and start your own business? There are pros and cons to both options, and, in this article, we’re taking a look at what they are – and whether you’re ready to dive into self-employment. As contractor accountants, we can help you in your sole trader, locum or limited company journey ..read more
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