Gorilla Accounting Blog
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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 Blog
1w ago
As we rapidly progress into the era of artificial intelligence and quantum computing, it’s easy to forget just how much digitisation has pervaded all aspects of our lives. Those of a certain age will of course remember the pre-digital era. Baby boomers, generation X and millennials have experienced both sides of the coin but for the ..read more
Gorilla Accounting Blog
1w ago
The vast majority of self-employed people operate through one of two business structures: as a sole trader or through their own limited company. Each business structure has its own nuances and advantages and disadvantages. The suitability of them is very much subjective depending on your unique circumstances and business goals. Various factors such as the importance ..read more
Gorilla Accounting Blog
1w ago
When the Labour government came into power, change was always going to be made. As we approach the new financial year and look ahead to the Spring Budget on 26th March, there are legal changes that will impact small businesses this year. Running a small business in the UK, whether you’re a self-employed professional, contractor, or ..read more
Gorilla Accounting Blog
1w ago
Energy Secretary Ed Miliband has recently announced a significant policy shift for UK landlords which many property owners will need to adhere to. By 2030, all privately rented properties must have an Energy Performance Certificate (EPC) rating of at least C. Currently, the minimum EPC for private rentals is a rating E. Although this means landlords ..read more
Gorilla Accounting Blog
1w ago
There are some significant benefits of trading through your own limited company and at the forefront is the flexibility and control in terms of how and when you pay yourself and the potential for tax-optimisation. These two factors are intrinsically linked because potentially significant tax savings can be made by utilising dividends as part of your ..read more
Gorilla Accounting Blog
1M ago
Former England footballer Bryan Robson is the latest high-profile celebrity to have won his IR35 tax case against HMRC. Bryan Robson, a former professional football player who played for Manchester United and England in the 1980s and into the 90s, as well as various other clubs in the 90s, before becoming assistant manager of England. During ..read more
Gorilla Accounting Blog
1M ago
For self-employed people, an accountant is so much more than someone that just helps with your tax returns. Accountants are strategic business partners that can provide assistance and guidance across a wide range of challenges related to your business finances and tax obligations. Appointing an accountant can be transformational for small business owners but finding the ..read more
Gorilla Accounting Blog
1M ago
Over 12 million taxpayers had to file a self-assessment in the 2023/24 tax year and it’s estimated that around 1.1 million of them missed the January 31st online filing deadline. That’s a significant number, over 9%, that will incur penalties and fines from HMRC. Missing the filing deadline usually results in an automatic £100 fine even ..read more
Gorilla Accounting Blog
1M ago
We all have dreams that we’d love to follow, but usually it’s just “not the right time”. Whether you’re dreaming of launching a side hustle or you’re planning on going full-time with your passion project, there’s no better time to take the plunge. With a shift in consumer behaviour, advancements in technology, financing options and accountancy ..read more
Gorilla Accounting Blog
1M ago
As the new year begins, many individuals and businesses turn their attention to one of the most critical financial tasks of the year – filing your tax return. For many, the process can be daunting, time-consuming, and filled with potential pitfalls. That’s where tax return accountants come in, offering expertise and guidance to make the entire ..read more