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
1w 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
1w 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
3w 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
Gorilla Accounting
1M 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
1M 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
1M 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
1M 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
1M 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
1M 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
1M 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