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
3h 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
3h 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
3h 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
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