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Sole Trader Tax Advice and Tips

If you’re a sole trader, being aware of your tax obligations is important, but so is knowing how to best maximise your tax-efficiency. As sole trader accountants and contractor accountants, we help self-employed individuals to make the most of their business accounts – and ensure that they submit all returns correctly ...

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How to Determine IR35 Status

 IR35 is still on everyone’s minds and for good reason. The changes to the legislation, which came into effect on 6th April 2021, were previously postponed due to the pandemic and now impact medium to large companies in the private sector.Determining your IR35 status is no longer just your responsibility. In fact, the ...

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VAT MOSS: Selling Digital Services to the EU

With Brexit, selling products and services has become more difficult, including online. There are more admin tasks involved and paying taxes has become a more complex affair because of this as well.As your contractor accountants, we like to stay on top of the latest news, and Brexit (and the changes it brought) still r...

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Pensions: A Company Director’s Best Friend

 When you’re running your own company, you quickly learn how to get the most from your budget.Eeking out a higher margin. Maximising your advertising spend. Tweaking dividends vs. salary. Each small decision has big consequences for your bottom line.You do everything you can to maximise your company’s return. The quest...

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Top Money-Saving Tips to Help Contractors Save for Retirement

 As a contractor, saving money is a priority. Finding ways to cut costs and to keep expenses down is a must for limited company owners, no matter whether you’ve just set up a company or you’ve been trading for many years.Staying on top of your cash flow, figuring out ways to optimise it and still having to run your day...

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How to Become a Self-Employed Social Media Entrepreneur

 Becoming self-employed is a massive step but comes with a lot of advantages. As contractor accountants, we've previously looked into how people could become self-employed engineers, locum vets, IT contractors, and more, so we know a thing or two about how to take the leap.If becoming a sole trader or contractor is the...

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What's Changing in the New Tax Year

The new tax year will start on 6 April 2021 and, with it, will come a few changes. Contractors and freelancers should stay on top of the latest industry news, so Gorilla Accounting are taking a look at what the new tax year brings and what it means for the self-employed. You can also find key dates you should be aware ...

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Our Best Tips on How to Reduce the Amount of Tax You Pay

Being self-employed comes with many perks, one of which being the ability to pay less tax. However, it can be difficult to know exactly how this can be achieved, which is where we come in. As contractor accountants, we’ve helped countless freelancers and contractors to reduce the amount of tax they pay, so speak to us ...

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