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Mental Wellbeing When You Work Alone

Physical health is crucial, so it’s natural for individuals to take it seriously; however, many people tend to brush off mental health, when this is just as important. Mental Health Awareness Week 2020, which runs from 18-24 May, is all about raising awareness and inspiring action that promotes good mental health for e...

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Self-Employment and COVID-19: How the Government is Helping

Many self-employed individuals, whether contractors or freelancers, may not be aware of the help they can get during these trying times. However, we provide accounting for contractors, so we’re always on top of the latest government news and can offer specialist advice.The UK government is launching schemes and providi...

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What Can You Do if You’re Working Within IR35?

If you're caught within IR35, HMRC considers you an employee when it comes to taxation, so you’ll have to pay income tax and National Insurance contributions like an employee. However, as long as IR35 exists, it will remain an important topic of discussion – and dissension.For this reason, we’re focusing on this legisl...

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How Can You Reduce Your Corporation Tax?

Most business owners want to pay the right amount of tax; however, the UK tax system is complex, and most contractors don’t want to pay more than they should. In this article, we’re taking a look at legal ways for individuals to cut down their corporation tax, which helps them to save hundreds, if not thousands, on the...

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House of Lords Calling for an IR35 Overhaul

Here at Gorilla accounting, we’re always up to date with the latest financial news and legislation, including the infamous IR35, which is now under fire by the House of Lords.The House of Lords have been very critical of the IR35 reform that was, initially, to be implemented this year and which was delayed until 2021.T...

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Why You Should Switch Accountants Today

Many self-employed individuals choose to switch accountants in April, as the tax year ends and a new one begins. There are several benefits to doing this but, while contractors and freelancers make difficult business decisions every day with ease, some tend to hesitate when it comes to switching to another accountant.O...

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How to Manage Your Budget When You’re Self-Employed

When you’re self-employed, you’re responsible for managing your finances and ensuring that your cash flow is positive. It can be challenging to even know where to start and many contractors and freelancers may also doubt themselves – and wonder whether the self-employed path is for them.Being your own boss is great, bu...

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What Does the New IR35 Delay Mean?

The most recent IR35 reform has been postponed for 12 months due to the COVID-19 pandemic. While this is good news for contractors, it simply delays the issue, which means that IR35 continues to be a hot topic of conversation and many are now using this time to find a way to get the reform scrapped altogether.As contra...

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Job Retention Scheme

The Job Retention Scheme has been designed for employers that cannot maintain their current workforce because operations have been severely affected by the coronavirus pandemic.It allows those employers to retain employees and help protect the UK economy. The employer can furlough employees and apply for a grant to cov...

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