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Eamonn Holmes in HMRC IR35 dispute

 ITV’s This Morning presenter, Eamonn Holmes, is under the spotlight after HMRC brings his IR35 status into question.HM Revenue & Customs are taking a closer look at the earnings of Eamonn Holmes’ Limited Company, Red White and Green Ltd, from the past seven years.The television host is awaiting a decision which will r...

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Buy-to-Let - Personal or Ltd Company Ownership

As income tax relief on finance costs for buy-to-let properties is being restricted, the question which now arises is - Is it becoming more beneficial to purchase personally or through a Limited Company?From the 2020/21 tax year, if you own a buy-to-let property personally, you cannot deduct the finance costs from your...

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The Good, The Bad And The Ugly Of Late Tax Return Excuses

Filing tax returns will never be the most exhilarating part of owning a business, but that doesn't stop it from being an absolutely essential part of your annual accounts.In 2017 alone, HMRC received almost 11 million tax returns from UK businesses. The vast majority of these were delivered on point and on time, with m...

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Limited Company Guide to Expenses

Running your own limited company is full of challenges that you're unlikely to face in other areas of life, one of which is managing business expenses.Effectively managing these expenses can have significant tax benefits for your business, so it's well worth brushing up your knowledge on what they are, how they work an...

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Checklist to trading as a Limited Company

So you've got a great business idea that's going to propel your professional life into the stratosphere, but how do you go about actually getting a limited company up and running?In this blog, we'll take a look at the four key steps that you'll need to take in order to create your limited company, from initial incorpor...

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Dan & Ian – London Marathon 2019

Each year, the London Marathon raises millions of pounds for charities, projects and communities around the world. In fact, the 2017 marathon still holds the world record for the most money ever raised by a single day event with a whopping £61.5m donated to various causes.This time, Dan and Ian from Gorilla Accounting ...

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Craig & Adele – Project South Africa 2018

The Footprints Foundation is a UK based charity which was set up to help improve the lives of vulnerable people, young and old, around the world.In 2007, the charity launched Project South Africa, an annual volunteering programme which puts hands on the ground rather than solely providing financial support.This year, C...

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The 24 Month Rule

When it comes to managing your contractor finances, keeping on top of your expenses can help to significantly reduce costs whilst ensuring that not you, but your business, takes the hit on these outgoings.One of the most commonly claimed form of expenses is for business travel, but there's often a lot of confusion abou...

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Trivial Benefits Explained!

In April 2016, legislation was introduced to UK businesses in order to help simplify the way that smaller employee benefits are managed and administered.There are countless businesses that have never given a second thought to the tax implications of a staff night out, Christmas presents or even a congratulatory bunch o...

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