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Why We Use FreeAgent as Your Bookkeeping Software

Long gone are the days where business accounting was done by hand or on multiple Excel spreadsheets. Cloud-based accounting software has transformed the way contractors do their accounts, ensuring a hassle-free accounting experience, minimising the number of mistakes and preventing them from spending precious time doin...

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What’s Stopping You from Becoming a Contractor?

For millions of people, contracting has become a way of life. However, even though many people are now enjoying the benefits of being a contractor, others still hesitate to make the leap from permanent employment due to concerns or misconceptions surrounding this subject. As contractor accountants, we have helped many ...

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What does Brexit mean for contractors?

It would seem that, despite time rapidly running out to have some kind of arrangement in place, Brexit is still worryingly unfinalized (chaos is, in fact, the word being used most frequently to describe the current governmental state).Every day there’s a new vote on how to tackle the Big B. Yesterday’s set of votes put...

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Gorilla Accounting React to Lorraine Kelly IR35 Ruling

 Television host, Lorraine Kelly has successfully appealed against a £900,000 tax bill in latest IR35 ruling.Lorraine Kelly, presenter of the television show ‘Lorraine’ on weekday mornings, was hit with the bill of nearly £900,000 in income tax and over £300,000 in national insurance in 2016.HMRC had brought a case aga...

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How to Avoid the Most Common Contractor Mistakes

Being a contractor can offer you a wealth of benefits, from having flexible working hours, being your own boss and being able to charge more for your services – however, contracting is not without its challenges. There are many issues and obstacles you’ll face along the way, so you need to be prepared to tackle anythin...

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An Update - 2019/20 TAX YEAR

The 2019/20 tax year is approaching so it is important to be aware of the updated tax rates and thresholds, which will come into effect from 6th April 2019.We have highlighted some of the rates and thresholds for the new tax year below that may impact you.Personal AllowanceThe Personal Allowance is the amount of tax-fr...

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Why You Should Prioritise Your Wellbeing This Year

The start of another year is the perfect time for contractors to take stock of their lives and prioritise their physical and mental health. While it’s easy to put your head down and work on growing your business, you don’t want to miss out on enjoying life.After all, you became a contractor to be in control; being your...

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