Gorilla Accounting Blog | Contracting & Freelancing News

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Hiring Your First Employee? What You Need to Know

When contractor work starts piling up, you may consider hiring someone to help you out. Hiring your first employee is an important and rewarding milestone as a director of a limited company, because it shows that your business is growing.You will be handing over responsibility for part of your business to someone else,...

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Can You Claim Capital Allowances?

When running a limited company, you will invariably incur several expenses, from purchasing equipment to postage costs. A perk of being the director of your own limited company is that you may be eligible to claim all of those expenses. Capital allowances let you claim tax relief on assets you buy for your company, and...

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Everything You Need to Know About Locum Vets Accounting

Over the past few years, many veterinarians have turned their back on permanent jobs in favour of locum work (currently, there are approximately 20,000 employed and self-employed vets in the UK). For many, the decision to go locum stems from a desire for flexibility, improved work-life balance and to develop their skil...

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11 Sure-Fire Negotiation Tips Every Contractor Should Know

The freelancer and contractor industry is still growing in the UK – this is excellent news to contractors, especially with the uncertainty of Brexit and the future of free movement) still unclear. There are around 2 million self-employed professionals in the country, and 1.77 million of them are full-time contractors. ...

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Limited Vs Umbrella: Which Should You Choose?

As a contractor, you can set up a business as a limited company or opt to operate under a PAYE umbrella company. Deciding between the two, however, can be a challenge for many contractors; both present advantages and downsides, depending on your business and experience as well as how long you intend on contracting and ...

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IR35, April 2020 and the private sector reform

Finally, after a long period of if's and but's around the IR35 reform in the public sector, Philip Hammond announced in his Budget speech that the IR35 reform will indeed, as expected by many, be rolled out into the private sector.Larsen Howie, the IR35 Review specialists talk you through their take on the Autumn Budge...

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What is IR35 and why should you be aware of it?

As a contractor, understanding IR35 and what it means is crucial for your business. Also known as ‘intermediaries’ legislation’, IR35 first came into effect on the 6th of April of 2000 and is designed to prevent contractors from working as disguised permanent employees and benefitting from tax advantages by working thr...

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