Gorilla Accounting Blog | Contracting & Freelancing News

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Introducing Larsen Howie, the IR35 Review Specialists

At Gorilla Accounting, we're always looking to offer the very best service to our clients.IR35 is a big point of interest in the contracting sector right now. This government legislation has been designed to clamp down on disguised employment, these are the people who for all intents and purposes are employed but take ...

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IR35 – How does it affect Locums?

IR35 legislation has been designed to protect against disguised employment and it’s intended to prevent workers who would usually be seen as an employee avoiding tax liabilities by working through an intermediary, such as a limited company.If an individual’s contract and working practices match that as an employee, it’...

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Life as an IT Contractor

Working as an IT contractor can be incredibly rewarding, not just financially but because of the wealth of new and existing technology that you're exposed to each and every day. What's more is that by having a legitimate, well-run business which you'll be able to trade through, you'll significantly increase your busine...

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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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