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Gorilla Accounting strive to offer the best possible customer service. To achieve this, we have become a ‘one-stop-shop’ for all of our customers, no matter the industry you’re in. It’s important for us to meet a contractor’s needs and requirements, whether they seek accounting for contractors, insurance, business banking or other specialist services.

So, as a contractor, you may want to hire us when you’re thinking about setting up a limited company; however, this is far from the last step of your self-employed journey and just one aspect of what Gorilla Accounting can help with.

Everything you need to pursue your contracting career is at Gorilla, so take a look below at the services we’ve partnered with and how they will assist you in your journey.

Gorilla are Contractor Accountants

If you need an accounting partner to help you handle the financial side of your business, Gorilla are here for you. You’ll get your very own dedicated accountant and we’ll even reply to your urgent queries in the same day if you contact us before 3pm. You can even figure out your take-home pay with our contractor tax calculator without being a client, so check it out now.

But what exactly do you get with us?

Our fixed-fee, all-inclusive package includes unlimited support and 24/7 access to FreeAgent. FreeAgent accounting software is trusted by more than 60,000 freelancers, contractors and small businesses, and allows you to safely and securely run your business from anywhere. Be it sending and managing invoices, checking your cashflow and keeping on top of your taxes, this bookkeeping tool is designed to make your life a lot easier.

We also provide a quarterly review of your bookkeeping data, we offer tax planning advice to help maximise the tax efficiency of your business, we can prepare and submit your financial statements, your corporate tax return and your quarterly VAT returns, and we can assist with HMRC record checks.

We can also:

  • Prepare and submit payroll
  • Offer standard employment status references
  • Remind of key deadlines and payments
  • Prepare Companies House Confirmation Statements
  • Assist with share issues or transfers and changes of particulars
  • Help with dividend and board minute documentation
  • And more

Our package is only £110 + VAT per month, is all-encompassing and is suitable for any contractor, whether you’re just starting out or you’re already a well-established company.

In addition to this, there are other services we can perform if you require, which will have an additional charge. As limited company accountants, we can incorporate your business for £50 + VAT, offer a Registered Office address service for £10 + VAT a month and assist with the self-assessment tax return for additional shareholders and/or directors for £100 + VAT.

So, if you chose to start a business as a sole trader, whether because you wanted to test the waters or because the business wasn’t large enough to incorporate, you can ask us to register it with Companies House and we’ll take care of all documentation for you.

And, if you’re already the director of a limited company but you’re not sure which tax returns to submit and when, Gorilla Accounting can take this burden off your hands too.

All of this means that you can come to us at any point of your contracting career and Gorilla will be able to help.

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Business Banking

It’s imperative that you manage your accounts – or request professional assistance – if you want to be self-employed. However, being a contractor means staying on top of many different things, including your banking options. Even though you should always have business banking when you’re running a business, you can technically use your personal account if you’re a sole trader, since there is no separation between you and your business.

However, when you own a limited company, you must have a dedicated account. Therefore, you have to set up business banking for contractors before starting to trade.

Being a business owner requires a lot of work from your part just to get it off the ground, not to mention to grow it and turn a profit. So, for many contractors, the last thing they want to think about is which account is the right one for them.

With so many choices out there, taking into consideration all their perks and disadvantages can be a full-time job in itself. At Gorilla Accounting, we understand that contractors want convenience, especially during those important first days, weeks and months of a new business, so we’ve partnered with Natwest and Cashplus to make your life easier.

To decide which bank or which account is better for you, consider things like interest rates, the level of service you want to receive and the banks’ facilities.

Contractor Insurance

When you start out your self-employed career, you discover quite quickly that having insurance is incredibly important – and many clients will only work with you if you are insured, so you’d be missing out on a lot of work if you opt out.

Gorilla Accounting have partnered with Kingsbridge Contractor Insurance to provide our customers with the best possible insurance. Just like with business banking, getting contractors’ insurance should be a straightforward process; you don’t want to spend hours narrowing down options when the solution is right here with Gorilla Accounting!

So, what do you get with Kingsbridge Contractor Insurance?

  • Professional Indemnity Insurance – This important cover will protect you against claims involving professional negligence, errors or omissions, and bad advice that resulted in financial loss for your clients. Should you have a claim against you, Professional Indemnity insurance will cover legal costs and damages awarded against you.
  • Public Liability Insurance – This means that, if someone is injured or property is damaged as a result of your actions, you are protected against claims. This cover is necessary whether you’re working on your client’s premises or your own.
  • Employers’ Liability Insurance – This cover protects against claims made by your employees and is mandatory for nearly all UK businesses. Many of your clients will also insist you have it in order to contract with them.

Kingsbridge Contractor Insurance can also help with other products like IR35 Tax Enquiry Insurance, Sickness Cover and Relevant Life Policy.

As contractor accountants, Gorilla Accounting understand just how important insurance is, so don’t forego it when setting up your business – we can help answer your questions about contractors’ insurance, so don’t hesitate to talk to us to learn more about what covers you need.

 

Contractor Mortgages

As a self-employed individual, including contractors, obtaining a mortgage can be a complicated affair. After all, while working as a contractor offers a great wealth of benefits, such as flexibility, it also comes with some degree of uncertainty.

So, finding the right mortgage product for you can be frustrating, especially if you can’t find mortgage products as competitive as those that employed individuals have. But you shouldn’t have to stress about whether you’ll be able to buy a house when you’re running your own company.

For this reason, Gorilla Accounting is working together with Freelancer Financials to ensure our clients are able to get the mortgages they want.

The London-based brokers have been providing contractor mortgages for more than fifteen years, so they know what they’re doing and have helped countless contractors to buy the house of their dreams. Through our partnership with Freelancer Financials, you get several guarantees, including a response to your queries within 2 hours, a dedicated account manager and a commitment to ensuring that you obtain the best mortgage.

The brokers also work with individuals from many different specialist sectors, so you don’t have to worry about missing out on a great mortgage because of the work you do. You don’t have to be in IT or earn over £300 a day in order to secure a fantastic deal, since Freelancer Financials will be able to find you the mortgage you’re looking for.

They are capable of offering fixed, offset, standard and variable rate repayment mortgages, as well as home-mover mortgages and remortgages. Our partners are also able to provide interest-only and offset mortgages, help-to-buy and shared ownership government-backed mortgages, and more.

A Virtual Personal Assistance for Contractors

Gorilla Accounting can help you if you’re in need of a virtual personal assistant or receptionist that can handle the customer service side of your business. With Ava, you can easily capture incoming sales leads and grow your client base; they can also field sales calls.

If you need someone to help in the day-to-day operations of your business but you can’t afford to hire employees at the moment, Ava can be the right solution. The virtual assistant will do the work of two full-time employees for a fraction of the cost – for as little as £80 + VAT a month (or £50 + VAT a month for the first 3 months if Gorilla refer you), you can benefit from call answering services, for example.

Ava will give you time to focus on your business, allowing you to easily grow it instead of spending time answering the phone. You can choose this service on a one month rolling basis if you prefer, instead of a long-term contract, which is especially useful if the nature of your business changes.

It goes without saying that, with this virtual personal assistance, you don’t have to fear losing opportunities, since Ava is never too busy to pick up the phone. Also, you don’t want existing or potential clients to be calling your office without getting an answer – letting the phone ring this can make you appear unprofessional too – but Ava will handle all of that for you.

Another perk of choosing Ava is the ability to use virtual offices, which offers a great location for your business (helping with its reputation) and will help you to separate your professional from your personal life – home addresses may work when you’re a sole trader but, as a limited company owner, you want to convey a professional image at all times.

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Contractors lead busy lives, so it’s only natural to want as much convenience as possible to ensure your day-to-day runs smoothly. And, with Gorilla, you’ve got it. Not only do we offer a comprehensive range of accounting services, but you can find a large array of key services for contractors with us. From insurance to mortgages, we’re indeed a one-stop-shop for all of your contracting needs.

If you have any questions about any of our services or our partners, we’re on hand to answer them, so send us a general enquiry or ring us on 0330 024 0406 and we’ll get back to you.

 

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