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Our Top Tips for Better Business Accounting

Managing your business financials is crucial, no matter whether you’re just starting out or own a big company, but there are many things to take into consideration that can make the process time-consuming – or a hassle. So, if you’re looking for contractor accountants to do this for you and help you grow your business, you’ve

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Sole Trader Tax Advice and Tips

If you’re a sole trader, being aware of your tax obligations is important, but so is knowing how to best maximise your tax-efficiency. As sole trader accountants, we help self-employed individuals to make the most of their business accounts – and ensure that they submit all returns correctly and on time. So, we’ve put together a

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Can I Get a Mortgage as a Contractor in 2021?

This is a question that many self-employed individuals ponder, as lenders find it challenging to understand the way you work and get paid, and often prefer to invest in ‘lower risk’ individuals. However, even though it may be harder to get a mortgage, it’s certainly not impossible. As contractor accountants, we understand you may have many

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How to Determine IR35 Status

IR35 is still on everyone’s minds and for good reason. The changes to the legislation, which came into effect on 6th April 2021, were previously postponed due to the pandemic and now impact medium to large companies in the private sector. Determining your IR35 status is no longer just your responsibility. In fact, the end client

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VAT MOSS: Selling Digital Services to the EU

With Brexit, selling products and services has become more difficult, including online. There are more admin tasks involved and paying taxes has become a more complex affair because of this as well. As your contractor accountants, we like to stay on top of the latest news, and Brexit (and the changes it brought) still remains a

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Pensions: A Company Director’s Best Friend

  When you’re running your own company, you quickly learn how to get the most from your budget. Eeking out a higher margin. Maximising your advertising spend. Tweaking dividends vs. salary. Each small decision has big consequences for your bottom line. You do everything you can to maximise your company’s return. The question is, why do

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How to Become a Self-Employed Social Media Entrepreneur

  Becoming self-employed is a massive step but comes with a lot of advantages. As contractor accountants, we’ve previously looked into how people could become self-employed engineers, locum vets, IT contractors, and more, so we know a thing or two about how to take the leap. If becoming a sole trader or contractor is the right

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What’s Changing in the New Tax Year

The new tax year will start on 6 April 2021 and, with it, will come a few changes. Contractors and freelancers should stay on top of the latest industry news, so Gorilla Accounting are taking a look at what the new tax year brings and what it means for the self-employed. You can also find key

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How to Pay Less Tax as a Sole Trader

Being a sole trader comes with many perks, one of which being the ability to pay less tax. However, it can be difficult to know exactly how this can be achieved, which is where we come in. As self assessment tax return accountants, we’ve helped countless freelancers and contractors to reduce the amount of tax they

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Spring Budget 2021: What You Need to Know

  Rishi Sunak has now delivered the Spring Budget 2021, the first Budget in almost a year, after the last Autumn Budget was cancelled because of the pandemic. With 700,000 people having lost their jobs since March 2020 and the economy on its biggest fall in 200 years, Sunak introduced a number of measures designed to

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