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Contracting & Freelancing News

Should Buy-To-Let Landlords Incorporate?

Becoming a property landlord is something that many people aspire to. The property market, as a whole, is seen as a sound investment. Investing in property is a great idea for many reasons, mainly leverage, as over time the value of the property is more likely to increase than decrease. A house historically tends to be

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Making Money on Social Media

Whether you love the concept of it or hate the premise of sharing snippets of your life online, social media continues to be a huge part of our lives. So much so that more and more people are making a career out of it. For many, a career in social media is a pretty mind-blowing concept,

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Autumn Budget: The UK Aims For Stability & Growth

Today, the eagerly awaited Autumn Budget was announced, with Chancellor Jeremy Hunt outlining tax changes and spending cuts in order to fill a £54bn “black hole” and “rebuild” the UK’s finances with a series of tax changes and spending proposals. At the G20 summit in Indonesia this week, Rishi Sunak admitted that the UK’s reputation had

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What To Look For In A Small Business Account

Lots of people dream of starting their own business. Being your own boss gives you greater freedom and flexibility and enables you to turn something you have a passion for into a livelihood. There are many reasons why people choose this route. When setting up a small business, either as a sole trader or a limited

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Self-Assessment Deadlines Made Easier: Making Tax Digital

If you are already self-employed, you will be aware of self-assessments and your self-assessment tax bill. Many find it a stressful part of being self-employed, having to keep on top of incomings and outgoings throughout the year to ensure you submit an accurate assessment. What makes this even more difficult is if you are used to

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IR35 Reforms Repeal scrapped: The latest updates

Could this be the biggest U-turn in British economic history? Today, the new chancellor Jeremy Hunt delivered the news that the IR35 repeal has now been scrapped. Alongside this, the chancellor is reversing almost all tax measures from the Mini-Budget in September that have not started parliamentary legislation. Roughly £45bn of unfunded tax cuts has in

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IR35: What’s the latest?

As contractors eagerly await the Medium-Term Fiscal Plan on Monday 31st October, we take a look at the latest on IR35. With potential implications to be unveiled, the plan will fall 5 weeks after the mini-budget 2022, where, surprisingly, the repeal of IR35 reform was announced. It was announced that the IR35 off-payroll legislation would be

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We’ve hit 1000 Trustpilot Reviews!

At Gorilla, we’re big believers that you’re only as good as your last review… which makes it even more exciting that we have now hit 1000 reviews on Trustpilot. To make that news even better, a huge 96% of these are 5 STAR reviews. We want to take this opportunity to thank all of our loyal

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Mini-Budget: The key points and how you could be affected

The mini-budget statement was today delivered to the House of Commons by Chancellor of The Exchequer, Kwasi Kwarteng. He pledged to “turn the vicious cycle of stagnation into a virtuous cycle of growth”. This growth plan is a key announcement for the new government which includes significant tax cuts and tens of billions of extra spending.

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How to recession proof your finances as a small business

It’s a harsh reality that a recession would impact every person in the UK one way or another, whether you are a business owner, a contractor or employed on a full time or part time basis. The impact of inflation is already starting to take its toll on a lot of small businesses and homeowners, especially

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The Advantages of being a Sole Trader

You may have seen our previous blog post, highlighting the advantages and disadvantages of setting up a Limited Company as opposed to becoming a sole trader. When setting up a business, both options come with a series of pros and cons. Different set-ups require a different way of running things, so the right choice for one

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Dividend Tax Explained With Salary & Dividend Tax Calculator

The vast majority of our clients operate as Limited Companies, and there are many advantages in doing so. One of the main ones is that, as a Director & shareholder, you can receive dividends in addition to your director’s salary. This gives you far greater control and flexibility over your income in terms of when and

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