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Contracting & Freelancing News

How the conservatives can win small business votes

The recent summer budget was not predicted to affect contractors or freelancers greatly following six years of almost complete ignorance by the chancellor. In recent years, not much has been worth getting excited about as only minor changes such as tax cuts and business support schemes took place. When the Conservative government was elected, their proposed

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Finance options open up for contractors

In 2020, it is predicted that 50% of the full time work force will be contractors and freelancers. Therefore, it comes as no surprise that banks are frequently planning to alter current criteria to accommodate the largely growing sector. The latest headline announced reveals Nationwide are to widen their lending criteria in an attempt to benefit

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Underpayments and Overpayments of Tax

It can often take a while communicating with HMRC to get the bottom of an underpayment or overpayment as we know quite well for dealing with such for contractor and freelancer clients. HMRC have now made the process easier. HMRC has announced that you will be notified between now and October 2015 if you have underpaid or overpaid

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Manchester – A Thriving Community for Contractors and Freelancers

Contracting and freelancing has grown hugely in recent years as the demand for highly skilled and experienced workers for short projects has increased. The main sector that has took off in Manchester is digital and graphic design however this has not come as a surprise with launch of MediaCityUK back in 2011. Companies within MediaCityUK have

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Gorilla Accounting feature in Manchester Evening News article

Manchester Evening News have done a feature article on our launch. Read the article below: Gorilla Accounting offers a technology driven service to freelancers and contractors. Gorilla Accounting has been launched by The Seneca Group. Seneca, a multi-million pound group of businesses based in the north west have branched out into the accountancy market by launching

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Should I Go Solo? How to Decide if it’s Right for You

Go on, admit it: the thought of quitting your job and going solo has crossed your mind more than once. If you’re considering making the move, you’re definitely in the right place. We work with individuals who have taken the plunge and gone on to forge hugely successful independent careers for themselves either as limited company

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Which Insurance do Contractors Need to Take Out?

Insurance is essential for any business, not just contractors, and will protect not only your business but also your employees if a claim is made against you or the company. This could be considered the most crucial aspect within your business as this covers you if you take a wrong turn. Professional Indemnity Insurance This insurance

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Contracting is on the up

A small increase in the hiring of contractors has been announced. Data released from the Association of Professional Staffing Companies (APSCo) reveals a one per cent increase of the employment of temporary work compared to the same period in 2014. Contractors who specialise in finance and accounting saw a dramatic increase with a 9 per cent

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Accelerated Payments Remain After HMRC Win

HMRC have won a High Court battle following the legality of accelerated payments. The payments, that were introduced last year, are an attempt to crackdown on tax avoidance and make individuals who are suspected of tax avoidance pay their tax up front while avoidance is being investigated. HMRC opposition claimed the payment notices were not only

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The Uprising of the Cloud

The cloud market has developed hugely in recent years, and the most significant changes emerging in the market is IT. Each cloud software has one key aspect an individual reviews before choosing which software they want. This is security. If a company can provide 24/7 support as well as test and apply patches then you are

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A Tough Regime…

Recently, a new regime in an attempt to crack down on offshore tax evasion has kicked in. It is predicted that the new regime will help reduce crime involving tax avoidance massively. Proposed changes include: A new criminal offence for offshore evasion. A new criminal offence for corporates who fail to prevent tax evasion. Increasing the

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HMRC Payment Notices Issued

HMRC’s annual report from the 2014/15 financial year has revealed around 10,000 accelerated payment notices were issued to individuals involved in tax avoidance schemes. They also announced they expect to issue a further 64,000 accelerated payment notices to both individuals and businesses involved in tax avoidance schemes. Furthermore, the report revealed 89.7% of complaints made to

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