10 Recent Blog Posts https://gorillaaccounting.com/blog/ Shows a list of the 10 most recent blog posts. Using Umbrella Company Services https://gorillaaccounting.com/blog/using-umbrella-company-services <p><strong>If you are new to contract working</strong><strong>, you may be considering how an umbrella company can help you to run your business and save you valuable time.</strong></p><p>There are benefits to working as a contract worker under an <a href="https://gorillaaccounting.com/our-services/gorilla-payroll-umbrella-company-contractor-freelancer/">umbrella company</a> set up which will give you the support that you need as well as save you time to be able to do the things that are important when running your own contractor business. The other way of working is of course to establish your own limited company and operate via that business which also comes with its benefits so both need to be considered carefully.</p><p>Most contractors when starting out as a freelance worker or when leaving the safety and security of full-time employment will consider umbrella company services initially to reduce the risks of setting up a new limited company. </p><p>Some people will work under an umbrella company to begin with for a period of time and then will generally consider switching to setting up their own Limited Company. You should speak to a specialist umbrella company accountant in the first instance to find out more and see which route is the best one for you based on your own needs or expectations.</p><h2>Advantages of using an Umbrella Company</h2><p>In the early days of working as a contractor and leaving the security of full-time employment, it can be a lot to take in so you may just want to have someone there in the background to help guide you. An umbrella company will give you the support you need by providing you with:</p><h2>Employment law </h2><p>An umbrella company will fundamentally mean that you are still treated as an employee from a legal and payroll perspective which means that you still have the same rights as an employee. You will also be paid via the umbrella company so you do not have to worry about any potential payroll issues or tax implications.</p><h2>Earning potential </h2><p>Most freelance and contract workers move to this way of working to increase income and to be able to dictate their own working patterns, compared to full time working.</p><h2>Reduced administrative duties</h2><p>Most company directors will automatically be responsible for completing a number of administrative tasks as part of their standard directorial duties. It can be a drain on time and resources which is why an umbrella company can help you to remove this from your workloads.</p><h2>No credit control issues</h2><p>It can be extremely frustrating as a business owner to have to chase payments for unpaid invoices which can be extremely stressful and annoying. Working under an umbrella company means that your credit control should be taken care of by your umbrella company as they are responsible for chasing payments. This therefore means that you should be paid more quickly, accurately and on time.</p><h2>Employment rights and insurances</h2><p>Under an umbrella company, you should have a package of services which will mean that all of your business and public indemnity insurances are covered by the umbrella company. Insurance can be an extremely costly part of running your own business as well as the amount of time that it takes to search the market for insurance providers. You should also be aware that working as part of an umbrella company will mean that you have the same rights as any other employee so you will be entitled to the same benefits from an employment law perspective.</p><p><strong>If you need more help or advice on operating through an Umbrella Company, speak to one of our Gorilla Accounting team of experts. We offer a full range of umbrella services as well as supporting limited companies so speak to us to find out how we can help you to run your business more effectively and efficiently.</strong></p> Tue, 14 Aug 2018 09:00:00 +0100 https://gorillaaccounting.com/blog/using-umbrella-company-services Umbrella Company and Limited Accountancy Services https://gorillaaccounting.com/blog/umbrella-company-limited-accountancy-services <p><strong>If you are new to contract working or if you have worked as a freelancer for a number of years then you may want to consider how Umbrella company services can help you to run your business more efficiently and save you valuable time.</strong></p><p>There are benefits to working as a contract worker under an Umbrella company set up which will give you the support that you need as well as save you time to be able to do the things that are important when running your own contractor business. The other way of working is, of course, to establish your own limited company and operate via that business which also comes with its benefits so both need to be considered carefully. </p><p>Most contractors when starting out as a freelance worker or when leaving the safety and security of full-time employment will consider Umbrella company services initially to reduce the risks of setting up a new limited company and save them time. It can be a daunting prospect in the beginning to go the whole way of setting up your own new limited company so going down the Umbrella company route can be a far easier option to begin with.</p><p>Some people will work under an Umbrella company to begin with for a period of time and then will generally consider switching to setting up their own Limited Company after a year or two. You should speak to a specialist Umbrella company accountant in the first instance to find out more and to see which route is the best one for you based on your own needs or expectations. </p><h2>Some of the main advantages of an Umbrella Company </h2><p>In the early days of working as a contractor and leaving the security of full-time employment, it can be a lot to take in so you may just want to have someone there in the background to help guide you. An Umbrella company will give you the support you need by providing you with:</p><h2>Employment law </h2><p>An Umbrella company scheme will fundamentally mean that you are still treated as an employee from a legal and payroll perspective which means that you still have the same rights as an employee. You will also be paid via the Umbrella company so you do not have to worry about any potential payroll issues or tax implications.</p><h2>Earning potential</h2><p>You should know that there is a strong possibility that you could increase your income by becoming a contract worker and working as part of an Umbrella company. Most freelance and contract workers move to this way of working to increase income and to be able to dictate their own working patterns. </p><h2>Expenses and costs of business claims</h2><p>When working as a contract or freelance worker there will be a number of standard expenses that you will be entitled to claim for which includes the cost of travel, accommodation and professional subscriptions through your Umbrella company. You may also be able to claim expenses for food and drinks when you are working away from home for a period of time.</p><h2>Reduced administrative duties</h2><p>Most company directors will automatically be responsible for completing a number of administrative tasks as part of their standard director duties. It can be a drain on time and resources which is why an Umbrella company can help you to remove this from your workloads. </p><h2>No credit control issues </h2><p>It can be extremely frustrating as a business owner to have to chase payments for unpaid invoices which can be extremely stressful and annoying. Working under an Umbrella company means that your credit control should be taken care of by your Umbrella company as they are responsible for chasing payments. This, therefore, means that you should be paid more quickly, accurately and on time.</p><h2>Employment rights and insurances</h2><p>Under an Umbrella company, you should have a package of services which will mean that all of your business and public indemnity insurances are covered by the umbrella company. Insurance can be an extremely costly part of running your own business as well as the amount of time that it takes to search the market for insurance providers. You should also be aware that working as part of an Umbrella company will mean that you have the same rights as any other employee so you will be entitled to the same benefits from an employment law perspective.</p><p><strong>If you need more help or advice on Umbrella or to speak to us about how our Umbrella company works, you should speak to one of our Gorilla Accounting team of experts. We offer a full range of Umbrella services as well as supporting limited companies so speak to us to find out how we can help you to run your business more effectively and efficiently.</strong> </p> Tue, 31 Jul 2018 09:00:00 +0100 https://gorillaaccounting.com/blog/umbrella-company-limited-accountancy-services Medical Accountants services in Manchester https://gorillaaccounting.com/blog/medical-accountants-services-manchester <p>Gorilla Accounting specialises in helping all types of contractor and freelance workers in the Manchester area from our head offices based in Bolton. We also specialise in providing services nationwide which covers the full range of healthcare and medical occupations such as:</p><p>-       GP's</p><p>-       Consultants</p><p>-       Locums</p><p>If you work in the healthcare industry as a contractor or wish to use our umbrella services,  then you should speak to one of our team of experts who will be able to guide you on the best way to work. Our services are designed specifically for people working as contractors for their own Limited Company or for people who wish to work as part of an Umbrella Company to save them time and money.</p><p>Our services include: </p><p>-       Preparing accounts</p><p>-       Payroll</p><p>-       Accounting software (FreeAgent)</p><p>-       Business bank accounts</p><p>-       Limited Company formation</p><p>-       Contractor insurance</p><p>-       IR35 guidance</p><p>-       And more…</p><p>If you need to know how to set up your own new limited company or if you are a seasoned professional with a longstanding business record then our services can help you. Gorilla Accounting works with a vast range of medical professionals and healthcare specialists in the Manchester area providing a range of accountancy services from our Manchester office so we know exactly what you need to make your business more profitable and increase your productivity.</p><p>The trend for becoming a contract or freelance worker is growing as people are changing their attitudes towards employment as the guarantees and securities of working for a company or large organisation such as the NHS. You can now find Medical accountants around Manchester such as Gorilla Accounting who will help to support your business to make the right financial decisions and save you precious time.</p><h2>Here’s how we work</h2><p>We promise to all our clients that we will respond to any enquiries on the same day we receive them as long as you contact us before 3pm. We know that your time is precious and we also know how important it is to make sure that your queries are dealt with quickly so it is our responsibility to make sure that your accountancy questions for your Manchester business are answered that day or the next day if after 3pm.</p><h2>How do I get in touch with you?</h2><p>To speak to one of our team of accountants in the Manchester area, all you need to do is to get in touch via one of the following methods:</p><p>-       Telephone: Call us on 0330 024 0406 to speak to us direct</p><p>-       Email: You can also email us on <a href="mailto:info@gorillaaccounting.com">info@gorillaaccounting.com</a> and we promise to respond as quickly as we possibly can. </p><h2>What questions can I ask about Medical accountants in Manchester? </h2><p>You can ask us any questions you want to about your business or how you run your business as well as being able to ask us as many questions as you need to. We aim to make sure that you are supported in every way by using our services, so it is important for us to give you as much help as we can. </p><p>You should also be aware that if we are not able to meet our ‘client service guarantee’ for responding to you that day or the next day then we will issue you with a payment of £50 by way of compensation.</p><p><strong>For more information, please do not hesitate to contact one of our team of Gorilla Accounting experts today on 0330 024 0406.</strong></p> Mon, 30 Jul 2018 14:00:00 +0100 https://gorillaaccounting.com/blog/medical-accountants-services-manchester Starting out as a Locum Doctor Limited Company https://gorillaaccounting.com/blog/locum-doctor-limited-company <p><strong>The current state of the National Health Service (NHS) means that they are spending more than ever on employing the services of locum doctors.</strong></p><p>There is an increasing demand for locum doctors which means that more and more are creating their own limited company to be able to take advantage of the benefits of being self-employed which can be extremely appealing.</p><p>Current statistics show that the NHS is spending approximately £83.3million on locum doctors which is just to work in the ‘Accident and Emergency departments’ in 2013 which is an astonishing figure. This shows that there has been a steady increase in the demand for locum doctors services which has grown by 60% in the last few years alone.</p><h2>How will I benefit from forming a limited company?</h2><p>There are several key reasons why you should consider setting up your own limited company if you are a locum doctor or thinking about becoming a locum doctor. Here we look at some of the main areas you will find which should hopefully help you to make your decision. </p><h2>More flexibility around hours of work</h2><p>One of the most demanding parts of a job in the NHS or as a doctor, in general, are the demands on the individuals in terms of the number of hours you are required to work, especially in the earlier parts of your career as a junior doctor. Setting up your own locum doctor limited company means that you will be far more in control of the hours you work and how much work you are prepared to take on which is incredibly appealing for a majority of people. </p><h2>Increasing rates of pay </h2><p>As with most other types of contract work as limited companies, you can benefit from a number of improvements in take-home pay simply by working with a specialist accountancy service who has the right expertise.</p><p>According to a recent report in <em>The </em>Telegraph, there was an incredible £2billion spent on locum doctors over a 3 year period, the report also showed that some locum doctors had earned over £2,000 for a days work. </p><p>The main reasons for being able to achieve such high rates of pay by setting up your own limited company is because the employer (NHS) does not have to be responsible for offering you an employee benefits package. As with most contract work, you would reduce the demand on the employer due to them not having to pay holiday pay, sick pay, pension contributions and other costs that come with employing a person.</p><p>You should remember that demanding £2,000 per day is very much the top end of the scale for a locum doctor. As with any other type of profession or occupation, the amount of pay you will receive will generally be directly related to your experience as well as the geographical location (e.g. Central London will usually be higher pay). </p><p>By speaking to a locum doctor, limited company accountancy specialist, such as Gorilla Accounting, you will be able to calculate how much your take-home pay would be for a potential new role as a locum doctor. </p><h2>Improve your work skills and experience </h2><p>You will know that as a doctor your career path will depend on the type of work you do, the amount of time you have spent working and which locations or hospitals you work in, which can dramatically improve as you work on different types of contracts. </p><p>Setting up your own new limited company as a locum doctor means that you should have a greater choice of where you work and in which areas you decide to specialise which can dramatically improve your personal development. If you are looking to change areas that you specialise in or if you want to improve your chances of being successful at winning higher level contracts, working as a locum doctor can help you to achieve that.</p><h2>Work opportunity for retired professionals</h2><p>It is fairly common for doctors careers to be shorter than other professions which is mainly because of the demands that are placed on the individuals, however, that does not mean that you need to retire altogether. Setting up your own locum doctor limited company as a mature and experienced professional means that you can keep on working well into your retirement with the flexibility to work as and when you choose.</p><h2>Do I need a locum Doctors limited company accountant? </h2><p>There are several key considerations for someone setting up a new limited company which can include: </p><p>-       IR35</p><p>-       VAT charging</p><p>-       Annual returns</p><p>-       Expenses</p><p>Working with a specialist in this field will generally mean that they are better equipped and have a greater understanding of your needs from other similar clients in the same situation. Working under your own limited company means that you have a number of potential advantages to be had from your accounts which you should ensure that your accountants know how to benefit from for you. </p><p><strong>Speak to one of our experts at Gorilla Accounting today to find out more about how we can help you with your new locum Doctors limited company and make the most of your business.</strong></p> Fri, 27 Jul 2018 10:00:00 +0100 https://gorillaaccounting.com/blog/locum-doctor-limited-company Limited company accountants fees – How do I know what is best? https://gorillaaccounting.com/blog/limited-company-accountants-fees <p><strong>If you have made the decision to switch from full-time or part-time permanent employment to the potentially daunting world of contract work, then you may be wondering what is a reasonable amount to pay for Limited company accountancy fees.</strong></p><p>It can seem like an impossible task to set up your own limited company to work under when you initially set out as a new contractor, or even for the seasoned professional there may well be gains to be made from reviewing your current Limited company accountants fees.</p><h2>Why do I need an accountant?</h2><p>It is possible to take on the mammoth task of managing your own limited company accounts but this can be extremely time consuming and potentially costly to you as your time could be better spent on income generating tasks. </p><p>There are a number of key benefits to working with an accountant when running your own limited company and especially for those who are contracting, simply because it is unlikely that you will have the time. If you consider that you will often be working on your own and therefore your time is precious and the support of a good accountant can be a welcome input. </p><p>Generally Limited company accountants will be fairly low in comparison to the potential gains that can be made in terms of time as well as financial, especially if you find the right accounting partner. There are a couple of potential routes to go down so for new contractors you should carefully consider your options before you decide on which is best for you and your business.</p><h2>Is it better to use a specialist or high street accountant?</h2><p>It is possible that a good qualified high street accountant should be more than competent to be able to carry out the general accounting work for any contractor, however, there are a growing number of specialist accountancy practices such as Gorilla Accounting who are potentially more knowledgeable about your circumstances. You should also find that the fees for a specialist contractor accountant could be similar to those of a high street accountant or even lower in some cases.</p><p>You might think that Limited company accountancy fees from high street accountants would be lower because they are more competitively priced and the fact that they are a local company. The truth is that Limited company accountants fees from a specialist can and often are lower because it is a more competitive market, higher volume and generally telephone based so more efficient.</p><p>The other major advantage to working with a specialist contractor accounting firm for you is that they would generally have a deeper understanding of legislation specific to you such as IR35 and tax updates specific to contracting.</p><h2>Does cloud-based software effect Limited company accountancy fees?</h2><p>Most modern accountancy firms will have access to some kind of cloud-based software or will provide some sort of package within the standard services that they offer especially specialist contractor accounting firms. It is becoming more and more common for contractors to utilise cloud-based accounting software to help streamline their business finances which can be accessed at the touch of a button 24 hours a day, 7 days a week.</p><p>You may also think that Limited company accountancy fees would be higher if you are given access to cloud-based accounting software. The truth is that modern accounting software is helping to reduce Limited company accountancy fees which is a big step for most contract workers.</p><h2>What should I expect to pay? </h2><p>As with any other fee-based service,  you will find that there is a range of costs for Limited company accountants fees and these can vary dramatically depending on the type of accounting firm you are speaking to and what services you are looking for. You should also consider that the more expensive services are not always the best option as ‘you get what you pay for’ does not always apply.</p><p>Some of the main considerations when you are considering your Limited company accountants fees are:</p><p>-       Professional qualifications</p><p>-       Size of firm</p><p>-       Switching accountants</p><p>-       Level of service</p><p>-       Recommendations / testimonials</p><p>These are just some of the points you should factor in when you make your decision of which accountancy firm you should work with so it is important to get all the information you need before you commit to a new partner.</p><p><strong>If you need more help with how to approach your limited company accounts or if you are looking for a second opinion on which is the right Limited company accountants fees then you can call one of our Gorilla Accounting experts to find out more. </strong></p> Thu, 26 Jul 2018 08:00:00 +0100 https://gorillaaccounting.com/blog/limited-company-accountants-fees Best limited company accountants – Top tips for making the right choice https://gorillaaccounting.com/blog/best-limited-company-accountants <p><strong>If you have made the decision to run your own contractor business using a limited company, then there are some critical points to consider.</strong></p><p>One of the main points is how you will manage your business finances and accounts to make sure that you get the most from your limited company income. Using the best-limited company accountants can help you to maximise the revenue that you generate from your contractor work. </p><h2>Do I need a specialist contractor accounting service? </h2><p>Whilst it might seem fairly simple at first glance to manage your own limited company accounts, the reality is that your business accounts for a limited company can be complicated and time-consuming.</p><p>Using a qualified specialist limited company accountant will give you the support you need to get the most from your business income using an in-depth knowledge of the contractor market tax regulations. </p><p>Use a specialist limited company accountants </p><p>To get the best-limited company accountants, you should generally be looking at a company who either specialises in this area specifically or who has a significant amount of experience in this sector, ideally working primarily with contractors or freelancers.</p><p>The significant differences in legislation and tax regulations means that there are considerable gains to be made by working with some of the best-limited company accountants who can clearly identify your opportunities. A general or high street accountancy practice will more than likely be able to carry out basic level accounts for your limited company but may be more expensive and not have the specific knowledge you may need.</p><p>To get the best-limited company accountant, you should make sure that they are able to carry out all of the main areas, including: </p><p>-       Preparation of accounts</p><p>-       Corporation Tax returns</p><p>-       Payroll</p><p>-       IR35</p><p>-       HMRC communications</p><p>There is also the fact that most will offer you a software package with some support to help you to manage your company finances more efficiently. With the use of modern cloud-based accountancy software, you should be able to maximise your income by keeping up to date with all of your business finances. </p><h2>Recommendations and testimonials</h2><p>It is becoming more common to be able to access and view reviews or testimonials for companies online which can be completely independent using sites such as Feefo, Trust Pilot or Google. Some of the best-limited company accountants will publish these results on their websites or can be accessed by searching for reviews for a particular business on Google. </p><p>Also, if you have received a specific recommendation for a limited company accountant, then you should make sure that you are getting some additional background information to support that claim.</p><h2>Fees and service costs</h2><p>The best-limited company accountant will generally charge fees from around £60 to £150 per month for the standard services depending on which level of service you are looking for. You should make sure that you check all charges and costs thoroughly to ensure that there are no hidden extras for additional services. </p><p>You should also ensure that your services offered are exactly what you need so you are comparing like for like with other services providers. Most limited company accountants will offer a standard package which should include the main requirements for your limited company contractor accounts.</p><h2>Switching accountants</h2><p>When joining with Gorilla Accounting, we’ll take care of the switchover between accountants. It doesn’t have to be difficult, we’ll get in touch with your existing accountant and request all the information that we need once you have given them notice that you’re leaving.</p><p>You should be aware that when looking for the best-limited company accountant, you should ensure that they can cater for your needs as your business grows. If you future-proof your choice of accountant then you should make your life far easier in the coming years rather than having to move things services over again. </p><p><strong>For more information on the Gorilla Accounting service, contact one of our team of experts today on 0330 024 0406 or email <a href="mailto:info@gorillaaccounting.com">info@gorillaaccounting.com</a>. </strong></p> Tue, 24 Jul 2018 13:30:00 +0100 https://gorillaaccounting.com/blog/best-limited-company-accountants Accounting for lawyers – Locum lawyers accounting https://gorillaaccounting.com/blog/accounting-for-lawyers <p><strong>If you are thinking about becoming a locum lawyer and wondering how your business finances would work, speak to an expert like Gorilla Accounting to find out more.</strong></p><p>It is important to consider all your options before making the final decision to work as a legal locum, but there are some excellent <a href="https://gorillaaccounting.com/our-services/contractor-freelancer-accountancy-services/">accounting services </a>for locum lawyers so do not let that put you off.</p><p>There are several major reasons why people decide to work as a legal locum, which can far outweigh the reasons for being an employed lawyer or solicitor. Some of the main reasons why people decide to work as a legal locum include:</p><p><strong>-       Work-life balance</strong></p><p>The legal profession is one of those sectors where the demands on the individuals and employees of businesses can be very high. There are several well-paid industries such as medicine, law and other sectors where you could be required to work longer hours to carry out your job.</p><p>Some people decide to work on a contract or locum basis rather than being a full-time employee, which gives them more flexibility and control over the number of hours they work. One of the benefits of this is being able to manage your own time and finances using a specialist accountant.</p><p><strong>-       Financial benefits and incentives</strong></p><p>One of the biggest reasons for becoming qualified as a legal professional or lawyer in the first place for people is the fact that this is a well-paid industry, which is more apparent within senior roles. Generally, people with more than several year’s experience within a large firm or city-based firm will be able to demand higher levels of hourly pay than most which can work well as a locum worker.</p><p>When choosing to work with a specialist accountant, you should ensure that your chosen provider offers all aspects of financial support and accountancy based services, including:</p><p>-       Year-end accounts</p><p>-       Corporation Tax calculations</p><p>-       IR35</p><p>-       Management accounts</p><p>-       Payroll</p><p>-       Expenses</p><p>Your chosen specialist should be able to guide you through all aspects of accounts to ensure that you get the most from your business income. </p><p><strong>-       Internal training costs and requirements </strong></p><p>One of the most important elements of continuing to work in the legal sector is to ensure that you keep your own personal development up to date whilst in employment. Most legal roles as an employee would involve some levels of ongoing training as well as continuous professional development which can be costly for any employer.</p><p>As a locum, the costs to an employer are sometimes lower than employing an individual on a full or part-time basis. One of the benefits of having your own small or contractor business is the ability to work in your own professional development.</p><p><strong>-       More diversity and variety of work types/locations</strong></p><p>One of the other major advantages of being a contractor in any industry is the flexibility you have around where you work and with which company. You will have the ability to pick and choose your own roles within your chosen locations, which can be wherever you decide that you want to base yourself. One of the major factors is that you will be able to claim expenses for travel and accommodation in some cases.</p><p>If you are looking for more diversity by working with various firms in a variety of roles then you should consider working as a locum which will help to build your experience in a variety of sector areas.</p><p><strong>-       Experience and expertise (building a CV)</strong></p><p>When starting out in the legal sector it can be difficult to get a full time or part time permanent role to suit your lifestyle. There are ways to build up your own expertise and experience as a locum within a variety of law firms.</p><p>It can be daunting to run your own contractor business and especially when considering how your finances would work which is where an accounting for lawyers specialist will be able to help you. </p><p><strong>For more information about our services, contact Gorilla Accounting today to speak to one of our team of specialists. Gorilla Accounting works with all types of contract workers, which includes legal experts which is how we know exactly what we can do to help you to run your business more efficiently and effectively.</strong></p> Tue, 24 Jul 2018 12:30:00 +0100 https://gorillaaccounting.com/blog/accounting-for-lawyers Contracting through an Umbrella Company – How does it work? https://gorillaaccounting.com/blog/contractor-umbrella-ltd <p><strong>When becoming a contractor for the first time, it can be a daunting prospect for most as there are considerable levels of risk involved with leaving full-time employment and all of the security that comes with it.</strong></p><p>There are some major advantages to becoming a contractor over working as a full or part-time employee, such as:</p><p>-       Flexibility</p><p>-       Ability to pick and choose work</p><p>-       Variety of work</p><p>-       Income levels</p><p>-       Financial structure </p><p>Most people who are looking to explore the world of contract work will start out by using the services of an umbrella company to help with their new company accounts. This enables you to take on the new type of working without the commitment of becoming a limited company yourself, which can be costly and time-consuming to begin with.</p><h2>What is an Umbrella Company?</h2><p>This type of company is generally a specialist for contract workers who will also in most cases offer both types of operating structures, <a href="https://gorillaaccounting.com/resources/gorilla-guides/limited-or-umbrella/">Umbrella and Limited</a>. The main differences are the simple fact that the Umbrella acts as an agency more or less, thus will be responsible for everything from payroll, to dealing with your employer for timesheets etc.</p><p>You will also have a contract of employment with your Umbrella Company, which will outline the standard statuary rights of an employee. This is a lower risk way to get in to contract work without the risks of setting up your own limited company.</p><h2>How do I use an Umbrella Company?</h2><p>One of the main advantages of agreeing to a new contract using an Umbrella Company is the ability to start work almost immediately, which can be vital when you have a new contract to fulfil. The steps to getting started with a new Umbrella Company are simple and generally fast, such as:</p><ol><li>Select your Umbrella Company</li> <li>Provide details to your agency</li> <li>Check and sign contract</li> <li>Provide required information (e.g. Bank details, tax codes etc.)</li> </ol><p>You must always thoroughly check any paperwork or terms and conditions before you agree to sign any documentation to ensure that you are happy with any contractual agreement.</p><h2>Why should I use an Umbrella Company?</h2><p>There are several key advantages to working with and using the services of an Umbrella Company which are:</p><p>-       No commitment of setting up your own limited company</p><p>-       Can be easier to not have to deal with your own accounts, payroll, tax returns etc.</p><p>-       Someone with multiple shorter-term contracts will not have to commit to setting up a Limited Company</p><p>An Umbrella Company will technically become the employer for the contractors working with them. This means that your pay will be processed through the main company as with a standard employer which will include an element of holiday pay, tax payments and charges for using the Umbrella Company services.</p><h2>How to choose an Umbrella Company?</h2><p>When you start out as a new contract worker and start to speak to different agencies, you will generally find that they will recommend Contractor Umbrella Companies for you to work with. These companies will often be selected because of the quality of the work that they do and the simplicity of how they operate.</p><p>Similarly, to employers having a panel of preferred suppliers for recruiters, agencies will also generally have a similar list of Umbrella Companies that they work with. If you are recommended to work with a particular Contractor Umbrella Company, then you should always ask why they have been recommended.</p><p>Several of the key aspects of choosing an Umbrella Company are:</p><p>-       How quickly you get paid</p><p>-       What do they charge for their services</p><p>-       Do they have the right experience and expertise?</p><p>-       Is the service tax compliant?</p><p>One of the most important factors for anyone looking to set up as a new contractor and select an Umbrella Company to work with are ‘fees’. You should be aware of and comfortable with all the fees before you agree to start to work with a new Umbrella Company so investigate thoroughly at the beginning.</p><p>Gorilla Accounting is a specialist in working with contract workers and we offer a full range of services specially designed for you, which includes our Umbrella Company, <a href="https://gorillaaccounting.com/our-services/gorilla-payroll-umbrella-company-contractor-freelancer/">Gorilla Umbrella</a>. For more information about our Umbrella Company, you can call us to speak to one of our team of experts.</p> Tue, 24 Jul 2018 12:00:00 +0100 https://gorillaaccounting.com/blog/contractor-umbrella-ltd Freelance Accountancy Help – Hints and Tips https://gorillaaccounting.com/blog/freelance-accountancy-help <p><strong>The trend of freelance work is becoming more and more common as we seek more work independence and our working habits change thanks to remote working.</strong></p><p>It can be extremely beneficial to both the company and the individual to work on a freelance basis from a financial perspective and in terms of legal commitment. With more people taking this route, the question of Freelance accountancy help is becoming more relevant. </p><h2>How big is freelance work?</h2><p>The recent swing in the economy is driving different working behaviours as employers and workers seek more efficient ways of working. Currently, it is known that approximately 15% of the UK workforce is classed as self-employed, which can be put down to two key drivers which are:</p><p>-    <strong>   Digital working:</strong> It is now far easier to work from a remote location thanks to better broadband speeds and national coverage.</p><p>-      <strong> Remote software:</strong> Development of software packages now make it possible to access mainframe business software securely without the need to be based in the office you are working in</p><h2>How does this affect freelance accounting?</h2><p>Historically, an accountancy practice would require a significant amount of high-level corporate infrastructure, which is no longer the case. Traditionally, an accountant’s office would be seen to be filled with piles of paperwork and documentation, which would be required to perform day to day operations. Accountants were previously very traditional businesses who have only recently progressed with the use of cloud-based technology and adopted a more paperless approach.</p><p>The dawn of the age of technology in accounting means that Freelance accountancy help is more accessible than it has been previously and can be accessed in more places than ever before. The introduction of freelance accounting software has also provided a new route for home-based working which can still provide payroll support and produce high-level reports for management information.</p><h2>Who specialises in Freelance accountancy help? </h2><p>There are now an ever-growing number of companies who specialise in working solely with contract workers and will only offer Freelance accountancy help rather than that of a general accountancy or high street accountancy practice. You should be aware that there are a number of possible benefits to working with a Freelance accountancy help specialist. At Gorilla Accounting, we offer you the full package for just £85 + vat per month, saving you the trouble all year round. </p><p>Searching Google with terms such as ‘Freelance accountancy help’ will provide a number of results which can help you to identify, which of these firms are specialists and which are highly regarded from feedback and reviews. Your business is the most important thing to you so it is crucial to ensure that your finances are in the right hands to get the most from your income. </p><h2>How much does Freelance accountancy help cost?</h2><p>You will find that the cost of Freelance accountancy help services will vary from company to company depending on which services they offer, size of practice and whether they specialise in working with freelance workers/contractors. Most Freelance accountancy companies will have a set scale of fees that they charge so you just need to check which services you will need and speak to the relevant people to find out how much those services will be. </p><p>You should also make sure that you ask whether there will be any extra charges for bolt-on services or for one-off bits of work that you may need, such as speaking to HMRC on your behalf or dealing with queries.</p><p><strong>If you need more help or would like to speak to one of our team of highly trained experts at Gorilla Accounting then you should contact us on 0330 041 6088 for more information. We specialise in accountancy help so one of our team will help you to understand more about your needs and then explain what we can do to help you and your business to move forward.</strong></p> Sun, 22 Jul 2018 09:00:00 +0100 https://gorillaaccounting.com/blog/freelance-accountancy-help Accounting for engineering firms – Are there companies who specialise? https://gorillaaccounting.com/blog/accounting-engineering-firms <p><strong>There are companies including Gorilla Accounting who specialise in offering services to people working in and operating in certain areas of the construction industry such as engineering firms.</strong></p><p>It is important when working in a specialist industry sector such as engineering that you will need to deal with an accountancy practice who understands your needs as a contract worker or limited company.</p><p>There are some specific requirements you will need to fulfil when searching for accountancy services for engineering firms to ensure that you maximise your income and save yourself valuable time whilst avoiding potential financial pitfalls.</p><p>There are a number of major engineering sectors, which would require specialist services for accountancy, such as:</p><p>-       Aerospace engineering</p><p>-       Architectural engineering</p><p>-       Contracting engineering</p><p>-       Design engineering</p><p>-       Engineering Consultant</p><p>There are wide ranges of different types of engineering firms which require experienced accountancy practices who understand how your business works and offers services specifically designed towards engineering firms. There are currently more than 1.7 million individuals employed in the engineering industry in the UK, which clearly shows the size of this sector.</p><h2>How is accounting for engineering firms different?</h2><p>With the needs of the client in mind, it is important that an accountancy practice for an engineering firm understands the unique financial requirements of this type of organisation. The typical engineering firm will have one or a number of contract workers within the structure as well as potential for operating multiple sites. Accounting for engineering firms must include specific knowledge of:</p><p>-       Tax</p><p>-       IR35</p><p>-       Expenses</p><p>-       Year-end accounts</p><p>You need to ensure that your chosen partner for specialising in engineering firms will help you to streamline your business finances using the latest guidance and having access to state of the art accounting software.</p><p><strong>If you are seeking the services of an accountancy firm specialising in engineering, speak to one of our team of advisers who can help you to work out how to maximise your time and your income. Get in touch by using our <a href="https://gorillaaccounting.com/contact-us/general-enquiries/">Get in Touch form</a> or call 0330 024 0406. </strong></p> Fri, 13 Jul 2018 10:50:00 +0100 https://gorillaaccounting.com/blog/accounting-engineering-firms