Category: News

Calculating finances for a start up business

Expenses for a Start-Up Business

Starting a business is an exciting endeavour. You’re filled with an abundance of ideas, potential opportunities, and anticipating what the future will bring. However, it also comes with a lot of stress. There’s so much to think about – insurance, premises, staff, stock, and the rest. Often you find that it is more expected than you

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How to Make Sure Your SME Business is Viable

  Before starting a business, it’s important to ensure you have a viable model once you set it up, you want it to keep going even during hard times. The most important thing you can do is create a complete plan before you start trading since it helps you to improve your chances of success –

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Changing Accountants – Is Now The Right Time?

Many self-employed individuals decide to change accountants in April when the tax year ends and the new one begins or if operating via a limited company when the company financial period ends. Others also opt to change accountants in the New Year.  There are several benefits to doing this but, while contractors, freelancers and small business

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Autumn Budget 2021: How Does It Affect Me?

A positive step forward for economic recovery! Chancellor Rishi Sunak has just announced the Autumn Budget 2021. He opened his speech by saying that the budget will “deliver a stronger economy for the British people” and support them with the cost of living. There weren’t massive surprises in the announcement. In fact, the budget focused on

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Your Guide to Self-Assessment Tax Returns

Your self-assessment is one of the most important things to take into account when you become self-employed. It’s critical that the return is filled out correctly and submitted on time, as there are penalties otherwise, so you’ll want to get it right the first time around. As contractor accountants with years of experience, we can help.

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What to Look for When Choosing Contractor Accountants

Once you have decided the best thing for your career is to become self-employed, it’s time to choose a specialist accountant who understands your needs and can help you manage your tax affairs efficiently. The right accountant can be an incredibly valuable asset since they will save you time and money, be available to answer any

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Contractors Are Seeking an End to Zero Rights Employment

Contractors are concerned about their current situation, particularly the zero rights they have under off-payroll rules, meaning they’re not entitled to a minimum number of paid holiday days or to maternity pay, while still having to pay employment tax. They’re now calling on the government to change this. Two-thirds of contractors are now inside IR35 due

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Meet the Team – Part 1

Gorilla Accounting specialises in accountancy for contractors, freelancers, SMEs and locums, so it’s fair to say we work hard to help our clients grow their business – and make the most of tax season. However, we also have a lot of fun in the office. Our team is made up of a unique group of individuals

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Intellectual Property Rights, Copyright, Patent or Trademark Infringement

Is Trademarking Your Business a Good Idea?

Registering a trademark may seem like a hassle but it has many benefits that shouldn’t be dismissed. If you’re setting up a limited company, trademarking can be a good way to protect your brand and your name, which is sure to give you peace of mind as you go about your day. Given the protections offered

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Thousands of Mini Umbrella Companies Found to Be Dodging Taxes

As contractor accountants, Gorilla Accounting is always looking to stay on top of all contracting and freelancing news, and this includes the latest investigation by the BBC. Radio 4’s File on 4 has reported nearly 50,000 mini umbrella companies created in the last few years with the goal of evading the taxes and National Insurance Contributions

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Freelance Earnings Are Back to Pre-Pandemic Levels

We’re contractor accountants, so we like to stay up to date with the latest self-employment news – this includes the recent figures showing that freelance earnings and confidence have bounced back to pre-pandemic levels. According to IPSE and PeoplePerHour, earnings have risen in the first quarter of 2021, signifying that the sector is on the up.

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