With the cost of living crisis and inflation being in focus for both individuals and small businesses, there was a keen interest in what Rishi Sunak would announce in the latest Spring budget statement. In recent years the Spring statement has been mainly focused on updating on the UK economy. However, there was an expectation that
A good accountant will always deliver – in many ways. As a contractor, you may think you’re too busy to consider switching to a new accountant, especially if you’ve used your current accountant for many years and they’re a part and parcel of your business set-up. It can feel easier to simply carry on with an
At Gorilla Accounting, we love to keep our clients up to date with the latest news from the accountancy world. It’s been a busy couple of months at Gorilla, what with a new year starting, tax return deadlines and many clients getting ready for the new tax year. Three huge stories from the world of accountancy
If you’re a contractor or freelancer, you’ll already know that your client contracts have a fixed start and end date. If your fixed-term contract is coming to an end, there are a couple of things that can happen. First, if your client no longer requires your services, you’ll part ways when the contract ends, and it
There is so much to think about when running your own business, including important dates to keep track of – and there are a lot of them. When you’re a freelancer or a contractor, you need to be aware of these tax dates and deadlines, so that you don’t run into problems with HMRC, which can
Accounting firms deal with a high volume of financial and sensitive information every day. Vigilance is required to ensure that systems are updated, security policies are robust, and client information is handled with care. The nature of accounting makes both large and small firms a desirable target for cybercriminals, as hackers try to gain access to
Being a contractor can offer you a wealth of benefits, from having flexible working hours and being your own boss to being able to charge more for your services – however, contracting is not without its challenges. There are many issues and obstacles you’ll face along the way, so you need to be prepared to tackle
IR35 continues to be a topic of discussion for many self-employed individuals, especially after the new changes were implemented in April 2021. Many contractors worry about this issue, which can be complex to understand and follow, so we understand if this legislation is also playing on your mind. We offer expert IR35 advice at Gorilla Accounting,
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
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 –
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
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
