A Guide to Filling Out & Understanding Your 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
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
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
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
Contractor and Freelance Money Management Tips As a freelancer or sole trader, finding ways to keep costs down and to save money is essential, whether you’re just starting out or already have a well-established business. It can be a challenge to stay on top of your cash flow as you have to do everything yourself while
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
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
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.
IR35 is still on everyone’s minds and for good reason. The changes to the legislation, which came into effect on 6th April 2021, were previously postponed due to the pandemic and now impact medium to large companies in the private sector. Determining your IR35 status is no longer just your responsibility. In fact, the end client
With Brexit, selling products and services has become more difficult, including online. There are more admin tasks involved and paying taxes has become a more complex affair because of this as well. As your contractor accountants, we like to stay on top of the latest news, and Brexit (and the changes it brought) still remains a
When you’re running your own company, you quickly learn how to get the most from your budget. Eeking out a higher margin. Maximising your advertising spend. Tweaking dividends vs. salary. Each small decision has big consequences for your bottom line. You do everything you can to maximise your company’s return. The question is, why do
As a contractor, saving money is a priority. Finding ways to cut costs and to keep expenses down is a must for limited company owners, no matter whether you’ve just set up a company or you’ve been trading for many years. Staying on top of your cash flow, figuring out ways to optimise it and
