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
Becoming self-employed is a massive step but comes with a lot of advantages. As contractor accountants, we’ve previously looked into how people could become self-employed engineers, locum vets, IT contractors, and more, so we know a thing or two about how to take the leap. If becoming a sole trader or contractor is the right
The new tax year will start on 6 April 2021 and, with it, will come a few changes. Contractors and freelancers should stay on top of the latest industry news, so Gorilla Accounting are taking a look at what the new tax year brings and what it means for the self-employed. You can also find key
Being a sole trader comes with many perks, one of which being the ability to pay less tax. However, it can be difficult to know exactly how this can be achieved, which is where we come in. As self assessment tax return accountants, we’ve helped countless freelancers and contractors to reduce the amount of tax they
Rishi Sunak has now delivered the Spring Budget 2021, the first Budget in almost a year, after the last Autumn Budget was cancelled because of the pandemic. With 700,000 people having lost their jobs since March 2020 and the economy on its biggest fall in 200 years, Sunak introduced a number of measures designed to
Claims for the third Self-Employed Income Support Scheme (SEISS) grant have closed and the government will give details for the fourth grant on 3 March 2021. SEISS is meant to support self-employed individuals struggling because of the pandemic and has made a difference in the lives of many freelancers and contractors. However, the government has also
Becoming self-employed takes a lot of work and dedication, but there are also many benefits to being a sole trader. From financial advantages to taking control of your day-to-day, Gorilla Accounting is looking into all the reasons you should consider becoming your own boss. And, as sole trader accountants, we’re on hand to answer any
The stamp duty holiday, which was set to end in March 2021, is set to be extended by three months and will now come run through till the end of June. The news of an extension comes just a week before Chancellor Rishi Sunak’s budget, where he will set out a post-Covid recovery plan for
If you’re thinking of becoming an engineering contractor, there are some things you should keep in mind when taking the leap, such as the best-operating structure for your business or even whether self-employment is the right step for your career. As contractor accountants, we can help you figure these things out, so take a look at
