Category: News

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How to Determine IR35 Status

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

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VAT MOSS: Selling Digital Services to the EU

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

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Pensions: A Company Director’s Best Friend

  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

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Top Money-Saving Tips to Help Contractors Save for Retirement

  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

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How to Become a Self-Employed Social Media Entrepreneur

  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

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What’s Changing in the New Tax Year

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

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How to Pay Less Tax as a Sole Trader

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

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Spring Budget 2021: What You Need to Know

  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

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Advantages of Being Self-Employed

  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

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Property Money

Stamp Duty Holiday Set To Be Extended Until End Of June

  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

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A Guide to Becoming a Self-Employed Engineer

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

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