Category: Tax

Side hustle tax

Your Side Hustle Tax & HMRC: Everything you should know

Whenever you log into Facebook or scroll through LinkedIn, it seems there’s always someone new asking you to ‘like’ their new page or ‘share’ their new hustle. Having a side hustle in the UK has become increasingly popular as people seek to diversify their income and pursue their passions. With the rise of different functions on

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contractor working from home

How to Pay Less Taxes as a Contractor

Did you know that limited company owners can (legally) reduce the amount of tax they pay? At Gorilla Accounting, we’re all about helping you to maximise your profits, so we know everything there is to know about tax reliefs, allowances, and more. If you think you’re paying too much tax, take a look at the different

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business owner smiling

Starting Your Own Business vs. Employment

Should you leave full-time employment behind and start your own business? There are pros and cons to both options, and, in this article, we’re taking a look at what they are – and whether you’re ready to dive into self-employment. As contractor accountants, we can help you in your sole trader, locum or limited company journey.

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freelance florist

Advantages and Disadvantages of Being a Small Business Owner

There are many pros and cons to being a small business owner, and we believe it’s important that you’re aware of them before taking the leap into self-employment. Becoming your own boss – making your own rules, having your own schedule, doing only the work you love – is an attractive possibility, and we understand that

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freelancer woman working

How to Pay Taxes as a Freelancer

If you’re fresh off full-time employment and want to become a freelancer, one of the things you may be unsure about is how to pay taxes – and which taxes you need to pay in the first place. So, in this article, we’ll go through your legal obligations, including income tax, National Insurance contributions and self-assessment,

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man working with crypto

Cryptocurrency: Tax Implications You Should Be Aware Of

Cryptocurrency is a relatively new and fast-moving sector, which means that tax guidance regarding crypto keeps developing and information about it can quickly become dated. Case in point, HMRC will now have access to key information about people who use Coinbase, a cryptocurrency exchange platform, to deal in crypto assets. We suspect that other platforms will

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buying a house

What Buy-to-Let Landlords Should Know in 2022 (and Beyond)

At Gorilla Accounting, we provide specialised advice for all our clients, no matter which sector they work in. To do this, we make sure we’re aware of all changes to UK employment and tax legislation, as well as the latest industry news, which includes the latest update to the property sector. So, as buy-to-let landlords, we

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Female Owner Of Gift Store With Digital Tablet

What Does an Accountant do for a Small Business?

If you’re just starting out or already run a small business, you may believe you don’t need an accountant and want to do everything yourself instead – however, there are many reasons to hire someone to help you. In this article, we’ll look at the various reasons why you should have an accountant from the get-go

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business owner in coffee shop

Starting a Small Business: What You Need to Know

Starting a small business can be daunting, as there are so many things to consider that you may feel overwhelmed. From setting up a limited company to raising capital and learning to promote your business, starting a venture requires time and money – and a lot of research. Starting a small business comes with unique challenges,

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self employed driver

Self-Employed Drivers Want Employment Rights from Amazon

If the group claim launched by law firm Leigh Day is successful, retail giant Amazon could be forced to pay £140 million in compensation to thousands of drivers who deliver parcels on their behalf. Amazon’s drivers, who currently deliver as ‘delivery service partners’, are classed as self-employed and, as a result, are not entitled to employee

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self employed woman

The Benefits of Business Banking When You’re Self Employed

Managing your finances as a contractor, sole trader of locum can be confusing; there’s a lot of conflicting advice available and many questions that need answering when it comes to managing your business’ finance. You’ll want to make sure you’re making the right choices for yourself and your business, and, if you’re using your personal account

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Coins stack and wood blocks number 2022.

New Year, New Me: Accounting Resolutions for 2022

The year is drawing to a close and, here at Gorilla Accounting, we’re taking this time to look at what 2022 will bring – and what resolutions contractors and sole traders should set for the next twelve months! The start of a new year offers the chance to take stock of your business and think about

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