Category: Tax

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Best Summer Books If You’re Looking for Business Inspiration

Looking for some summer reading? If you’re thinking about becoming self-employed, it’s crucial that you do as much research as possible before taking the leap – and this includes reading all you can about business. So, to help you on your journey to self-employment, we’re curating a list of start-up and business books that can both

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Most Frequently Asked Questions About Self-Employment

With so many people seeking to become self-employed, it’s normal that they have questions about owning their own business. As contractor accountants, we want to help you succeed, so we’re answering some questions you may have about becoming a sole trader or contractor in this article. Can You Start Freelancing Without Experience? While it’s true that

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The Pros and Cons of Being a Business Owner

There are countless benefits to owning your own business, but there’s also no denying that being a sole trader or contractor also comes with a lot of responsibilities and, of course, some downsides. If you’re on the fence about leaving full-time employment and setting up your own business, this article if for you. We’re going through

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All About R&D Tax Relief for SMEs

Research and development are a key part of many businesses and being able to claim relief can go a long way to help them save money. Whether you’re just starting out or own a well-established company, we can help you to know if you can claim R&D tax relief and what the benefits of doing so

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What Makes a Successful Freelancer or Contractor?

Besides the obligatory technical skills and knowledge, there are other things to take into account to become a successful freelancer or contractor. If you dream of going the self-employed route, then it’s important you’re aware of what it takes to change careers and achieve long-term success. As contractor accountants, we want to help you on your

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What You Need to Know About Benefits in Kind

You have a lot of responsibilities when you set up your own limited company, but you also become entitled to many benefits, some of which are not even cash-related. An example is benefits in kind, which both limited company directors and employees can receive from their employer. Benefits in kind is a broad term that can

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Thousands of Mini Umbrella Companies Found to Be Dodging Taxes

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

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A Guide to Tax Allowances and Reliefs

While being a freelancer or contractor in the UK comes with many tax obligations, you also have several tax allowances you can claim when self-employed. As contractor accountants, we’re always happy to help you figure out the reliefs you’re entitled to – and how to claim them. You can get in touch with us for specialist

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Start-Up Accounting 101: What You Need to Know as a Beginner

As a start-up, it can be a challenge knowing where to even begin when it comes to accounting. However, it’s an important skill to know when you set up a business. But you don’t have to tackle it all by yourself. As accountants for contractors, we offer small business accountancy services tailored to those who are

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Our Top Tips for Better Business Accounting

Managing your business financials is crucial, no matter whether you’re just starting out or own a big company, but there are many things to take into consideration that can make the process time-consuming – or a hassle. So, if you’re looking for contractor accountants to do this for you and help you grow your business, you’ve

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Sole Trader Tax Advice and Tips

If you’re a sole trader, being aware of your tax obligations is important, but so is knowing how to best maximise your tax-efficiency. As sole trader accountants, we help self-employed individuals to make the most of their business accounts – and ensure that they submit all returns correctly and on time. So, we’ve put together a

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