Gorilla Accounting

With a new government in place, self-employed workers are anticipating changes that may impact their businesses. This week, Chancellor Rachel Reeves announced the date as October 30th, 2024. 🍁

As the first Labour budget since 2010, and are eager to see what's coming.👀

In this post we'll discuss everything you need to know ahead of time and how a Limited Company can benefit you!🦍

There are over 3 million in the UK, with nearly half aged 50 or older. Many of these individuals are financially stable and seeking new challenges before retirement, making the sole trader structure appealing due to its simplicity and control over workload and hours.

Sole trader status offers quick setup and low administrative burdens. In this post, we’ll explore the benefits of this business structure and why it’s a popular choice for start-ups.💡

For a more detailed look, copythe link below:

https://gorillaaccounting.com/blog/the-advantages-of-sole-trader-businesses/

🔥 Run Fast, Faster! 🔥

For a limited time, refer a friend and earn up to £300.

Be fast 👀… don't miss out!

https://gorillaaccounting.com/refer-a-friend/

As we kick off August, the Bank of England made a significant decision to cut the interest rate by 0.25%, bringing it down to 5% in the first cut since 2020. 😮

After three years of high inflation and economic uncertainty, it aims to stimulate economic growth and provide some much needed relief to borrowers and businesses up and down the UK. 💪

But what does this mean for self-employed workers and small businesses? As expert small business accountants, we work closely with our clients to provide accountancy services but also make sure they’re up to date with any changes that may affect them.💸

🎉 In honour of the and , we're raising our referral fee to up to £300! Take advantage of this limited-time offer! Spread the word and earn big!🏅

🎉 To celebrate the and , we're upping our referral fee to £300! 🏅 Don't miss out on this limited-time offer! Spread the word and earn big! 💰

Buy-To-Let Accountants: How Can They Help Landlords?🏘

The buy-to-let property market is a popular and attractive investment opportunity for people looking to move into self-employment full-time as a landlord, or for people looking to generate extra income by renting out a property as a side hustle whilst working a full-time job or in retirement.

But over time being a buy-to-let landlord has become more challenging due to the squeeze of tighter regulations and the prevailing financial and economic conditions. This is the case whether you have a single property or a large portfolio. In this post we’ll look at the challenges landlords are facing and how appointing a buy-to-let accountant can help to navigate them.

To find answers to more FAQ's, visit the Knowledge Lab on our website or get in touch!🦍📊

We're thrilled to receive your positive feedback on Trustpilot!🌟

Your reviews help us continue providing top-notch services.🦍

Have you shared your experience yet? We'd love to hear from you!

🔔THE BENEFITS OF WORKING WITH A TAX ACCOUNTANT!📊

Self-employed people are generally very busy with multiple projects on the go at once, deadlines to meet, client management responsibilities, trying to win new contracts, and self-employment necessitates an increased admin workload too.

So having to wrestle with your tax obligations on top of your normal daily work and running your business is far from ideal and can be very challenging.

But working with a tax accountant alleviates the challenges and mitigates the risks of handling your own tax affairs. In this post we’ll break down the key benefits of engaging a tax accountant.

🏆FINAL REMINDER!🏆

Don't miss out on our limited-time offer. Act now before the final whistle blows!

Running a small business in the UK can be a rewarding yet challenging endeavour. With the right strategies and a proactive approach, you can navigate the complexities and set your business on the path to success, no matter what your industry or set up is like. Here are some essential tips to help your small business thrive!

Always on the ball...⚽️ Visit our to see more of our amazing 5* reviews!🦍🌟

Our One month FREE offer still stands with England making it through to the Quarter Final!⚽🦍

ENGLAND VS SWITZERLAND

SATURDAY-6TH JULY-5PM

If you need to submit a self-assessment tax return, you have the option of completing a traditional SA100 paper form or submitting an online tax return via the Government portal.

Over 97% of self-assessment tax returns are submitted via the online tax return portal, and there are various advantages of completing your self-assessment tax return online over a paper tax return which we’ll cover in this post. But first, let’s start with some basics.

It feels like a long time since the last General Election in December 2019, and with good reason. A lot has happened since then including the global COVID pandemic, lockdowns, England lost the final of the Euro 2020 tournament (hopefully they go one better in Euro 2024!), the cost of living crisis and significant economic and geopolitical turmoil in the world.

The Conservative Party swept to victory and after a turbulent 5 years with 3 different Prime Ministers, the UK public will once again head to the polls on July 4th to cast their votes to decide which party will lead the country forwards.

Voting is a very personal thing and we all have our own reasons for voting the way we do. Many people will base their votes on economic factors, many on personal values and many on key issues such as the environment and climate change, education or healthcare.

In this post we’ll examine the stances and policies of the main parties that could shape the country over the coming years, including how they could impact self-employed people, across a selection of key policy areas – the economy, tax, pensions and housing.

In celebration of the 2024 UEFA EURO Championships, starting in Germany on Friday, June 14th, we are excited to announce a competition! For every successful referral you make, your name will be entered into a draw. At the end of the 2024 Euros, one name will be picked and will have the choice between an Apple or Samsung Smart Watch.⌚

Also, our Refer a Friend scheme is uncapped so you can refer as many people as you like. You’ll be entered into our competition and we'll pay you up to £200 for every referral you make once they've been with us for 2 months. This will be paid to your limited company, so get referring today!

https://gorillaaccounting.com/refer-a-friend/

In the spirit of the 2024 EURO Championship we want to give you a special offer for limited time only! We'll run this offer until the last home nation is out of the competition.

Quote "Euro 2024" to get your first month FREE!⚽

If you’d like to take advantage of this limited time only offer, please visit the link below.

https://gorillaaccounting.com/limited-company-application/

Using FreeAgent Accountants to organise your finances🗯

Using FreeAgent can transform your accounting process. As a cloud-based accounting software designed specifically for small businesses, freelancers, and self-employed individuals, it can revolutionise your bookkeeping and make early tax submission easier than ever.

At Gorilla Accounting, all of our packages come with FreeAgent included as standard, whether you’re a freelancer, sole trader, landlord or small business. Our expert accountants have access to your account so together, there is no paperwork that can be lost or confused. It’s fully digital, making your tax submissions fully MTD-compliant.

Take a look at some of our highlights as FreeAgent accountants that we think you’ll love too!

What Are The Main Types of Contractors Insurance?👀

There’s a wide range of contractors insurance policies available. The type and level of cover needed will depend on the type of work you do and the risks you face, as well as the financial exposure you’re prepared to face. Contractors will often combine multiple different types of contractor insurance cover to adequately protect themselves.

Swipe to find out about the main types of Contractors Insurance!

Contractor insurance can be confusing as there are lots of different types of cover, not to mention many different providers! The type of cover you need is dependent on the type of work that you do, as well as the level of financial risk you’re comfortable with facing. It’s important to assess the risks that you face and also any insurance requirements that your clients may have, such as having professional indemnity cover in place.

The best way to ensure that you get the right contractor insurance cover at the right price is to engage an expert, and this is why we have partnered with Qdos.

If you’d like to discuss contractor insurance or our accounting service with an expert, please can 0330 024 0406 or request a callback.

Another fantastic 5* review from an extremely satisfied client! 🦍 💚

Check out our other Trustpilot reviews to see why you should choose Gorilla!

Gorilla Guide: How to set up a Limited Company🦍🏦

Swipe and let us take you step-by-step through each action you should take when setting up your Limited Company!

If you’re looking to take the buy-to-let property market by storm, choosing the right location is crucial. Whether you’re looking to expand your portfolio, or you’re a newcomer to the real estate market, choosing the perfect buy-to-let location will improve your business chances.🏠

The study explored 50 of the biggest cities to find the best buy-to-let locations in the UK, taking into account average property prices, rental costs and letting agent fees, but also prime locations known for their culture scene and business opportunities, overall, to determine the net yield and potential returns on property investment.

Swipe to find out which 3 cities were joint first place! ✨🦍

🦍 GORILLA ARE HIRING! 🦍

Calling all accountants 📣

If you would like to join our growing team based in Bolton and are a qualified accountant or working towards a qualification then get in touch!

Email your CV to [email protected] or drop us a message with any queries ✉

Gorilla Accounting have partnered with Cleerly to provide specialist mortgages tailored for Contractors, Freelancers and the Self-Employed.

In this post we’ll break down how to increase your chances of securing a Contractor Mortgage!👀

Gorilla's 4 Key Landlord Self-Assessment Hints and Tips!🏠

⌚ Start early

📘 Be fastidious with bookkeeping

⚖ Keep an eye out for Legislative changes

💼 Get professional support

For more information be sure to check out our latest blog "A Guide to Landlord Self-Assessment"

What are the benefits of an IR35 Assessments?💭

Over time, IR35 legislation has become more complex and an accurate determination of IR35 status is crucial for contractors to ensure they can operate as tax-efficiently as possible, mitigate financial risk and remain compliant with IR35 legislation.

In this post we'll cover the main benefits of IR35 assessments for contractors and how Gorilla and Qdos Contractor can help!

Are you a Contractor? Here are our top tips for 2024!

🔋 Be prepared

💻 Keep on top of your skills

📅 Get networking

💼 Use LinkedIn

For more info on Contracting and using an Accounting Firm this Tax Year check out our recent blog:

https://gorillaaccounting.com/blog/contracting-using-an-accounting-firm-this-tax-year/

The oil and gas industry is a dynamic, challenging and lucrative sector to work in. In most cases you’ll be working on-site, whether that’s on an offshore rig or a refinery in the middle-East, with potentially unsociable working hours. A lot of travelling can also be involved with extended periods living in temporary accommodation. For many this is a positive as you get to travel the world as part of your work, but it also presents some challenges such as finding the time to manage your business finances.

In this post we will show the potential challenges that Oil and Gas contractors face and how Gorilla can help! 🦍💚

Some of our favourite Trustpilot Reviews! We love seeing fantastic 5* reviews from extremely satisfied clients.🦍💚