..after reaping rewards of HMRC’s Making Tax Digital law

A tech savvy accountancy firm has announced its ambitions to multiply in size after reaping the rewards of HMRC’s new Making Tax Digital laws.

Gorilla Accounting, based in Bolton, now has more than 3,300 clients and 50 members of staff after more than doubling its client base since HMRC launched Making Tax Digital in April 2019.

Making Tax Digital means that businesses and organisations are required to maintain digital accounting records as paper records no longer meet the requirements of Britain’s tax legislation.

Since the new tax year began earlier this month every single VAT registered business in Britain has to switch to MTD a total of more than 2.77m organisations.

Since it launched in 2016 Gorilla has gone on to become the most trusted accountancy firm on Trustpilot with a 4.9/5 rating from almost 1,000 client reviews as well as a five-star/excellent rating on Feefo.

In the past six years it has grown 17-fold from a team of three to a workforce of more than 50 at its offices in Lynstock Way in Bolton.

Now it has announced ambitions to treble its client base to more than 10,000 clients and double headcount to more than 100 over the next five years.

The firm specialises in handling the accounts of SMEs and well-paid self-employed professionals such as IT contractors, cyber security contractors, crypto investors, landlords, vets, pharmacists, and medical locums.

Gorilla is set to get another large boost in the next two years as in April 2024 in will become law for more than four million self-employed people as well as landlords to file digital tax returns

Company director, Daniel Fallows, said:

“We created Gorilla with a clear vision to make filing tax returns and filing company accounts, quicker, easier, less stuffy, and more transparent for the self-employed and SMEs, which is why we embraced digital so early on so we could become experts in digital accounting years before HMRC made it law.

“Building trust with our clients is the most important success factor for us and it's why we give each of our clients is helped by a dedicated, named accountant who they can build trust with. It is testament to the trust that our team has built that we now have more than 3,000 clients and we are the most trusted accounting firm on Trustpilot.

“Our growth plans are solid, credible and sustainable. We know how many new clients we need to bring in every month to treble our client base and we have been healthily exceeding our growth plans month-on-month for a while. We are fully focussed on delivering a better accountancy service for the self-employed and SMEs and scaling our business significantly over the next five years.”

This year Gorilla has been shortlisted as a finalist in the best large accountancy category at The Contracting Awards 2022 in London.