A guide to dividends and what you need to know as a Limited Company contractor
For Limited Company contractors, dividends are a fantastic way to maximise your take home pay and increase your tax-efficiency, but getting your head around them can be a little tricky. Whilst it’s always a good idea to have the support [...]
IR35 – glossary of terms
With the IR35 Private Sector changes being postponed to April 2021, now is the perfect time to brush up on your IR35 terminology, to ensure you’re ready to hit the ground running when the time comes. We’ve put together this [...]
Coronavirus business support measures September 2020
Rishi Sunak today announced that the government will cover up to two thirds of workers’ wages if their hours have been reduced due to the coronavirus pandemic. It is hoped that the ‘Jobs Support Scheme’ will help to reduce the [...]
What would the rumoured Corporation Tax hike to 24% cost your company?
According to some media reports, the Chancellor is considering raising Corporation Tax from 19% to 24%, but what would this mean for Limited Company contractors? In this blog we investigate the affect his decision will have, and how Aardvark Accounting [...]
Economy rebuild measures announced
The government today announced what they refer to as their next step in rebuilding the economy. Their focus is very much around preventing unemployment whilst gradually stopping the furlough scheme, boosting the hospitality sector and kick starting the housing market. [...]
How you can increase your chances of getting a mortgage as a contractor
Thankfully, gone are the days where banks, building societies and mortgage lenders would flatly turn down a contractor for a mortgage, based on the misconception that it’s risky to lend to someone who is self-employed. As contracting has become mainstream, [...]
Tax Planning for 2020-2021
So it’s a new tax year, however a lot of the rates will be very familiar to us for 2020/21. In this article, we show you how this works in practical terms and how to be as tax efficient as [...]
Coronavirus business support – FAQ
With Covid-19 (Coronavirus) having a massive impact on businesses across the UK, it's understandable that our Limited Company contractors are keen to understand the business support measures that have been announced by the Government. We've created a guide to all [...]
Can I furlough myself as a Limited Company Contractor?
Under the Government’s Coronavirus business support measures announced this week, it has been indicated that some Limited Company contractors may be covered by the ‘Job retention scheme’ and therefore can furlough themselves if unable to work due to Covid-19. There [...]
Coronavirus business support measures explained
This guide covers all of the business support measures announced by Rishi Sunak in March and is being updated as and when new initiatives are launched or changes are made to existing ones. Please bookmark this page to keep up [...]
Sunak delivers Budget to meet ‘challenging times’
Chancellor Rishi Sunak delivered his first Budget, and the first since the UK’s departure from the European Union, against the backdrop of the coronavirus outbreak. The Chancellor announced a £30 billion stimulus package to support the economy through coronavirus contagion [...]
Umbrella FCSA accreditation
We’re delighted to announce that our sister company SG Umbrella have been added to the accredited members list of The Freelancer and Contractor Services Association (FCSA). This is great news as the use of SG Umbrella is included in our [...]
Trivial Benefits
There will be occasions when a company may wish to provide small gifts to employees or directors. In this guide, we will explain what can be claimed and how much. What are the changes? Since 6 April 2016 the [...]
IR35 in the private sector: draft legislation
IR35 in the private sector – where do we currently stand with the changes? We’re starting to get asked more “what is going to happen from April 2020?”… Now that the draft legislation has been issued, we can start to [...]
Tax Planning for 2019-2020
So, it’s a new tax year and new increased rates for 2019/20. In this article, we show you how this works in practical terms.
Do you need to hire an accountant as a contractor?
Of all the professionals you are likely to encounter as a limited company contractor, your accountant is likely to be the most important.
Detailed Autumn Budget Report 2017
The 2017 Autumn Budget represents the first step in the government's new Budget regime.
Flat Rate VAT changes – April 2017
So, it seems that there’s been a u-turn on the plan to increase National Insurance, following the recent Spring Budget 2017.
Budget Day March 2017
I have to admit as Hammond started to deliver his Budget Speech, I was anxiously waiting to see what announcements he would make that would impact the contractor and small business industry. However it seems I need not worry this [...]
Setting up a Limited Company
Are you thinking of setting up a Limited company, and you're not sure where to start? No problem, Aardvark Accounting can help. This guide will help you to understand what a Limited Company is and what setting one up [...]