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Dormant Limited Company – everything you need to know
Dormant Companies: What Contractors and Freelancers with a UK Limited Company Need to Know When you’re running your limited company, there may be times when you’re not trading but want to keep your company active, or you may set one up [...]
Trivial Benefits
If you’re a limited Company director, you may want to gift your employees (or even yourself) from time to time from your business. Depending on the gift’s circumstances you might find that its cost isn’t classed as a taxable benefit. [...]
Limited Company Dividends
Part of running your Limited Company in a tax-efficient way that maximises your overall take-home pay is by understanding the role dividends play. Whilst we always advise our clients to discuss their accounts with their Client Director for tailored advice, [...]
Are you prepared for Making Tax Digital?
Making Tax Digital (MTD) is just around the corner so it’s time to start getting prepared. In this blog, we’ll cover the changes that are being made, when they come into effect and what you need to do to get [...]
Aardvark Accounting is FCSA accredited once again
Here at Aardvark Accounting we’re proud to announce that we’re The Freelancer and Contractor Services Association (FCSA) accredited for another year running. How do you become FCSA accredited? In order to become an accredited member, you must undergo an independent [...]
What Was Announced in the Spring Statement 2025?
Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families [...]
What Are the Key Dates Throughout the Financial Year for Limited Company Directors?
As a director of your Limited Company, you have legal responsibilities such as filing and submitting various forms and returns to Companies House and HMRC throughout the financial year. Failing to do so will result in penalties, fines and [...]
What Is the Employer’s National Insurance Rate Increasing To?
Back in October 2024, the UK government released the much-anticipated Autumn Budget where they announced a variety of changes affecting UK employers. One of the significant talking points from this was the adjustments to Employers National Insurance Contributions. The changes [...]
How Much Can You Claim for Using Your Home as an Office?
If you’re running a Limited Company and working from home, you may be wondering: How much can I claim for using my home as an office? In this blog we break down HMRC rules, tax-efficient options, and how to calculate [...]
What Are the 2025-26 Tax Year Rates and Allowances?
National Insurance & Tax Tax-free personal allowance - £12,570 Basic rate – 20% up to £37,700 Higher rate – 40% - from £37,701 to £125,140 Additional rate – 45% - above £125,140 National Insurance [...]
How to maximise your tax efficiency before tax yearend 2025
Allowable expenses Claim all of your allowable expenses Maximise your trivial benefit allowances for all directors Keep receipts 6 years after accounting period ISAs Use your ISA allowance £20,000 taxed at 0% per year [...]
Can you pay for your garden office through your Limited Company?
One of the benefits of running your own business is that you may be able to complete your work from any location you wish, which for many is to work from home. But if you don’t have the space to [...]