Focusing on YOU – practicing self-care for small business owners when running your own business
Running your own business and trying to make it a success is hard work, let alone without the added stress of everyday living, running a home, looking after your family and pets, staying fit and healthy, seeing friends…. The list [...]
Aardvark Accounting is now FCSA accredited
Here at Aardvark Accounting we’re proud to announce that we’re now an accredited member of The Freelancer and Contractor Services Association (FCSA). In order to become an accredited member, you must undergo an independent and stringent assessment of all of [...]
Limited Company director’s key dates throughout the financial year
Your responsibilities as a Limited Company director and what you need to file with Companies House and HMRC Directors of Limited Companies have legal responsibilities, such as filing/submitting various forms and returns to Companies House and HMRC throughout the [...]
Limited Company dividends guide
Understanding dividends as a Limited Company director can help you increase your tax efficiency and maximise your take-home pay. Whilst we recommend speaking to your dedicated accountant for specific advice, knowing a little bit about dividends yourself can be handy. [...]
2024-25 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 [...]
The Budget 2024
Chancellor Jeremy Hunt has just finished delivering his Spring Budget 2024, in which he said the Conservatives have a plan to 'grow the economy'. He confidently stated that his Budget will "unleash people power and put this country back [...]
How to maximise your tax efficiency before tax yearend 5 April 2024
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 [...]
HMRC’s Crypto tax nudge letters
Crypto’s popularity has grown beyond anyone’s expectations in the past few years, and with more and more people investing or considering it, it’s worth understanding the accompanying tax implications, and what you could owe. In this blog we take a [...]
Salary vs dividends – what’s the perfect mixture for you?
One of the benefits of running a Limited Company is that you’re able to pay yourself a mixture of salary plus dividends in order to optimise your tax efficiency. The optimal amounts you pay will be determined by a number [...]
Do you owe tax on cryptocurrency in the UK?
If you currently have cryptoassets, or you've dealt with cryptoassets in the past, there's a good chance you owe tax on those assets. For some time, there was confusion about how crypto was taxed, but HMRC’s position is now much [...]
Can my Limited Company contribute to my pension?
When you’re busy working you’ll want to know that your future is taking care of, usually in the form of a pension. But can you contribute to a personal pension from a Limited Company? In this blog we explore just that, to [...]
The Autumn Statement 2023
Chancellor Jeremy Hunt has just finished delivering his Autumn Statement 2023, which he’s hailed a ‘huge boost’ for British competitiveness in his statement for growth. A series of measures were announced with the ‘overall impact of £20bn a year [...]
Can you claim your festive party as a business expense?
It’s that time of year again when things start to get festive and many Limited Company directors start planning their annual ‘do’. HMRC are somewhat generous when it comes to events, as staff entertainment is considered an allowable business expense, [...]
What business records do you need to keep when running your own business?
When starting your own business, you are required to meet certain expectations set by HMRC when it comes to record keeping, whether this be as a sole trader, partnership or limited company. These requirements can sometimes be confusing to [...]
Team Aardvark completed their sky dive for Dorset Mind
Last year the Aardvark Accounting team took on the 3-Peaks Challenge and raised over £2,500 for a great cause. This year we set our sights even higher (15,000ft higher to be exact!), and aimed to raise £3,000 for a charity [...]
Business Bank Account FAQs
What’s the difference between my personal bank account and a business bank account? When you set up a business it’s a great idea to get a separate business bank account set up. Your business and personal affairs, including finances, [...]
Reducing your Corporation Tax by making charitable donations through your Limited Company
Donating to charity is a great way to support causes that matter to you. But did you know that by donating through a Limited Company, it can claim tax benefits on the donation? In this blog, we outline how [...]
How much tax can you expect to pay on electric cars?
Electric cars were once a thing of the future, and it was rare to see one out and about on our roads. But now, more and more people are purchasing them, with charging points being the norm in supermarket [...]
Aardvark Accounting is winner of the Best Contractor Accountancy Award 2023
The Contracting Awards for the contractor accountants is what The Oscars are to Hollywood’s A-listers, so you can imagine just how excited we were to be nominated at this year’s awards, let alone WIN! We’re so pleased to be announced [...]
The Spring Budget 2023
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Driving business investment The Chancellor announced a £27 billion [...]