How to maximise your tax efficiency before tax yearend 2026
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 [...]
How Much Can Limited Company Directors Claim for Working from Home
When working from home you can expect to incur additional expenses, but did you know you’re able to claim tax relief on certain expenses if you’re using part of your home as your office? This blog explores what your [...]
How Associated Companies Impact Corporation Tax for Your Trading Company
When running multiple trading companies, it’s important that you understand the concept of ‘associated companies’. HMRC uses the rules set out for associated companies to determine the small profits rate of Corporation Tax, so this ultimately means that the [...]
Business Asset Disposal Relief (BADR): What You Need to Know
It’s important to understand what Business Asset Disposal Relief (BADR) is, how it works, and what role it must play if you’re preparing to close your company. Previously known as Entrepreneurs’ Relief, BADR can significantly reduce the amount of [...]
What to Do If You Can’t Pay HMRC: Expert Advice for UK Taxpayers
It’s normal for everyone to experience uncertainty surrounding their finances from time-to-time, and that in particular this time of year with the festive period and tax return season right around the corner, can make those worries seem even greater. [...]
ID Verification at Companies House – what you need to know
From November 18th, 2025, Companies House will be enforcing mandatory identity verification for all Limited Company directors, Persons with Significant Control (PSCs), and anyone who files on behalf of the company. This change, under the Economic Crime and Corporate Transparency [...]
VAT schemes – which one is right for you?
If you’re running a limited company and are close to the VAT registration threshold or are already VAT registered, choosing the right VAT scheme is essential. The VAT scheme you select can directly impact your cash flow, tax efficiency, and [...]
What do your Limited Company’s Annual Accounts show you?
As a Limited Company director, submitting Annual Accounts is a legal requirement, but these financial statements reveal much more than just figures for HMRC and Companies House. Your annual accounts provide key insights into your company’s financial health, profitability, and [...]
The tax benefits of making pension contributions through your Limited Company
As a limited company director, you’ll no doubt be keen on finding ways to reduce your tax bill while planning for your future. One of the most effective strategies is making pension contributions directly through your business. Unlike salaries or [...]
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, [...]
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 [...]
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 [...]
Are you eligible for free childcare whilst working through your Limited Company?
If you ask any parent what their biggest monthly expenses are, childcare will most likely appear near the top of that list! For many, childcare costs are second only to mortgage/rent payments. It may seem like these massive costs are [...]
Is closing your company with MVL the right option for you?
When it comes to closing your Limited Company you may be wondering what the process is, how much tax you’ll end up paying and how your accountant can help. In this blog we take a closer look at company [...]
Introducing FreeAgent – the online accounting portal that’s Aardvark tried, tested and approved!
Here at Aardvark we’re really proud to include FreeAgent in both our Limited Company and Sole Trader monthly packages, as, in our professional opinion, it’s the best online accounting software out there! So if you’re new to running your own [...]
How Much Tax Can You Expect to Pay on an Electric Car, and What Are the Differences Between Leasing and Hire Purchase?
If you run your own Limited Company and are considering an electric car, do you know the taxable implications depending on the choices you make? In this blog we take a closer look at the tax you can expect to [...]