Borrowing money from your Limited Company
There may be times when you’ll need to borrow money from your Limited Company, but how do you go about doing so and what are the associated tax risks from doing so? Plus, is there anything you need to be [...]
Top tips on how to reduce your energy consumption when working from home
It’s an expensive time to work and live in the UK, even more so if you contract from your home. With bills already increasing to an alarming rate and even more rises set to be announced in the autumn, now [...]
Aardvark Accounting’s top 7 tips to reduce your income tax bill in 2022 as a Limited Company contractor
We’re fast approaching the middle of 2022 and the tax year is now in full swing, so now is the best time to take stock of your allowances, and how making them work for you could mean more money in [...]
The Spring Statement 2022 – how have Limited Company contractors been affected?
In this blog our MD, Daniel Mepham, shares his thoughts from the March 2022 Spring Statement. A much anticipated Spring Statement was delivered on March 23rd by Chancellor, Rishi Sunak against a backdrop of war in Ukraine, post pandemic super [...]
Tax planning for 2022/23 – looking ahead to make the most from your contractor pay
Tax planning for 2022/23 To get the most from a Limited Company, it’s worth looking ahead to the coming year and planning accordingly. But what does this mean for contractors, and what do you need to look out for? [...]
Your tax year-end checklist 2022
The end of the current tax year is fast approaching, so now is the perfect time to take stock of your unused allowances to reduce your 2021/22 tax bill. So what should you be considering to ensure you’re contractor take [...]
Electric cars – how much tax can you expect to pay?
The ban on petrol and diesel cars will come into force in 2030, and with more and more electric cars on the roads, they’re becoming an ever increasingly popular mode of transportation. So if you’re looking to purchase a car [...]
Can you claim your festive party expenses?
Who doesn’t enjoy a festive party, and following on from this past year we’ve all had, the team here at Aardvark believe that everyone deserves to let their hair down and have a good time. So are you able to [...]
The top 4 tax benefits from adopting a green approach to running your company
With the recent Cop26 climate summit, the environment is currently a hot topic, and sadly not for all the right reasons…So what can you be doing to grow your business but in an environmentally friendly way? Our blog takes a [...]
A Limited Company contractor’s guide to the Autumn Budget 2021
Autumn Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Main Budget proposals Tax [...]
The super-deduction tax relief, explained
As a Limited Company contractor you’ll no doubt find yourself at some point purchasing equipment that’ll enable you to complete your work, and HMRC kindly allow you to offset part of the expenditure against your company profits. As an added [...]
A Limited Company contractor’s guide to the announced dividend tax increase
As a Limited Company contractor you’ll be aware of the recent (and unexpected) increase in dividend tax rates, but how will this affect you? In this blog we explore what has been announced, when it’ll come into force, and how [...]
A reminder about the Self-Employment Income Support Scheme (SEISS)
What is SEISS? The Self-Employment Income Support Scheme (SEISS) was created for the self-employed or a member of a partnership, who were affected by coronavirus. If you lost out on income or had to stop working in order to look [...]
A Limited Company contractor’s guide to bounce back loans, dividends, and illegal dividends
An introduction to dividends – new to contracting If you’ve been contracting for a while we’d suggest skipping this first section, but if you’re just starting out in your contracting career or thinking about it, you may be needing some [...]
Summer socials and entertaining staff – what you can claim as a business expense
Whilst the UK’s Covid freedom day has been delayed until July 19th, there’s nothing stopping you from planning a summer social for yourself or those who you work closely with. So what can you claim as a business expense? In [...]