Director’s loans explained: A complete guide for limited company directors
Director’s Loans remain one of the most underused and misunderstood areas of running a limited company. Whether as a limited company director you’re navigating your way through unexpected personal expenses, you’re managing your cash flow, or perhaps you’re just [...]
How limited company directors get paid: Salary vs dividends explained
Understanding how you’re paid when running your own limited company is a pretty important step, especially when it comes to maintaining tax efficiency and remaining compliant with HMRC. By ensuring you get the balance between salary and dividends correct you’re able to optimise your take-home pay whilst ensuring your [...]
Allowable business expenses for limited company directors: What you can claim and HMRC rules explained
Business expenses are costs a limited company incurs that can be reclaimed from its income, thereby reducing its taxable profit. This in turn lowers the amount of Corporation Tax your company must pay. However, expenses are only allowable if [...]
What was announced in the Spring Forecast 2026?
In Tuesday’s Spring Forecast, Chancellor Rachel Reeves presented the latest economic and fiscal forecast from the Office for Budget Responsibility (OBR), providing an updated outlook for the UK economy. There were no major new tax or spending announcements, in [...]
What are the key dates throughout the 2026/27 tax 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 tax year. Failing to do so will result in penalties, fines and [...]
What Are the 2026-27 Tax Year Rates and Allowances?
Income 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 Rates [...]
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 [...]
What Was Announced in the Autumn Budget 2025?
With so much pre-Budget speculation, we were expecting a long wait for the detail - but events moved faster than anyone anticipated. In an unprecedented slip, the Office for Budget Responsibility (OBR) accidentally published its Economic and Fiscal Outlook [...]
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 if managing your business finances feels overwhelming and you’re unsure where to turn for guidance, Aardvark Accounting is here to help. In this blog, we provide [...]
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 [...]
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. [...]
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 [...]
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 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 [...]
What Are the 2025-26 Tax Year Rates and Allowances?
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 Rates Primary threshold [...]
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 [...]
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 [...]