Louisa Drewett

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, are [...]

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 and [...]

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 [...]


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 [...]

Business expenses through a Limited Company

Running a business comes with its costs and sometimes it isn’t always clear which of these costs are tax deductible. To help, we have created a short and informative guide about commonly claimed expenses. Understanding how reclaiming expenses works [...]


The mini budget - what it means for contractors Well that was a big U-TURN affecting the contracting industry! The (not so) mini-budget delivered by new Chancellor, Kwasi Kwarteng last Friday, had a lot more in it than anyone expected. Repeal [...]

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 [...]

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 [...]