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 my Limited Company contribute to my pension?
When you’re busy contracting you’ll want to know that your future is taking care of, usually in the form of a pension. But can your Limited Company contribute to your personal pension? In this blog we explore just that, to [...]
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 [...]
PAYE due on July 22nd 2021
It’s that time of the year again when you must pay your PAYE bill to HMRC. If you pay monthly be sure to pay your bill by the 22nd of the next tax month, and if you pay quarterly to [...]
Planning on giving freelancing or contracting a go? We reveal how much tax you’ll pay
Has lockdown got you considering your working options and whether a career in freelancing or contracting might be your next great move? If it’s something you’re considering, but you’ve still got a foot in permanent employment, then you’ll need to [...]