Tax codes – the basics Tax codes can seem confusing, especially if you’ve never managed your business’ accounts before or are new to running your business. But whilst they can be tricky to get you head around, they’re vital for running your business and payroll compliantly and efficiently. So, whether [...]
When you’re first starting out running your business you’ll no doubt be eager to dive-in, get your name out there and start building your client base. Whilst these things can sometimes seem to be the most exciting part, there are some fundamental ‘housekeeping’ tasks that you should do before you [...]
If you’re a small business owner you may have heard of EIS (Enterprise Investment Scheme), SEIS (Seed Enterprise Investment Scheme), and VCT (Venture Capital Trust) – so what are they, how do they work and can they benefit your business? In this blog we answer all this plus more, to [...]
Making Tax Digital (MTD) is on it’s way, so now is the time to ensure you understand what’s on the horizon, what you need to do, and how the Vantage Accounting team are ensuring everything is ready. In this blog we take a closer look at what MTD actually is, [...]
For many business owners, there will come a time when you want to close your company for one reason or another. But until that point, you likely won’t have thought much about the process or have much knowledge on how to be most tax efficient when closing your company. [...]
When running your business you’ll 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 unnecessary stress. If you’re new to the world of running your own business, [...]
Understanding the 2025/26 Changes to Employers National Insurance Contributions 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 have [...]
Understanding S455 Tax on Director’s Loans As a Limited Company director there may be times when you have to lend your company money, which will usually not result in any tax implications. So what happens when you personally need to borrow money? In this blog we take a closer look [...]
Common Accounting Terms Explained If you’re new to running your own business you’ll undoubtedly find yourself exposed to the world of accountancy and finance, and potentially hear new words and phrases. Whilst this can seem daunting, there’s no need to worry! In this blog we look at some of the [...]
As a Limited Company owner, are you aware of the tax implications of an electric car for your business? In this blog, we’ll explore the differences between leasing, hire purchasing and outright purchasing an electric vehicle and the tax you can expect to pay. The electric advantage The government, in [...]