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 [...]
The Vantage team are growing even bigger, with the introduction of our latest office in Salisbury, Wiltshire. Having completed our previous new office opening in Renfrew, Glasgow only last month, we’re so proud to announce that we’ve also now opened one in Salisbury. Why Salisbury? With our other offices [...]
Your accountant is far from just a number-crunching machine! They have specialist knowledge regarding taxes, expenses, allowances and so much more. In this blog, we’ll outline some of the key questions that you should be asking your accountant to ensure your business is as efficient as possible. Can I make [...]
Your responsibilities and what you need to file with HMRC and Companies House Directors of Limited Companies have legal responsibilities, such as filing / submitting various forms and returns to Companies House and HMRC throughout the financial year. If you’re new to running your own company you may be unsure [...]