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Xero Platinum Partnership achieved!

Having been a Xero Partner since 2012, we are proud to announce that we have now reached Platinum Partner status, the highest accolade we can ask for when it come to expertise in working with clients using Xero Accounting Software. Achieving Platinum status means we’ve certified our teams on Xero [...]

2024-12-30T12:11:40+00:0030 December 2024|

S455 tax – what Limited Company Directors need to know

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 at what S455 tax actually is, [...]

2024-12-19T13:27:42+00:0019 December 2024|

The Vantage Southbourne Office Launch Event

Yesterday, we invited all the local businesses down to our Southbourne office for tax and accounting consultations, and some delicious cakes from our neighbours Tasty Bakes Bakery. It was great to meet so many businesses from the local area and we look forward to taking care of all their accounting [...]

2024-11-28T13:44:41+00:0028 November 2024|

The Autumn Budget 2024

Forty billion pounds of tax rises represents one of the very largest tax rising Budgets outside of a time of recession, with Rachel Reeves announcing a compendium of changes aimed at businesses and higher tax payers. A penny off a pint and frozen fuel duty will be small comfort for [...]

2024-10-31T16:03:59+00:0030 October 2024|

The Tips Act 2023 – what business owners need to know

On 1st October 2024 The Employment (Allocation of Tips) Act 2023 came into effect, impacting on the distribution of tips for all businesses. It is now illegal for employers to withhold tips from employees. What does this mean for business owners? If your business receives tips from customers, there is [...]

2024-10-16T16:33:16+01:007 September 2024|

2024/25 tax year rates and allowances 

National Insurance and 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 - £12,570 [...]

2024-04-18T10:45:32+01:0025 March 2024|

Tax Basis Period Reform for Sole Traders and Partnerships

If you're a sole trader or a partner in an unincorporated or incorporated partnership, upcoming changes in tax rules may affect you. These reforms alter how businesses like yours are taxed. Overview of the Basis Period Reform HMRC is changing how taxable profits are calculated. Previously, unincorporated businesses were taxed [...]

2024-02-29T10:42:31+00:0029 February 2024|
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