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 transformation of capital allowances from April this year, which will [...]
The increase in Corporation Tax in April 2023 was announced back in the March 2021 Budget, but what does this mean for small business owners? In this blog we explore what’s going to change, what you need to be aware of, and how to prepare. First things first – what [...]
Since the reversal of Liz Truss’s tax policy changes last month, new PM Rishi Sunak and Chancellor Jeremy Hunt have promised a new statement, concluding that now is the right time to proceed with a package of tax cuts. In today’s statement there was a focus on energy prices & [...]
Jeremy Hunt, The Chancellor of the Exchequer, has today scrapped the majority of tax cut plans that were announced in the government's ‘growth plan’ mini-budget by Kwasi Kwarteng on 22 September 2022. As part of his ‘Growth Plan’, Kwarteng had set out a number of tax cuts designed to support [...]
The mini budget – an overview The (not so) mini-budget delivered by new Chancellor, Kwasi Kwarteng last Friday, had a lot more in it than anyone expected, and lots of great news for small businesses. Here are the headlines: Corporation Tax planned increase from 19% to 25% has been scrapped [...]
There may be times where you need to borrow money from your Limited Company, so how do you go about doing it, what are the associated tax risks, and what do you need to be aware of? In this blog we explore all that, to help you confidently borrow money [...]
Here at Vantage Accounting we’ve got some important news, our Ringwood team have moved! Whilst we’re waiting for our new HQ to be built in Ringwood, we’ve temporarily moved to a new office at the Arena Business Park in Ferndown. Where are we? Located in unit B9 of the Arena [...]
In this blog our MD, Daniel Mepham, shares his thoughts from the March 2022 Spring Statement. A much anticipated Spring Statement was delivered on March 23rd by Chancellor, Rishi Sunak against a backdrop of war in Ukraine, post pandemic super spending and an ever increasing rate of inflation. With that [...]
In this version of our Q&As we ask Lucy Eve, our Client Manager at our Totton branch, 10 questions about Vantage, her career as an accountant, and what she believes the future holds for small business owners. Q1 – As an accountant, what’s the best piece of advice you’d give [...]
December 21st saw the Chancellor of the Exchequer announce a further £1bn in funding to help businesses hit by the ever increasing Covid cases, especially those in the leisure and hospitality sectors. Who is eligible for the grant? Small businesses like pubs, bars, cinemas and restaurants will now be able [...]