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 [...]
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, [...]
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 [...]
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 & [...]
As we steam ahead into the summer months it can be easy to focus on your business making money, rather than what your business needs to be doing in the background. One of those is to focus on tax, to ensure your money is working as hard as it possibly [...]
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 [...]
For the 2022/23 tax year, tax allowances and the rate bands have, for the most part other than dividends, have remained the same. In this blog we explore what that means in real terms, and how your Vantage Accountant can help you trade as tax efficiently as possible in the [...]
Electric cars are no longer a thing of the future! And whilst we’re not quite at the teleporting stage, having an electric car is certainly becoming the car of choice, especially with the planned ban on petrol and diesel cars from 2030 onwards. So what are your options when considering [...]
The season to be merry and bright is upon us, and who doesn’t love getting together to let your hair down and have some fun? But when it comes to partying during the festive period, are you allowed to claim your party expenses? The answer is ‘yes’, but there are [...]