With the economy expected to recover to pre-Covid level by mid-2022, the Chancellor set out his plans for supporting the recovery and subsequently recovering some of the cost associated with the pandemic. For many businesses and taxpayers the good news is that Income Tax, National Insurance, Annual Exemption for [...]
In a bid to help with cash flow and as part of HMRC’s ongoing COVID-19 support, all VAT registered businesses are now able to defer their VAT liabilities generated between March 20th and June 30th 2020. This blog explores the new scheme, how it works, how to register and what [...]
Whether you’re opening a shop, running your own hairdressers, or maybe even a café, one thing you’ll need to decide on is your business structure. So what are the available options and how do they differ? Choosing the right structure from the get-go can mean taking advantage of the possible [...]
Here we go again, another lockdown! And whilst for many of us it’ll mean a change to our everyday life (yet one we’re all slowly getting used to), now is a good time to plan ahead to ensure your business can hit the ground running when things return to ‘normal’. [...]
Rishi Sunak has announced a further £4.6 billion in new lockdown grants to support those businesses within the retail, leisure, and hospitality sectors, by giving them a one-off grant worth up to the value of £9,000. Help has also been provided in the form of a £594 million discretionary fund [...]
It has now been confirmed that the Coronavirus Job Retention Scheme has been extended until 31 March 2021. From 1 November 2020, employers can claim 80% of an employee’s usual salary while they’re in furlough, up to a maximum of £2,500 a month. Any employee that was employed and on [...]
If you’re a landlord who lets a property through Airbnb then listen up! HMRC have complete visibility of those lettings (past and present), and so have a think back to your tax returns, and whether all of your income has been declared. If not then now is the time for [...]
Today we have completed on the acquisition of Bell & Co, an accounting practice based in Eastleigh, Hampshire. We love looking after local people and businesses for their accounting needs, so we extend a warm welcome from Vantage Accounting. And with previous Bell & Co owner Jim Bell and team [...]
Rishi Sunak today announced that the government will cover up to two thirds of workers' wages if their hours have been reduced due to the coronavirus pandemic. It is hoped that the ‘Jobs Support Scheme’ will help to reduce the millions of job losses expected when the furlough scheme ends [...]
We are delighted to announce that our small business accounting brand Stilwell Gray has been rebranded as Vantage Accounting as of September 21st 2020. Launched in 1995, Stilwell Gray has since grown to a firm with offices in Winchester, Totton and Ringwood, providing services to a variety of businesses nationwide. After [...]