Congratulations on starting your new business venture! Whilst you’re probably busy getting everything ready and sorted, one important thing to consider is your business accounting and more importantly, your business structure. But how do you know which is the right one for you? In this blog we look specifically at [...]
If you’re just starting out and looking at which business model would suit you best, one of your options is to operate as a sole trader. But what does being a sole trader actually mean and is it right for you? In this blog we explore just that to help [...]
The pandemic and the ensuing lockdown in the UK has brought periods of unrest, uncertainty and for many, a change in their usual working patterns. But for some crafty and determined individuals, it’s been the push they’ve needed to get their own business up and running, and start to sell [...]
For the 2021/2022 tax year, tax allowances and rate bands have, in the main, remained the same. In this article, we demonstrate what that means in real terms, and offer our advice for trading as tax-efficiently as possible. 3 ways to trade tax-efficiently for 2021/2022 Use the optimum salary levels [...]
COVID-19 has brought a whole world of disruption; from closed businesses to furloughed staff, we’ve all had quite a bit to deal with. Sadly COVID’s impact doesn’t end there, as many small business owners have fallen victim to cyber attacks. At Vantage Accounting, we include Xero accounting software for clients [...]
Ensure you make the most of your tax-saving opportunities before April 5th. The end of this tax year is almost upon us, so now is the time to act and ensure you’ve done everything you can to reduce your tax bill. In this blog we look at the top ten [...]
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’. [...]