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 [...]
The festive countdown has begun! And whether you’re ready or not the New Year is only a few weeks away. So what can you be doing now to get your small business ready to hit the ground running come January 1st? In this blog we explore the ways in which [...]
Autumn Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Main Budget proposals Tax measures include: a new temporary business rates relief in England for [...]
If you’re considering becoming a Sole Trader you might be wondering what expenses you’re able to claim. In this blog we explore just that, to give you an idea what it’s like to operate as a sole trader, and whether it’s the right business model for you. What is a [...]
In this Q&A we ask Paul Ankers (AKA Panks), the man responsible for running Vantage Accounting, 8 questions about Vantage, his career as an accountant, and his predictions for the next 6 months. Q1: What’s your best advice for a client running their own business? For the vast majority of [...]
Small business owners have had a lot of change to deal with this past year, so the recently announced increase to tax rates was probably the cherry on top. But how are they affected and what do they need to know? In this blog we explore just that, to ensure [...]
We’re now well into the new tax year, so now is a good time to take stock of the tax reliefs that are available to you, and what you’ve still got to take advantage of. In this blog we explore just that, and take a look at the top seven [...]
Now that Freedom Day has been and gone and life is returning to something that used to slightly resemble normality, there’s nothing stopping you from planning a summer social for you and your employees. But before you book anything, do you know how much you can claim as a business [...]
If you have a Limited Company and need transportation for your business you may be considering your options. So is it best to purchase a company car, or use your own car, and what tax implications can you expect for both options? In this blog we explore exactly that, to [...]
You may from time to time wish to borrow money from your Limited Company. Whilst you are able to do so there are a number of considerations you need to be aware of, one of which is the tax implications of doing so. In this blog we explore the process [...]
