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 [...]
Whilst you’re busy running your business, you’ll want to know that your future is also taken care of, usually in the form of a pension. So if you have a Limited Company can it contribute, and how does it work? In this blog we take a look at just that, [...]
Here at Vantage we’re lucky enough to work in some beautiful areas, including Ringwood, Totton and Winchester. There’s nothing we enjoy more than getting out into our local communities to see what’s going on, and meet other small business owners. With the festive period well and truly upon us it’s [...]
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 [...]
This past year has been tough for everyone, especially small businesses. You’ve survived temporary business closures, reduced customer foot flow, furloughed staff and faced uncertainty over the future of your business. So as we all slowly and cautiously begin to return to normal, now may be a good time to [...]
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 Assure Accountants, we include Xero accounting software for clients [...]
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 [...]
