When you sell a residential property that is not your main home, you may be liable to pay Capital Gains Tax on the profit you make. It is crucial that all landlords and property owners understand what this tax is and how it directly impacts the final return on your investment.
What Are Bookkeeping Services for Small Businesses and Why They Matter
For many small business owners, Bookkeeping is often pushed to the bottom of the to-do list, as it is viewed as a complex and time-consuming chore that distracts business owners from their core operations and revenue-generating tasks. However, many may fail to understand but Bookkeeping plays a vital role in the success and sustainability of […]
What is a Dormant Company? A Complete Guide for Small Business Owners
As a UK business owner, if you own a dormant company, it’s crucial that you are aware about the legal obligations that come with owning such a business. Having a dormant company status comes with a lot of significant benefits as long as you are taking the correct steps to maintain compliance with financial and […]
5 Best Bookkeeping Software for Sole Traders in the UK
Working as a sole trader means you are responsible for all your business. Working to grow your business and managing your books together can be a handful and quite difficult to manage. Self-employed accounting software can be helpful in cutting down the admin work so you can focus on your actual business. Why Sole Traders […]
What Is Entrepreneurs’ Relief and How Does It Work?
If you are thinking about selling your business, shares or assets, there is a high chance you would have to pay a large percentage of your profit towards Capital Gains Tax (CGT).
Benefits of Being VAT Registered
Value-Added Tax (VAT) is a consumption tax applied on most of the goods and services sold in the UK. Currently, the standard rate is set at 20%, along with a reduced rate of 5% and 0% on certain goods and services. This VAT is collected by businesses on behalf of HMRC. When a business is […]
