The interest you earn on your savings is considered taxable income in the UK. Whether you actually have to pay tax on it depends on how much you earn and which income tax band you fall into.

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 […]

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 […]

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).