BLOG & NEWS

What is a P60
General
Fahad Lateef

What is a P60? Understand Your Annual Tax Summary 

The end of the tax year brings a few certainties. One of them is an important document landing in your inbox or hand. So, what is a P60 exactly? In the UK, it is an official record of the total pay received, and the amount of tax and NICs deducted during that tax year.

Read More »
HMRC to Crack Down on Crypto
News
Fahad Lateef

HMRC to Crack Down on Crypto: Automatic Reporting Begins in 2026 

The days of crypto anonymity are coming to an end. From January 2026, HMRC will begin receiving automatic data on UK taxpayers’ cryptoasset activities from digital asset platforms around the globe. This is all under a new international agreement known as the Cryptoasset Reporting Framework (CARF).

Read More »
Auto Enrolment Pensions
Pension
Fahad Lateef

Ultimate Guide to UK Auto Enrolment Pensions

Almost every employee in the UK is eligible for workplace pensions. It’s mandatory for employers to set their employees for auto enrolment pensions, even if they only have one. This guide is for both, whether looking to strengthen compliance or understand how it affects their paycheck.

Read More »
Mandatory payrolling of benefits deferred to April 2027 
News
Junaid Usman

Mandatory payrolling of benefits deferred to April 2027 

The removal of P11D forms, replaced by mandatory payrolling of benefits in kind (BIK) by April 2026, is deferred for 12 months. This was first introduced in January 2024, but with several appeals, HMRC announced on 28 April 2025 that it will delay the implementation in April 2027.

Read More »
Basis Period Reform
Guide
Fahad Lateef

Basis Period Reform: A Simple Guide for Sole Traders & Partnerships 

Those who are self-employed or in a partnership need to know about a major tax change: “Basis Period Reform.” This new approach to taxing business profits in the UK aims to simplify things by aligning everyone’s tax calculations to the standard tax year. This guide breaks down everything in simple terms. Understand what is changing, how it impacts you, and what steps you may need to take.

Read More »

Categories

OUR EXPERTS

Fahad Latif

Fahad Lateef

Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.

Junaid Usman

Junaid Usman

Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.

Faizan Rashid

Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.

The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.

GOT A QUESTION?

At Legend Financial, everyone is fanatical about meeting their goals and deadlines and ensures the satisfaction of the customers.