Tax relief working from home reduces a portion of the financial burden incurred for job or business purposes. This works by reducing the taxable income
Understanding the role of personal tax allowance in an individual income tax gives a clearer grasp of how much the taxpayers’ take-home pay and
Do I pay tax if I sell my house? Many homeowners in the UK wonder about this when they decide to sell their homes
HMRC is updating late payment penalty rules to prevent tax avoidance. Currently, HMRC can assess a second penalty when the full amount of outstanding tax
Business Asset Disposal Relief (BADR), previously known as Entrepreneurs’ Relief, offers significant capital gains tax relief for business owners when disposing of qualifying assets,
Corporation tax rates UK had been following a single flat rate system for all businesses regardless of size up until April 2023. There are
At every point of property ownership, landlords have several tax obligations—when they bought the property, rent out for profits, and sell. Below is a
Pay-as-You-Earn (PAYE) workers need the P45 form when they start their first job or leave an old role for another. The form basically passes
Not all accounting practices are solely for government compliance, such as management accounts. Unlike statutory accounts, they are optional and tailored to specific business
Late payment of corporation tax and other taxes attract additional interest. Starting August 2023, the late payment interest rate rose to 7.75%. HMRC, on the
Our Experts
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 has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.
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.
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.
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).
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.
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.
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.
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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.
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We provide services to our clients based on the principle of honesty, sound knowledge, reliability, and integrity, assuring the best quality and relevant advisory to our clients’ individual and business tax needs.
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246-250 Romford Road,
London, E7 9HZ
Our Locations: Stratford , London, Hounslow, Milton Keynes, Manchester , Glasgow, Bolton
© Legend Financial and Tax Advisers Limited is registered in England and Wales, Registration number: 08103572
