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Is a Redundancy Payment Tax Free UK?
Contents Is a redundancy payment tax free? Whether you are made redundant by your employer or volunteered for it, this guide will give you clarity,
11 December 2024
Legend Financial is renowned for its taxation, accountancy, and business development services in UK, as we cater to all businesses and professionals regardless of niches and sizes. For over a decade, we have completed more than six hundred projects, gaining many loyal clients over the years.
Expertise Honed by a Decade
Legend Financial’s seasoned tax experts offer comprehensive UK taxation services, including specialized support for Inheritance Tax and Capital Gains Tax, ensuring compliance and maximizing financial benefits.
Our team of certified accountants meticulously manage your finances, maintain your compliance with the latest regulations, and optimise your financial standing overall.
The core of our services revolves around your business growth. We provide expert guidance to enhance your business’s profitability, whether you are a startup or an established corporation.
We leverage state-of-the-art financial software to streamline your financial processes, ensuring accuracy and efficiency in every aspect of your financial management.
We understand that your financial goals are unique, and our services are tailored to suit your specific requirements. Our personalised approach sets us apart from the rest.
EXCELLENT SOLUTIONS GUARANTEED
For twelve years, Legend Financial has been helping individuals and businesses from all sectors sort out their tax affairs. Our tax specialists are committed to helping you remain tax-compliant and take advantage of every tax-efficient strategy applicable to your situation.
Given the competitive market, do not skimp on your business’s financial backbone—the accounting department. Our accountancy services in UK will ensure your financial management is not only seamless but also fully compliant with the latest regulations.
Once sales keep growing, it is time to enter a new market and craft new business plans. We will help your business to not only survive but thrive in the competitive landscape. Your profitability and success are our top priorities, driving your business to new heights.
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We Nail It in Every Case!
See how our tax planning services effectively curbed one of our clients’ hefty tax dues!
It started with a “no win, no fee” contract, and the stamp duty reclaim was successful!
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Top Questions Answered by the Experts
UK taxes are usually charged at gradual rates—the higher the income, the higher the tax rates, depending on which bands their taxable income belongs. Certain tax-free threshold applies to every kind of tax.
Accounting services involve a lot of work including income tracking, payables management, payroll processing, bank and credit card updates, monthly reconciliations, work in progress monitoring, prepaid expenses oversight, and more.
Conduct interviews to ensure they align with your specific financial needs and goals, considering factors such as their experience in your industry, services offered, client reviews and referrals, fees, and their commitment to staying updated with tax laws and regulations.
The Financial Reporting Council (FRC) promotes transparency and integrity in business by regulating auditors, accountants, and actuaries, whilst also establishing the UK’s Corporate Governance and Stewardship Codes. It operates as an executive non-departmental public body, with sponsorship from the Department for Business and Trade.
In today’s dynamic business landscape, staying relevant and growing requires the strategic insights and actions that business development services can provide.
Their key role revolves around identifying and pursuing new business opportunities for an organisation. They are tasked with researching and analysing the market to pinpoint potential clients and crafting strategies to grow the company’s customer base and boost revenue.
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There’s no reason to slow down the growth of your business. Boost your enterprise with the right advice and help.
Managing your tangible investments is part of wealth management, aimed at securing financial health in the future.
Deal with the complex matters in your healthcare business, such as taxes and accounting, with the help of experts.
We have specialists in construction sector. Payroll, tax returns, construction industry scheme returns – the lot.
Whether you're on the doors or manage a team that keeps sites safe, we can handle your tax and accounts.
From advice on starting up to finding funding, we love working with ambitious SME owners and operators.
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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