

Tips on How to Reduce Tax on Rental Income
Contents Property rent is also subject to income tax as the money earned from any other real estate properties. The owner often pays more rental
Contents Property rent is also subject to income tax as the money earned from any other real estate properties. The owner often pays more rental
Contents Whether to charge VAT on consultancy services or not will be answered in this article. Read on for a brief guide to this indirect tax,
Contents 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
Contents 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
Contents 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
Contents Business Asset Disposal Relief (BADR), previously known as Entrepreneurs’ Relief, offers significant capital gains tax relief for business owners when disposing of qualifying assets,
Contents Corporation tax rates UK had been following a single flat rate system for all businesses regardless of size up until April 2023. There are
Contents 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
Contents 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
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Contents HMRC’s tax investigations can be expensive, complex, and time-consuming. Even individuals and businesses with a good accounting team feel like they are caught off-guard
Contents If you miss your corporation tax payment deadlines, HMRC will charge interest on the outstanding amount. This interest keeps on accumulating the longer the
Contents Every business encounters losses at some point, but how you tackle them makes all the difference. HMRC offers UK companies relief on corporation tax
Contents If you are part of the Construction Industry Scheme (CIS), you might be due a CIS repayment from HMRC. This article will walk you
Contents There are over 30 million e-Commerce websites now up and running. If you are ready for a business open all round the clock, setting
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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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