Income Tax Rates 2024/25: All Changes Explained
Contents Since April 2022, the UK income tax rates 2024/25 threshold has stayed frozen, with the next increase expected in April 2028. Read on for
Contents Since April 2022, the UK income tax rates 2024/25 threshold has stayed frozen, with the next increase expected in April 2028. Read on for
Contents Running a small business involves juggling several tasks at once, which makes it especially easy for small startups to overlook their financial health. Hiring
Contents Marriage allowance offers married or civil partners tax savings of up to £252 for the 2024/25 tax year. This article provides a comprehensive introduction
Contents VAT-registered businesses pay input VAT on their purchased goods and services, which they can reclaim afterwards. Normally, they claim a VAT refund on their
The government recently launched a new digital service called Check Your State Pension forecast, a joint service between the Department for Work and Pensions (DWP)
Contents When buying a property in the UK, stamp duty is a crucial consideration as it can add thousands to the purchase price. One of
The non-dom tax status regime is set to be abolished by 6 April 2025, surprising many wealthy non-domiciled people with the speedy implementation. More commonly
Contents HM Revenue and Customs implemented the Construction Industry Scheme (CIS) to make paying taxes fair for both employed and self-employed individuals, ensuring that the
Contents The Autumn Statement 2023 announced an increase in the UK minimum wage 2024 for all four wage categories. Changes in minimum pay always begin in April,
Contents Since pension income is considered an ordinary income, it is taxed. The rule of thumb is to withdraw only within the annual income tax
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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.
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Contents Cryptocurrency has rapidly evolved into a global phenomenon, reshaping the future of finances. As more and more people adopt crypto for investment, trading, and
Contents The Construction Industry Scheme (CIS) was originally designed to prevent tax evasion among construction workers. To enforce compliance, CIS penalties were implemented. Ensuring you
Contents Taxation on capital gains started in 1965 in the UK, with rules changing dynamically over the years. Like it or not, you pay this
Contents Tax relief on charity donations in the UK is a way to encourage people to support charitable organizations whilst also saving on their taxes.
Contents When you are a middle-class earner, finding ways to save on taxes can make a big difference in your finances. It is easy to
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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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