# Legend Financial

> Legendary Tax, Accounting, & Business Advice


## Posts

- [Energy Firms’ Direct Debit Failures](https://legendfinancial.co.uk/energy-firms-direct-debit-failures/): The UK government announced last February three different schemes of energy support to aid energy consumers in the present crises in which the energy suppliers are responsible for proper execution. However, just as the energy price cap increased in April for up to £1,971 (for direct debit payers) and £2,017 (for prepayment meter users) a year, moderate to severe implementation failures among the energy firms occurred, specifically affecting direct debit payers. A whopping 54% increase in the energy price cap, which jumped from £1,277 to £1,971 in a year, is too much for energy consumers. Finding out their direct debit […]
- [IMF Predicts UK To Be The Slowest Growing G7 Country In 2023 ](https://legendfinancial.co.uk/imf-predicts-uk-to-be-the-slowest-growing-g7-country-in-2023/): The G7 countries, with the most advanced economies, are nevertheless affected by the current global economic issues just as the rest of the world, with a roughly 15 per cent probability of recession. The International Monetary Fund (IMF) predicted that the UK would fall behind Canada, France, Germany, Italy, Japan, the USA, and the EU by 0.5 per cent by 2023. The war Russia waged against Ukraine, and the economic struggles during the pandemic which have still left a negative mark on several businesses, have since been the major reasons for all the economic shocks that the UK faces, now […]
- [Choosing Accounting Software: Key Considerations for Your Business](https://legendfinancial.co.uk/choosing-accounting-software-key-considerations-for-your-business/): Contents A business’ growth entails the need for proactive means of handling finances. Laying the math on a spreadsheet or paper will only prove to be counterproductive in the long run. Errors are bound to happen, which could have been avoided when the right tools were used. It’s time to level up the accounting aspect to minimize hassles, which is using accounting software programs. There are a lot of emerging programs out there, but one has to be aware first of the things they need to consider when choosing accounting software for their business. This article features the most important […]
- [4 Mostly Used eCommerce Accounting Software This 2022 ](https://legendfinancial.co.uk/4-mostly-used-ecommerce-accounting-software-this-2022/): Contents The financial aspect of a business isn’t just about computing sales. Like it or not, it also encompasses taxes and many other areas, which is hassling for one who just loves to count sales. It’s also not a wise move to rush on complying with tax requirements only when the tax period comes. More so to do all financial matters manually and single-handedly. Fortunately, accounting software programs abound, making all the financial and taxation matters in businesses more efficient and accurate. This article points out the different types of mostly used eCommerce accounting software this 2022 and why every […]
- [£6 Billion Tax-Cuts of the Decade ](https://legendfinancial.co.uk/6-billion-tax-cuts-of-the-decade/): To help with the cost of living crisis, the British prime minister Boris Johnson and chancellor Rishi Sunak announced the single biggest tax cuts of the decade, worth £6 billion. This resulted from the rise in the National Insurance threshold from July 6 (£9,880 to £12,570), saving 30 million British workers up to £330 a year. The public authority trusts this move will help individuals battling to manage the typical cost of living as soaring inflation and inert wages keep putting a monetary crush on numerous families. The “memorable” tax break will add up to £6 billion in worth and […]
- [Bank Of England's Fifth Interest Rate Hike In A Row](https://legendfinancial.co.uk/bank-of-englands-fifth-interest-rate-hike-in-a-row/): For the fifth time in a row, the Bank of England (BoE) announced another hike in interest base rate by a quarter-point, now totaling to 1.25 per cent, to battle the robust inflation and shrinking UK economy. This hike has been the first to exceed the 1 per cent base rate since 2009, as well as the highest basis point (bp) for more than a decade. The Monetary Policy Committee (MPC) has been tasked to control inflation by around 2 per cent as much as possible. Six of the nine MPC members voted for a 1.25 increase in the base […]
- [7 Reasons Why Accounting for eCommerce Companies Is Challenging ](https://legendfinancial.co.uk/7-reasons-why-accounting-for-ecommerce-companies-is-challenging/): Contents The number of eCommerce businesses launching in the UK is increasing for various reasons. Putting a business online allows it to reach an even bigger market as there are plenty of choices for eCommerce platforms. Starting as a private limited company in the UK comes at a low price too. However, without the financial lifeblood in place, a proper accounting system, the business risks itself getting everything messed up. New entrepreneurs tend to take charge of their business’s financial and accounting aspects by themselves, overlooking the potential repercussions. The worst that can happen is financial downfall which could have […]
- [Cost Of Living Payments To Start From 14 July ](https://legendfinancial.co.uk/cost-of-living-payments-to-start-from-14-july/): The UK is currently seeing its worst cost of living crisis for decades, with inflation at a 40-year high and wages decreasing. The Chancellor reported the crisis living cost support last month, saying £5 billion of the bundle would be paid for by a duty on the benefits of oil and gas goliaths. Around £10 billion will be covered by additional borrowing. On Wednesday, Rishi Sunak announced that around eight million households would receive their first of two payments to alleviate the soaring cost-of-living crisis from 14 July that will be directly transferred to their bank accounts. In around a […]
- [11 Reasons Why You Should Hire An Accountant For Online Businesses ](https://legendfinancial.co.uk/11-reasons-why-you-should-hire-an-accountant-for-online-businesses/): Contents Accounting is a seriously intricate undertaking, and you want experts to manage it. Your business will possibly prosper when every one of the financial perspectives are dealt with properly. Employing an accountant is an unquestionable requirement for your business if you have never done such, and for this reason we have compiled this guide to give you 11 reasons why you should hire an accountant for online business. Hiring an accountant might be an extra expense for your business, but it is an expense that will be well worth it in the long run. The right accountant will be […]
- [Support for Energy Bills in the UK  ](https://legendfinancial.co.uk/support-for-energy-bills-in-the-uk/): To tackle the rising energy costs that skyrocketed the price of living in the UK, the government has announced on the third of February a package of support in various schemes—energy bills discount, Council Tax rebate, and discretionary funding—worth £9.1 billion for the financial year 2022-23. This energy bill support is a huge help to millions of households in the UK that are inevitably affected by inflation as an aftermath of global events, an increase rate that would have taken 40 years. In the last year, the price of wholesale gas leapt to a quadruple. Since April, energy bills have […]
- [Long Awaited Windfall Tax ](https://legendfinancial.co.uk/long-awaited-windfall-tax/): Due to the high increase in global oil and gas prices, the inflation rate in the UK is running at 9%. The public authority has gone under strain to offer more monetary help for families confronting a living cost increase. One idea was to introduce a one-off tax on the ‘windfall’ profits of oil and gas companies, which have risen substantially following the spike in energy prices. And on Thursday, Finance Minister Rishi Sunak unveiled the new 25% tax on the profits of energy producers with an aim to help the country’s energy supplies and security to stop the worldwide […]
- [Income Tax on State Pension](https://legendfinancial.co.uk/income-tax-on-state-pension/): Contents In 1908 the initial state pension was presented to the United Kingdom. Social Government’s monetary help brought this concept, and it is ongoing till now, with people of all ages receiving some form of state pension. Finally, in the counting period, the state’s retirees got a yearly £97 billion, with Government retirement pension installments signifying almost fifty percent all-out government help spending. When you arrive at the Government’s current retirement age, you are qualified for the state benefits. This article has been intended to give an overall thought of income tax of your state benefits. What is State Pension? […]
- [Inflation is Breaking the Records](https://legendfinancial.co.uk/inflation-is-breaking-the-records/): According to the Office for National Statistics, the United Kingdom’s consumer increase in price reached 7% last month, exceeding economists’ prognostications for the sixth month in a row. Last month, inflation in the United Kingdom reached a 30-year high, putting pressure on Chancellor Rishi Sunak to declare more support for families in his Spring Statement.  UK midcaps fell on Wednesday after statistics suggest annual inflation hit a three-decade high last month, exacerbating a cost-of-living squeeze for households and weighing on supermarket profits. The sudden uptick has indeed been driven by rising global economic conditions for energy, gasoline, food, and consumer […]
- [Prioritizing Debt Reduction: Rishi Sunak's Spring Statement 2022](https://legendfinancial.co.uk/prioritizing-debt-reduction-rishi-sunaks-spring-statement-2022/): Inflation has kept expanding by 8 percent at rates not found in many years since the October 2021 Spending Review. Subsequently, Legend Financial assesses that the NHS financial plan is currently anticipated to develop by 3.6 percent each year, contrasted with 4.1 percent in October. Affecting the NHS’s capacity to meet effectiveness targets and diminish the excess. “GDP would grow by 1.8% next year” In the Spring Statement, the Chancellor gives the country a report regarding the economy’s wellbeing, answering the cutting-edge gauge from the Office for Budget Responsibility. The Spring Statement also offers the public authority a chance to […]
- [Tips on Cash Flow Forecasting For eCommerce](https://legendfinancial.co.uk/tips-on-cash-flow-forecasting-for-ecommerce/): Contents E-commerce business is a robust business – cash moves quickly, and measurements change day by day. An e-commerce business can be unusual (irregular deals, issues with supply or conveyance), the monetary wellbeing of your business varies! Furthermore, a portion of those changes is unsurprising, for example, big deals before winter occasions versus slow mid-year months. Along these lines, cash flow ought to be arranged and executed cautiously to keep away from deficiencies and disturbances of activities. Different variables can influence your online business, including a proportion of capriciousness. Regardless of the amount you get ready for the future, no […]
- [The Ultimate Guide You Need to Have for Your eCommerce Accounting](https://legendfinancial.co.uk/the-ultimate-guide-you-need-to-have-for-your-ecommerce-accounting/): Contents At the point when you’re simply getting your E-Commerce business going, monitoring your funds can be somewhat of a bad dream. In the event that you haven’t needed to do any accounting previously and this is the primary business you’ve overseen, it can feel overpowering when you first investigate all that you really want to monitor and do. In any case, never dread, as when you separate everything into sensible pieces, accounting will turn into a characteristic piece of your regular activities and will not occupy quite a bit of your time. We have created this blog to help […]
- [How To Avoid Capital Gains Tax on Buy-To-Let Property](https://legendfinancial.co.uk/how-to-avoid-capital-gains-tax-on-buy-to-let-property/): Contents For most people, buying a house is the most significant and proudest purchase of your life. All of the meticulous measures you took—innumerable property visits, contract dealings and examinations – to show up at the fantasy of homeownership. With house prices at an all-time high, many people are seeing this as an ideal opportunity to sell their home. However, did you realize that houses are viewed as a capital resource, subject to capital gains tax? CGT is paid on the profit gained after you dispose of or sell your property, although it generally doesn’t apply if you have been […]
- [Tax Planning | Here Are the Steps on How to Do It](https://legendfinancial.co.uk/tax-planning-here-are-the-steps-on-how-to-do-it/): Contents The United Kingdom has a complex and constantly changing tax system. Numerous tax reliefs and provisions are available to reduce tax liabilities legitimately without entering the more difficult territory of tax avoidance. The tax system has become so complicated over time that it has burdened tax payers with a barrage of responsibilities. With so many things to deal with, tax payers are bound to take advice on tax matters from a professional in order to meet all the guiding principles of taxation, and ensure that there’s no irregularity in their tax filing. We have created this blog to help […]
- [Capital Allowance on Furnished Holiday Let](https://legendfinancial.co.uk/capital-allowance-on-furnished-holiday-let/): Contents The furnished holiday let, also known as an FHL, is referred to in the UK as a rental property. This classification provides certain tax benefits for holiday home tenants. “You can apply for a capital allowance on a Furnished Holiday Let property on its availability of current inventory, and furniture status.” This means that you can deduct the cost of decorating your cabin to the luxury level (and at the cost of accumulating your potential rental income) from your pre-tax profit. This option is not suitable for long-term tenancies. We know that understanding tax on holiday lets can be quite […]
- [Construction VAT Rates](https://legendfinancial.co.uk/construction-vat-rates/): Contents One of the more convoluted aspects of VAT is the treatment of construction work in the construction industry. The construction VAT rates for new structures is charged at the zero rate of VAT, given that the building is to be used for a social reason: in actuality, this implies that construction services for the development of new houses, abodes, and structures with a beneficent object are zero-rated. Value Added Tax, or VAT, is the obligation you need to pay when you buy goods and services. “The UK’s watchfulness in deciding the construction of VAT, similarly as with all Member […]
- [VAT Registration: What Is It and Why You Need To](https://legendfinancial.co.uk/vat-registration-what-is-it-and-why-you-need-to/): Contents VAT is often much simpler than it is generally portrayed, but this does not mean it should be taken lightly. The standard method of paying VAT is known as the Standard Rate Scheme. However, HMRC offers multiple alternate schemes, such as the Flat Rate Scheme, the Cash Accounting Scheme, and the Annual Accounting Scheme, which are available for independent companies with turnover below a specific sum. By putting in the work and proper calculations, you can generate the best approach for you. In this article, we look to explain a few important questions about VAT registration: When do I […]
- [Corporation Tax Return | A Step-by-step Guide on How to Do It](https://legendfinancial.co.uk/corporation-tax-return-a-step-by-step-guide-on-how-to-do-it/): Contents Corporation Tax is paid on any taxable profits that your organization has. You’ll have to make good on Corporation tax if you set up as a limited company, charity, affiliation, or society. Consider it identical to income tax. Corporation Tax is an income tax for organizations. However, the thing that matters is that companies don’t have an individual return. This implies that when your business begins making a profit, it needs to start paying Corporation Tax Return at the 19% rate (except if it’s recently made misfortunes). This article intends to provide you every detail regarding your CTR. What […]
- [VAT Exemptions | When not to charge VAT](https://legendfinancial.co.uk/vat-exemptions-when-not-to-charge-vat/): Contents When most items or services are sold, VAT is added to the original deal cost, ordinarily at a pace of 20%. Be that as it may, certain items and services are exempt from VAT. Products and services that are excluded are viewed as fundamental, as you can see from the rundown beneath. If your business exchanges VAT-exempt supplies, you will not have the option to reclaim VAT on the costs your business causes. This article is an epilogue for your financial reliefs as it will help you understand what goods you aren’t chargeable to VAT and what the VAT […]
- [Corporation Tax Reliefs and Penalties, You Should Be Aware Of](https://legendfinancial.co.uk/corporation-tax-reliefs-and-penalties-you-should-be-aware-of/): Contents Corporation tax is the principal charge that a limited company or enterprise should pay. Corporation tax should be paid both on the company’s profits and any increases from selling resources that have expanded in esteem. Sole dealers and associations don’t settle for corporation tax; however, they instead cover income tax (on business benefits) and capital gains charge (on any addition from the offer of resources). Unfortunately, due to COVID-19 hanging on our necks for the past two years, paying our expenses has become difficult. This article will help you understand the ways of availing Corporation Tax Reliefs created through […]
- [Easy Guide for Beginners on How to Pay Corporation Tax](https://legendfinancial.co.uk/easy-guide-for-beginners-on-how-to-pay-corporation-tax/): Contents A direct tax collected as a source of income from business entities by the government is referred to corporate/corporation tax. Corporation tax is indicted in reverence of accounting periods, and a period of accounting (12 months) is the one a company prepares its accounts for. It occurs when a company either commences or ceases trading or whenever it changes its accounting date. Companies’ resident in the UK are chargeable to corporation tax on worldwide income and gains. Are you contemplating on how to pay corporation tax? This article will give you a thorough insight on the imperative concepts related […]
- [Coronavirus Job Retention Scheme (CJRS) | Latest Updates](https://legendfinancial.co.uk/coronavirus-job-retention-scheme-cjrs-latest-updates/): “The UK government introduced Coronavirus Job Retention Scheme to help the employees during the COVID-19 pandemic.” CJRS implies that an employer should give eighty per cent of the staff wage or employment cost per month for the time not worked in actual. It can be claimed by the end of September, 2021. The grant amount has been varied with the passage of months. Before July, 2021 about 80% of the grant is funded by the government with a maximum cap of £2,500. But, from July 1, 2021 the amount of grant will be reduced to 70%. The amount will be […]
- [How much is Capital Gains Tax on Property](https://legendfinancial.co.uk/how-much-is-capital-gains-tax-on-property/): CGT can be an intimidating subject to understand. CGT was first introduced in 1965. Until then capital gains were not subject to tax. 
- [Claiming Back VAT](https://legendfinancial.co.uk/claiming-back-vat/): Is there any way for claiming back VAT? Imagine you are paying VAT on different goods and services but you have no awareness about how to claim the VAT back! Then you are at a loss. So let’s go through some basic details.
- [VAT Reverse Charge: Important Updates Contractors and Subcontractors Need To Know](https://legendfinancial.co.uk/vat-reverse-charge-important-updates-contractors-and-subcontractors-need-to-know/): All of the items that are either purchased or on sale have a specific amount of tax on them. This tax may be called VAT.
- [Inheritance Tax Planning: 10 Strategies You Can Follow](https://legendfinancial.co.uk/inheritance-tax-planning-10-strategies-you-can-follow/): Contents You might have frequently heard this question, “Where do you see yourself in the next five to ten years?” Everyone usually has a long list of goals to deliver, but what if you don’t have the chance to live for the next years? What are your strategies then, money-wise, as life is too uncertain? Almost always, people will be concerned about their families. They will try to provide them with security by improving their wealth to pass on to them later on. However, this wealth will be subject to inheritance tax, which their direct descendants will have to pay. […]
- [Updated UK Tax Budget 2021](https://legendfinancial.co.uk/updated-uk-tax-budget-2021/): The Forlough scheme/CJRS will be extended until the end of September. After July, businesses will be asked for a 10% contribution, rising to 20% in August and September 2021.
- [Inheritance Tax: 10 Most Commonly Asked Questions ](https://legendfinancial.co.uk/inheritance-tax-10-most-commonly-asked-questions/): Contents A loved one’s death incurs costs not only for funeral services but also for Inheritance Tax (IHT). The latest survey says that 3.9% of UK death resulted in an IHT charge amounting to £ 5.2 million. What most people don’t know is that they can actually plan their IHT, which could result in a lesser or possibly no tax at all. By answering the most-asked questions, this article will share with you the fundamental concepts of IHT, most especially how to avoid or reduce IHT. What is Inheritance Tax? Inheritance Tax refers to the amount of money that must […]
- [Tax Advice for Landlords in the UK: All You Need to Know](https://legendfinancial.co.uk/tax-advice-for-landlords/): 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 comprehensive tax advice for landlords UK, most especially on how they can be tax-efficient and compliant at the same time.   Know Your Tax Obligations  Landlords pay the following taxes at some point:  Stamp duty (when they buy a UK property)  Income tax (when they start earning profits from rental property)  National insurance (when they run a property business)  Capital gains tax (when they sell the property) Stamp duty is a crucial consideration when buying a […]
- [How to Get P45 Form: Guide for PAYE Workers ](https://legendfinancial.co.uk/how-to-get-p45-form/): 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 their tax and payroll information to their new employer. Read on for more information about how to get P45 UK, what the form is for, and other relevant details an employee must know.   What Is the P45 PAYE Form  The P45 form is always a staple document when switching to another job. However, not many employees know what the form is about. Below, we outline everything they must know about this PAYE form.  Who Gets […]
- [What Are Management Accounts UK: All You Need to Know ](https://legendfinancial.co.uk/what-are-management-accounts/): Contents Not all accounting practices are solely for government compliance, such as management accounts. Unlike statutory accounts, they are optional and tailored to specific business needs, going beyond figures and formality.   What are management accounts UK? This article serves as a simplified guide for small business owners about these accounts, the whys and hows, and more.  What Are Management Accounts  Management accounts, or management accounting reports, are prepared monthly or quarterly and provide a detailed analysis of the business’ key financial statements (profit & loss, cash flow, and balance sheet) to arrive at crucial insights for running and expanding a […]
- [How to Pay Corporation Tax Online for Small Businesses](https://legendfinancial.co.uk/how-to-pay-corporation-tax-online/): Contents 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 other hand, incentivises early payment by 0.5%. It is crucial for businesses to promptly pay corporation tax to avoid interest.  This article gives a quick introduction to UK business tax, covering how to pay corporation tax online, what to do if a company expects they cannot pay on time, and other relevant information. Quick Guide to Corporation Tax  Does a sole trader pay corporation tax? Sole traders and business partners do not, as they pay income […]
- [What Is Double Taxation? Reliefs & List of Countries on Treaty ](https://legendfinancial.co.uk/what-is-double-taxation/): Contents Double taxation treaties clarify cross-border taxation systems and primarily exist to prevent an individual from being taxed twice in two states and mitigate tax evasion. A clear treaty on which country has the right to tax establishes a fair international tax and business treatment. Other double taxation relief applies, too, if the country is not under a UK treaty.  This article explains what is double taxation in the UK, how the tax treaty and unilateral relief works, and which countries have double taxation avoidance agreements with the UK. It also covers other frequently asked questions relevant to the topic. […]
- [What Is the Higher Rate Percent of 40 Tax Bracket 2024?](https://legendfinancial.co.uk/40-tax-bracket/): Contents With the personal allowance and additional rate thresholds staying frozen until 2028, the Institute for Fiscal Studies (IFS) forecasts that approximately 2.1 million more taxpayers in the UK will be pushed to higher rate percent of 40 tax bracket and additional rate around the concluding year of the freeze.  Whilst pay increases or bonuses are something to celebrate, from the UK tax perspective, they may bring the taxpayer to the higher 40 percent tax bracket. Knowing when one is about to climb the higher rate percent of 40 tax bracket 2024/25 is crucial so that the taxpayer can start working […]
- [Are Financial Advisor Fees Tax Deductible in UK?](https://legendfinancial.co.uk/are-financial-advisor-fees-tax-deductible/): Contents Are financial advisor fees tax deductible in UK? This and other self-employed expenses are discussed in this article, covering which expenditures are tax deductible and not and other relevant questions about allowable business expenses.  Are Financial Advisor Fees Tax Deductible 2024?  Any running costs that are wholly and exclusively used for the business are considered allowable expenses. Given that the financial advisory service is used wholly for the business, the expense counts as allowable tax deductions under the category of legal and financial costs.  What Legal and Financial Costs Are Tax Deductible?  Expenses solely used for the business’ accounting, legal, or […]
- [Income Tax Rates 2024/25: All Changes Explained](https://legendfinancial.co.uk/income-tax-rates/): 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 more information about the current UK income tax rates, Scotland’s separate tax system, and other relevant details.   Income Tax Rates England  The England, Wales, and Northern Ireland have three tax bands. For the 2024/25 tax year, the UK income tax rates are:  Tax Bands Taxable Incomes Income Tax Rates 2024 UK Basic Rate Between £12,571 and £37,700 20% Higher Rate Between £37,701 and £125,140 40% Additional Rate More than £125,141 45% Incomes below the current […]
- [How to Find Accountant in Manchester for Small Businesses ](https://legendfinancial.co.uk/how-to-find-accountant-in-manchester/): 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 dedicated accountants will make a huge difference to their finances and growth if they employ the right ones.  Accounting services come with a fee, but their benefits do not equate to how much time and money the business can save as they become more compliant with HMRC and able to focus better on business operations. Read on how to find accountant in Manchester for small businesses or SMEs.  How to Find Accountant in Manchester UK  […]
- [How to Claim Marriage Allowance UK | For Married & Civil Partners [Latest]](https://legendfinancial.co.uk/how-to-claim-marriage-allowance/): 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 to this ‘transferable tax allowance,’ how to claim marriage allowance according to the couple’s circumstances, and other forms of tax breaks married partners may take advantage of.  What Is Marriage Allowance [2024] Marriage allowance, also called ‘marriage tax allowance,’ is a form of tax break for civil or married partners that allows the low-earning spouse (donor) to transfer a ‘portion’ of unused personal allowance to the higher-earning partner (recipient).   This allowance is not to be […]
- [How to Reclaim VAT [Overpayment, Bad Debt, & New Build]  ](https://legendfinancial.co.uk/how-to-reclaim-vat/): 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 business expenses, even overpayments. However, with the intricate VAT regulations, reliefs and special considerations exist that allow taxpayers to reclaim VAT outside the normal basis, such as when they face bad debts or build a new home.   This article covers how to reclaim VAT in various circumstances, including overpayments, bad debts, and new build properties.   Quick Value-Added Tax Update [2024]  In April 2024, the new threshold for VAT registration and de-registration increased to £90,000 […]
- [Digital Service for Voluntary NICs: Check Your State Pension](https://legendfinancial.co.uk/check-your-state-pension/): 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) and HMRC, which handle the State Pension and National Insurance, respectively.  The new digital service enables citizens to address gaps in their National Insurance (NI) contributions, which can affect their State Pension eligibility and pay. Identifying gaps in NI records and making voluntary payments to fill them is now made easier, all without needing to call for a reference number.   Normally, NI contributions are made by employees and the self-employed based on their earnings, whilst […]
- [Non-Dom Regime Abolition: Are Non-Doms Fleeing the UK? ](https://legendfinancial.co.uk/non-dom-regime-abolition-are-non-doms-fleeing-the-uk/): 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 referred to as non-doms, these individuals live in the UK but are not permanently settled. This regime, which had been in place for 225 years since 1799, gave them a special exemption from paying tax on their overseas incomes.  Provided they do not bring their offshore money into their UK accounts, using remittance basis instead, the non-doms were only liable to pay tax on income generated within the UK. The status could be retained for […]
- [Your Complete Guide CIS Payment and Deduction Statements (2024)](https://legendfinancial.co.uk/cis-payment-and-deduction-statements-a-complete-guide/): 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 self-employed construction workers comply with their CIS tax obligations. It has also effectively helped the UK tax authority to reduce the cases of tax evasion in the construction industry.  If you are already CIS-enabled, it is your obligation as a contractor to give your subcontractors a copy of their CIS statements with the deductions made on their tax payments.  To manage this process more effectively, consider exploring specialised CIS return services which streamline the creation […]
- [UK Minimum Wage 2024: New Rates & How to Check Your Pay](https://legendfinancial.co.uk/uk-minimum-wage/): 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, as per the UK’s fiscal year.   This article covers the UK minimum wage system, wage increases in 2024, employers’ responsibilities, how employees can check if they are paid right, what to do if underpaid, and more. It also discusses the real living wage and FAQs about the UK minimum wages.   The UK Minimum Wage System  The Labour Government introduced the UK minimum wage in 1999 initially with two simple categorisation based on age. […]
- [How to Avoid Paying Tax on Your Pension ](https://legendfinancial.co.uk/how-to-avoid-paying-tax-on-your-pension/): 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 threshold. Any amount beyond that will incur taxes. However, this is not always the case. Many retirees find themselves paying unnecessary taxes they could have prevented if obtaining pension income was properly planned.  This article gives a quick guide to the current pension income tax rates and, ultimately, how to avoid paying tax on your pension UK.  How Much Tax to Pay on Your Pension The current income tax threshold is at £12,570, frozen until […]
- [Making Tax Digital (MTD) to Go Live Testing on 22 April [Latest]](https://legendfinancial.co.uk/making-tax-digital-april/): On 22 April, HMRC will initiate the pilot phase of Making Tax Digital (MTD) for income tax self-assessment. Craig Ogilvie, Director of MTD, has reached out to agents, informing them of the upcoming opportunity to enroll in testing. The live testing aims to ensure the service meets the needs of agents and their clients.  HMRC will be urging accountants and bookkeepers to particularly join the private beta testing, emphasising the importance of preparing for the future of tax management. This initiative will help them prepare ahead of the mandatory changes, with access to dedicated MTD customer support.  To participate in […]
- [Complete Guide to HMRC Digital Disclosure Service (DDS) 2024](https://legendfinancial.co.uk/hmrc-digital-disclosure-service/): Contents The latest HMRC Digital Disclosure Service (DDS) is accessible to everyone who wants to straighten their tax affairs. This is to encourage all taxpayers to voluntarily disclose their income and tax liabilities.   This article covers the latest digital disclosure service HMRC introduced, including the process of disclosure, penalties, taxpayers’ rights when dealing with the penalties, and other frequently asked questions around the topic.   What Is HMRC Digital Disclosure Service? HMRC launched the Digital Disclosure Service (DDS) to make voluntary full disclosure available for everyone, regardless of their employment status, cause of non-compliance, or the industry they belong to. This […]
- [Capital Allowances on Property Investment: All You Need to Know in 2024](https://legendfinancial.co.uk/capital-allowances-on-property/): Contents Capital allowances on property come in several types, each with dynamic and intricate rules. These allowances are not automatic and must always be claimed via tax return. Many commercial property and holiday let owners in the UK may be unaware that they can claim tax relief on their property investments or, if they do, how to maximise their claims.   Without knowledge and expert advice, businesses miss out on capital allowances, leaving HMRC with massive portions of unclaimed amounts. In this article, we explore the fundamental aspects of capital allowances UK and the latest changes.  Quick Introduction to Capital Allowances […]
- [Government Gateway Rolled Out in May 2024 for GOV.UK One Login ](https://legendfinancial.co.uk/gov-uk-one-login/): Starting from Spring 2024 in May, taxpayers accessing HMRC’s online services for the first time will need to create a GOV.UK One Login account instead of the traditional Government Gateway. Existing users with a Government Gateway account will continue to access HMRC services as usual but will eventually transition to GOV.UK One Login later.   This change is part of the government’s plan to streamline online services and enhance security, which is expected to be introduced gradually over the next three years. This major transition is allocated £305 million by the UK government. HMRC is among the first departments to adopt […]
- [CIS Calculator for Subcontractor’s Tax Deductions and Rebate ](https://legendfinancial.co.uk/cis-calculator/): Contents How much taxes a subcontractor pays depends on whether they are CIS and/or VAT registered. Our CIS calculator for tax deductions and rebates will prove essential in the calculation process. Rebates, most especially, should not be ignored, as they can reach around £2,000 for an average subcontractor.   A Brief Guide to CIS Tax   Construction workers are automatically under the CIS taxation system, which is HMRC’s initiative to ensure tax is paid promptly and accurately in the construction sector. A CIS-registered taxpayer will get only a 20 per cent deduction in their invoice, whilst the non-registered 30 per cent. […]
- [Non-Resident Landlords Guide 2024: Tax on Rental Income UK Calculator](https://legendfinancial.co.uk/tax-on-rental-income-uk-calculator/): Contents HMRC automatically class UK people who lived abroad for more than six months in a year as non-resident landlords, even if they are considered UK residents for tax purposes. Currently, there are plenty of Brits abroad who continue to earn from their UK rental property to support themselves in another country.  This article provides a simple guide on what they must know about tax on rental income as non-resident landlords. Our tax on rental income UK calculator below can be used to work out both resident and non-resident landlords’ rental income taxes.   Understanding Non-Resident Landlord Scheme    Living outside […]
- [Corporation Tax Calculator UK: Calculate Your Taxable Income](https://legendfinancial.co.uk/corporation-tax-calculator-uk/): Contents HMRC incentivises early payment by paying companies a 0.5 per cent interest rate on their total company tax bill. To take advantage of this incentive and avoid any late filing or payment penalty, calculate corporation tax earlier. Use our corporation tax calculator UK below.   A Brief Guide to Corporation Tax  All limited companies pay corporation tax in the UK on their trading profits, investments, and taxable gains, no matter their size. Foreign companies with a UK branch or office only pay company tax on their UK trading incomes. For the current tax year, corporations tax rates are as follows:  […]
- [What Will the Spring Budget 2024 Mean to You? ](https://legendfinancial.co.uk/what-will-the-spring-budget-2024-mean-to-you/): Last 6 March 2024, the chancellor announced the details of the latest Spring Budget. Here are how the Budget announcements could affect different aspects of individual taxpayers and businesses’ finances:  For Workers  Employee’s NI contributions will decrease by 2p, from 10% to 8% starting in April, following the 2p cut announced in the last Autumn statement. This means that the average worker earning £35,400 a year could see an increase of over £900 in their take-home pay this year.  Self-employed individuals who benefit from a 2p cut to Class 4 NI, brought down to 6%, will save around £650 compared […]
- [Inheritance Tax Calculator UK: Calculate & Reduce IHT Bill ](https://legendfinancial.co.uk/inheritance-tax-calculator-uk/): Contents Inheritance tax applies to the taxable portion of the estate and is charged at a standard 40%. With the right IHT planning, gifting millions of pounds worth of estate can be tax-free. Calculating potential IHT charge earlier makes this possible, helping individuals become more aware of their tax implications, employ all applicable means to reduce the bill, and pay the right amount to HMRC.   Find out more about inheritance tax calculator UK 2024 in this article, which also covers how inheritance tax works, how it is calculated, and IHT implications on gifts, married persons and/or widows, and other relevant […]
- [Capital Gains Tax Calculator on UK Property & Asset Sales ](https://legendfinancial.co.uk/capital-gains-tax-calculator/): Contents Capital gains taxes are paid on profits generated from asset sales or transfers in the UK once the annual allowance is exceeded. Rates depend on the kind of asset sold and other factors. This article provides a quick guide to CGT and an easy-to-use capital gains tax calculator UK.  Quick Introduction to Capital Gains  A capital gain is the difference between the cost of the UK asset bought and the price it is sold for. Once the gains or profits exceed the annual allowance (tax-free threshold), the seller will have to pay capital-gains tax on the taxable gains. Assets […]
- [Spring Budget 2024: Major Take-Aways ](https://legendfinancial.co.uk/spring-budget-2024-major-take-aways/): Chancellor Jeremy Hunt has presented the details for the Spring Budget in the House of Commons, the last scheduled before the anticipated general election later this year. The speech covers a lot of grounds. Here is a roundup:  Tax Measures and Income Support  National Insurance rates reduced by 2 per cent for both employed and self-employed: employees’ NI from 10% to 8%, whilst self-employed individuals from 8% to 6%, effective beginning 6 April 2024.  An extra tax-free £5,000 allowance for ‘British ISA’ on top of the existing allowance of £20,000.  Property capital gains tax higher rate reduced from 28% to […]
- [Stamp Duty Land Tax Calculator UK ](https://legendfinancial.co.uk/stamp-duty-land-tax-calculator-uk/): Contents Stamp duty tax rates vary in England and Northern Ireland, Scotland, and Wales. This article focuses on UK stamp duty rates for non-residential properties, which differ from residential investments. It also features SDLT calculator for companies and individual property owners.   Quick Introduction to Stamp Duty  England and Northern Ireland’s stamp duty is called Stamp Duty Land Tax (SDLT), Scotland has Land and Buildings Transaction Tax (LBTT), and Wales the Land Transaction Tax (LTT), all of which are simply referred to as stamp duty land tax, SDLT, or merely stamp duty.   All UK property buyers are subject to stamp duty […]
- [A Glimpse at Spring Budget 2024: Will There Be Tax Giveaways? News](https://legendfinancial.co.uk/a-glimpse-at-spring-budget-2024-will-there-be-tax-giveaways/): Despite the Institute for Fiscal Studies’ warnings against tax cuts without clear funding sources and the increasing economic pressure on the government, Chancellor Jeremy Hunt is expected to announce tax cuts in his upcoming Spring Budget.   Chancellor Hunt has not yet confirmed tax cuts, citing less ‘wiggle room’ to manoeuvre compared to the previous year. However, speculation suggests cuts to income tax, employee national insurance, inheritance tax, and an extension of fuel duty cuts may arrive. The NI may be reduced by 1 per cent, costing £4.5 billion per year.  Analysts estimate the government’s fiscal “headroom” to be between £15 […]
- [Companies Getting Prompts from HMRC to Review AIA Claims ](https://legendfinancial.co.uk/aia-claims/): HMRC is currently scrutinising companies’ claims on annual investment allowance (AIA), which is subject to an annual limit of £1,000,000 from 2019. AIA is a form of capital allowance that provides relief to businesses on their plant and machinery investments up to the maximum annual amount. The maximum amount may differ according to the company’s length of accounting year, whether shorter or longer.  The UK government is distributing new sets of prompt letters to companies for this matter, aiming to better educate them on their tax obligations and incite necessary actions. In the letter, HMRC highlights that a group of […]
- [One to Many Prompt Disclosure on Sale of Shares for CGT](https://legendfinancial.co.uk/disclosure-on-sale-of-shares/): HMRC issues another one-to-many letters to corporations and individuals; this time, on unreported shares disposal income for capital gain tax purposes (CGT). The letter outlines what ‘disposal’ in the context of CGT means, when taxpayers are not subject to this tax, and to voluntarily disclose their sale on shares, if any. HMRC sends two versions according to the time taxpayers can amend their tax returns. For those who are within the deadline, they can simply use the government online service, whilst those who are late must write to HMRC using the details provided in the ‘prompt’ letter.   Taxpayers must […]
- [HMRC’s Latest 'Prompt’ Letters on Undeclared Dividend Income 2024](https://legendfinancial.co.uk/letters-on-undeclared-dividend-income/): Beginning 4 February 2024, HMRC has been distributing one-to-many letters specifically targeted at suspected company directors, prompting them to disclose their potentially unreported dividend profits. HMRC’s suspicions were triggered by a sharp drop in the company’s profit and loss account reserves despite income records. To HMRC, this might mean they received dividends but did not report them in their self-assessment tax returns. The reduced dividend allowance already affected approximately 3,250,000 individuals in 2023. The number may increase to around 4,405,000 in 2024. Dividend income from assets held in ISAs will remain entirely tax-free. Many business owners are pulled into the […]
- [Jeremy Hunt Warned Against Another Tax Cut in March Budget [2024]](https://legendfinancial.co.uk/another-tax-cut-in-march/): Seeing more ‘headroom’ to wiggle for tax cuts, Chancellor Jeremy Hunt is set on giving ‘crowd-pleasing measures’ before the general election, which may potentially allot a 1 per cent reduction in income tax. Whilst some economists support this plan, the International Monetary Fund (IMF) issued a stern warning against it, questioning the feasibility of anticipated tax cuts without additional borrowing or post-election spending reductions.  Landlords’ Quick Guide to the Latest HMRC Letter Whilst Hunt is expected to reduce income tax in the March Budget, the IMF recommends increasing carbon and property taxes, addressing loopholes in wealth and income taxation, and […]
- [Side Hustle Clampdown: How to Avoid Tax Investigation](https://legendfinancial.co.uk/how-to-avoid-tax-investigation/): Beginning January 2024, HMRC is stringently clamping down taxes on side hustle incomes to prevent tax evasion through the new data-sharing rules. The new tax laws require digital platforms based overseas to disclose their users’ bank information. Many people, from casual Deliveroo riders to Airbnb holiday rentors, may be taxed.    This article explores the new data-sharing rules, how HMRC is implementing the clampdown, who is affected, consequences for non-compliance, how to avoid tax investigation, and other relevant FAQs.  Landlords’ Quick Guide to the Latest HMRC Letter What Is the New Data-Sharing Rules? In 2022, the UK signed up to […]
- [Sharp Fall in Government Debt May Mean More Room for Tax Cuts  ](https://legendfinancial.co.uk/government-debt-may-mean-more-room/): Chancellor Jeremy Hunt hopes to implement further tax cuts before this year’s general election believing it is the shortcut way to enhance the UK economy, which may be announced in Hunt’s March budget 2024.  This ‘crowd-pleasing measure’ may be possible as the UK government borrowing in December showed to be much lower than the projected £14 billion debt prediction by the Office for Budget Responsibility, as the debt only amounted to £7.8 billion. This is the lowest record for the month of December since 2019, as per the Office for National Statistics.  Jeremy Hunt had hoped for more ‘headroom’ to wiggle for […]
- [New Data-Sharing Rules to Clampdown Tax on Side Hustle Income [Latest News]](https://legendfinancial.co.uk/clampdown-tax/): People who earn income from ‘side hustles’ will be taxed beginning January 2024. The UK signed up to the Organisation for Economic Cooperation and Development’s (OECD) regulations on data sharing, joining 27 other countries and jurisdictions in a global effort to prevent tax fraudulence and evasion. The cause is currently budgeted at approximately £37m.  With the new data-sharing rules, digital platforms based overseas, such as Amazon, Airbnb, Deliveroo, and Etsy are now required to share their users’ information, even bank account details. Previously, this was only possible with UK companies, but as many sellers using overseas platforms can slip through […]
- [HMRC One to Many Letters on Landlords’ Tax Relief Claims](https://legendfinancial.co.uk/one-to-many-letters-on-landlords/): Contents HMRC sends one to many letters to different taxpayer groups or agents for various purposes, with content ranging from pure information to prompts. UK landlords are HMRC’s latest targets. This article simplifies all that landlords need to know about the HMRC one to many letters they have received and what they need to do next. Landlords’ Quick Guide to the Latest HMRC Letter The latest one to many letters HMRC has been distributing since December 2023 is directed to landlords who might have tax relief claim issues on their 2021/22 self assessment records, calling that they make amendments on […]
- [Let Property Campaign: A Complete Guide for UK Landlords [Updated]](https://legendfinancial.co.uk/let-property-campaign-important-points-landlords-need-to-know/): Let Property Campaign Accountant near me HMRC had been clawing back billions from many unreported rental incomes through the Let Property Campaign. If you earn from letting your property, do not wait for HMRC to send you a nudge letter. If you disclose your income before HMRC gives you a prompt, you will have far better chances of avoiding complications. Legendary Solutions Are Just One Call Away Legend Financial is renowned for its 100% success rate in assisting disclosures. Our increasing clientele benefits from: Confidential LPC advice Streamlined registration with HMRC Full disclosure assistance 5-star service rating on Google Reduced […]
- [National Insurance Tax Cut on 6 January and What It Means [Updated]](https://legendfinancial.co.uk/national-insurance-tax/): Last 6 January, the 2p Class 1 National Insurance (NI) tax cut took effect, benefiting 27 million taxpayers in the UK, as announced in the previous year’s Autumn Statement. Prime Minister Rishi Sunak claims that this NI tax cut from 12p to 10p will mean an almost £1,000 savings for the 2024/25 tax year in a household with two average earners.  As the prime minister said, “Today’s tax cuts will directly reward hard working people, putting £450 back in the pocket of the average worker and helping them make ends meet.” Landlords’ Quick Guide to the Latest HMRC Letter The […]
- [HMRC One to Many Letters on Landlords’ Tax Relief Claims](https://legendfinancial.co.uk/one-to-many-letters/): HMRC sends one to many letters to different taxpayer groups or agents for various purposes, with content ranging from pure information to prompts. UK landlords are HMRC’s latest targets. This article simplifies all that landlords need to know about the HMRC one to many letters they have received and what they need to do next. Landlords’ Quick Guide to the Latest HMRC Letter The latest one to many letters HMRC has been distributing since December 2023 is directed to landlords who might have tax relief claim issues on their 2021/22 self assessment records, calling that they make amendments on their […]
- [Huge Tax Changes to Navigate in 2024](https://legendfinancial.co.uk/huge-tax-changes-to-navigate/): A lot of tax changes are to take effect this year, calling for major tax planning and preparation for both individuals and businesses. Businesses most especially will need their tax and legal structures reevaluated and adjusted by their accountants. To recall, these are the changes to prepare for this year in the UK: Income Tax  Lowered tax thresholds for both higher rate and additional rate taxpayers will result in about 232,000 more taxpayers pulled up into the additional tax rate band.   Full Expensing  Embarking its second year, businesses can continue to take advantage of “full expensing” or 100 per […]
- [UK to Launch Adjusted Decarbonisation Effort in 2027](https://legendfinancial.co.uk/uk-to-launch-adjusted-decarbonisation/): The UK government announced last week Monday that Carbon Border Adjustment Mechanism (CBAM) will be officially implemented in 2027, which will include aluminium, cement, ceramics, fertiliser, glass, hydrogen, iron, and steel in the levied list for carbon emissions. The decision aligns with the government’s response to a recent consultation on carbon leakage risk and decarbonisation measures, aiming to shield businesses from cheaper imports originating in countries with less stringent climate policies. The UK Emissions Trading Scheme (ETS) will collaborate closely with CBAM, with proposed changes to maintain effective financial incentives for decarbonisation within domestic sectors. In 2050, the UK aims […]
- [Scotland’s New Tax Band to Heavily Affect High Earners ](https://legendfinancial.co.uk/scotlands-new-tax-band/): Contents Scotland’s deputy first minister and finance secretary Shona Robison announced on Tuesday the Scottish Budget Statement at Holyrood, which highlighted the new advanced rate of 45% to protect public services. This new tax band will take effect by 1 April 2024. Scotland will have six income tax bands in all, whilst the rest in the UK maintains three.   The reform is set to help recompensate the £1.5bn funding deficit in the Scottish budget, which Shona attributed to failed projects. Scotland will be even harsher to higher earners “to prioritise support for those who need it the most.” Scottish income […]
- [Multinational Giants Face Another UK Tax Avoidance Accusations](https://legendfinancial.co.uk/uk-tax-avoidance/): Contents HMRC’s tax avoidance suspicions toward huge multinational companies will be recurring, as long as lack of tax treatment transparency remains. TaxWatch’s latest scrutiny shows that the UK has a total missing revenue of £11.5bn in 2023, added on top of previous years’ underpaid amounts. This is not the first accusation made, as missing revenues are reported each year and every time, “toughened” reforms are tossed aside; suspicions remain as is. Multinational companies are usually not proven otherwise despite aggressive tax planning and exploitation of UK tax loopholes. To recall the case of seven big tech US companies in 2022 […]
- [UK to Implement a New Migration Package| Glimpse of Spring 2024](https://legendfinancial.co.uk/migration-package/): Contents Interior Minister James Cleverly announced on Monday new measures for immigrants, which is to take effect from next year’s Spring Statement, aimed at cutting net migration. The Office for National Statistics (ONS) stated that the net migration had hit a record of 745,000 in 2022, offset by 557,000 emigrants.   The statistics contradicted Prime Minister Rishi Sunak’s pledge to curb new arrivals, pressuring the PM to implement tougher visa rules to add to the higher visa fees. In 2015, before the Brexit referendum, the net migration was at a mere 329,000. However, the recent special visa schemes for Ukraine and […]
- [Tax Rate on Pension Income UK 2024](https://legendfinancial.co.uk/tax-rate-on-pension-income/): Contents Setting up pension pots is one of the most tax-efficient ways to earn a steady retirement income. State pension savings, for example, can be withdrawn at the age of 66 and onward. There are some other pension schemes to choose from aside from state pension, including workplace pension and private pension.   Pension savings are considered as ordinary earnings, so you pay tax on your pension to HMRC just as with your employment earnings or other investments. How much tax you pay depends on your taxable retirement income after the starting rate allowance of 12,570 is applied.   How much tax […]
- [Construction Industry Scheme: Contractors & Subcontractors' Guide](https://legendfinancial.co.uk/cis-guide-contractors-subcontractors-in-the-construction-industry/): Contents The Pay as You Earn (PAYE) and Construction Industry Scheme CIS systems deal with taxes in a parallel manner. Employees pay taxes through PAYE, whilst self employed individuals in the construction sector pay through CIS self assessment.   This article covers everything both contractors and subcontractors need to know about the Construction Industry Scheme, including how it operates, who needs to register for CIS, scheme exceptions, advantages for when a subcontractor is registered, and how to register for CIS.   What Is Construction Industry Scheme CIS CIS tax rules govern everyone in the UK construction trade, including the responsibilities to register […]
- [Tips to Reduce Income Tax on Investments ](https://legendfinancial.co.uk/tips-to-reduce-income-tax-on-investments/): Contents When it comes to investing, tax efficiency is everything given that tax fees largely affect how much profits investors will get when the investment and savings mature. UK individuals and businesses need to pay income tax, inheritance tax, stamp duty reserve tax (SDRT), or capital gains tax (CGT) on investments, but fortunately, they have a number of savings and investment income sources that can make their savings income tax free or at least trimmed.  Anyone who wants to make the best out of their tax reliefs and allowances preferably should get into taxation planning by the start of the […]
- [Tax Relief for Your Pension Contribution: How It Works](https://legendfinancial.co.uk/tax-relief-for-your-pension-contribution/): Contents Setting up a pension scheme is one of the quickest ways to get tax relief on your annual income. The annual allowance tax relief for your pension contribution varies when you make a pension contribution and pay tax in Scotland. This article is your guide to tax relief on pension contribution, how to get tax relief, and other crucial information about relief on pensions. Types of Pension Schemes in the UK There are three major types of pension schemes in the UK, which differ in contribution requirements and eligibility criteria, specifically state and workplace pensions, both of which are […]
- [Autumn Statement 2023 Key Points and OBR Forecasts  ](https://legendfinancial.co.uk/autumn-statement-2023-key-points-and-obr-forecasts/): On 22 November 2023, Chancellor of Exchequer Jeremy Hunt announced the Autumn Statement for the year, alongside the Office for Budget Responsibility’s (OBR) economic forecasts. The statement lays out tax and wage reforms and spending plans with three priorities: to halve inflation, boost the economy, and curb debts. Here are the key points: National Insurance (NI)  In January 2024, Class 1 NI rate will be cut from 12% to 10%, affecting 27 million employees.  In April 2024, Class 2 NI will be abolished for the self-employed who earn more than £12,570.   In April 2024, Class 4 NI rate for the self-employed […]
- [Everything You Should Know About eCommerce VAT  ](https://legendfinancial.co.uk/everything-you-should-know-about-ecommerce-vat/): Contents Familiarising tax legislation relevant to their business is certainly a must for eCommerce suppliers. One kind of tax both physical and e-retailers need to take care of is the value added tax (VAT) regardless of which market they belong to, whether business to consumer (B2C) or business-to-business (B2B).  Online merchants need to understand and settle their VAT requirement as early as possible so they can stay on the right side with the tax authority and avoid the risk of penalties.  In this article, we are going to delve deeper into eCommerce VAT, including when to register, what happens after […]
- [Importance of Accounting for Your eCommerce Business ](https://legendfinancial.co.uk/importance-of-accounting-for-your-ecommerce-business/): Contents In the last two years, shopping through the internet has undoubtedly become the most preferred form of purchase amongst customers in the UK, just as it is anywhere in the world nowadays. This paved the route for plenty of merchants gaining an interest in building an eCommerce business platform and start selling their merchandise via the internet. The eCommerce market competition is becoming more intense.  For online startups to get off the ground and be at an advantage against lots of other successful ecommerce vendors, they may want to keep in mind all the crucial elements of starting an […]
- [Self Employed Accounting Software: Top Selections in 2023](https://legendfinancial.co.uk/8-best-self-employed-accounting-software/): Contents With all the hats you wear when running your business, it’s normal for your finances to occasionally fall by the wayside, but no one wants to deal with the consequences. So, before we plunge into knowing the best self employed accounting software, be familiar with their essential functions first.  Accounting software is made to assist businesses or self employed individuals in keeping track of their earnings and outlays. It prepares them for their tax returns obligations and helps them streamline their filings of self assessment tax.   There are a lot of existing accounting software for self employed nowadays, so […]
- [Ecommerce Bookkeeping: 8 Tips for Self-Employed Beginners](https://legendfinancial.co.uk/ecommerce-bookkeeping/): Contents Bookkeeping tasks are essential for successful day-to-day operations of any ecommerce business. It deals with everyday transactions such as recording, stockpiling, recovery of bookkeeping records, inventory management, and more. The more significant part occurs through cutting-edge cash flow management software, making it more straightforward to oversee and access real-time information.  Considering the importance of bookkeeping, we have created this article to provide effective tips for your ecommerce bookkeeping.  Tips for Ecommerce Bookkeeping Throughout the lifetime of ecommerce businesses, the small details may accumulate, and without proper bookkeeping, it makes the process more hassling and complicated. Someone who does good […]
- [Accountants for eCommerce: How to Pick the Best for Your Business](https://legendfinancial.co.uk/how-to-choose-the-right-accountants-for-e-commerce-business/): Contents Ecommerce accounting services are not just all about bookkeeping and tax advice but also making strategies for business growth. Numerous ecommerce sellers handle their financial and tax department without a solid ecommerce accounting background, jeopardising the firm in the long run. Ecommerce platform niche is competitive, and if you want to get ahead in the competition, you cannot afford any mistakes.  Whist it has become easier to monitor cash flow through straightforward eCommerce accounting software, inadequate accounting experience makes all kinds of errors prevalent, especially when an online business starts to deal with a huge volume of sales data. […]
- [What Happens When You Can't Pay Bounce Back Loan](https://legendfinancial.co.uk/bounce-back-loan/): Contents The bounce back loan scheme (BBLS) was a government lending support initiative for businesses struggling financially at the height of the pandemic. For the first 12 months, borrowers were not obliged to pay any capital or interest on their loans—the government took care of the interest payments throughout this period.  However, it was just that—a loan. After that one-year repayment holiday, lenders are now collecting back what they are owed. Sole traders and companies who need help with paying can avail Pay as You Grow options. This article outlines what happens to them when they cannot pay their arrears […]
- [Bounce Back Loan Extension Under the Pay as You Grow Scheme ](https://legendfinancial.co.uk/bounce-back-loan-extension-under-the-pay-as-you-grow-scheme/): Contents Now that the Bounce Back Loan Scheme and repayments are due, the Pay as You Grow scheme comes to the rescue. Implemented as a government lending support for businesses during the COVID-19 financial crisis in 2020, BBLS loans and top-up applications have since closed, and lenders are now collecting repayments. Even with the 12-month repayment holiday, many businesses still need help paying. PAYG options prove to be of great help. e. This article details all about what the bounce back loan was, how it worked, what PAYG means for businesses, loan repayment extension options through PAYG, how to apply […]
- [What Being a Sole Trader Means: Their Roles & Liabilities](https://legendfinancial.co.uk/sole-trader-who-are-they-and-what-are-their-responsibilities/): Contents In the UK, there are currently 50 per cent of self-employed individuals running their sole trader business, enjoying the freedom and autonomy that sole proprietorship allows. Most of these solopreneurs don’t even have any employees at all.  This article will serve as a comprehensive guide for people operating under sole proprietorship amongst other business structures, as we discuss everything that being a sole trader entails, including its eligibility, registration process, pros and cons, responsibilities, and more.  What Is a Sole Trader? A Sole trader is someone self-employed individuals who own and run their own businesses, with responsibilities referred to […]
- [CIS Invoice Template | Types of Invoices in the Construction Industry](https://legendfinancial.co.uk/cis-invoice-template/): CIS invoice templates ensure that construction workers comply with the Construction Industry Scheme tax requirements in their invoicing. This article tackles all about CIS invoice templates, particularly the most commonly used ones in the UK construction industry, when they should be used, what to fill out, the best practices when making an invoice, and most importantly, what not to do whilst filling the CIS invoice template. What is CIS Invoice Template and When Should It Be Used? Construction workers will have to invoice their contractors or employers for the work done. As they are under CIS and VAT regulations, they […]
- [Caught in the Accidental Landlord Setup? Here’s Your Next Move!](https://legendfinancial.co.uk/becoming-an-accidental-landlord-all-you-need-to-do-next/): Contents Approximately 30 per cent of landlords in the UK found themselves pursuing the letting business not by plan but by circumstance. These people are called “accidental landlords” who will then have to grapple their way to new responsibilities being in this position, from switching to a new mortgage set-up to dealing with tax and other legal obligations and relevant legislation.  Property rental is a serious venture, and it’s easy for an amateur landlord to make mistakes around it as the property market and relevant renting rules in England, Scotland, Northern Ireland, and Wales are constantly changing. Whilst they have a […]
- [CJRS Issue on Overclaimed Funds: Complete Guide for Employers](https://legendfinancial.co.uk/cjrs-current-issue-overclaimed-funds/): Contents Given the government’s quick need to provide wage support measures for the employer, trade union on a collective agreement, and furloughed employee impacted by the unforeseen COVID-19 pandemic, the pace for introducing the Coronavirus Job Retention Scheme (CJRS) was in a rush and at such a moment of crisis, was updated between short spans of time at some point. It was therefore inevitable for employers to make mistakes, particularly in overclaiming funds, for various reasons.  From August 2020 until now, HMRC has been doing compliance checks, looking into the employers who were most likely to have made mistakes under the […]
- [UK Unemployment Rate Rose to 3.9% ](https://legendfinancial.co.uk/uk-unemployment-rate-rose-to-3-9/): The decline in payroll figures showed an increasing unemployment rate to 3.9% for the first time in two years. There are clear indications of reduced demand for labour, as evidenced by a drop of 136,000 employees between March and April. This decrease in the number of workers on UK employers’ payrolls reflects the impact of the stagnant economy on the country’s job market. The Office for National Statistics has released fresh data revealing a decline of 136,000 employees between March and April, marking the first decrease since February 2021. While the ONS states that these figures are provisional, payroll numbers […]
- [First-Time UK Buyers Have Seen Increase in Mortgage Costs Since Last Year ](https://legendfinancial.co.uk/first-time-uk-buyers-have-seen-increase-in-mortgage-costs-since-last-year/): Recent data from Rightmove shows that new first-time buyers in the UK are paying nearly £200 more per month on their mortgages than they did a year ago due to higher home loan rates and record asking prices for properties. This indicates challenging conditions for those trying to enter the housing market, as house prices continue to rise and average rents hit new highs. The average monthly payment for a new first-time buyer with a 15% deposit is now £1,056, compared to £865 a year ago. This increase is based on the average asking price for properties popular with first-time […]
- [Tax on Investment Income: An Introduction to Your Liabilities ](https://legendfinancial.co.uk/tax-on-investment-income-a-simple-guide/): Contents Have you earned income from investments, received savings interest, or collected dividends? These are all interconnected ways your money can grow. But did you know that tax on investment income applies to these earnings in the UK? This guide will break down what you need to know about your tax liabilities. By understanding the different types of income, you will learn when and how much tax is to be paid.  Understanding Tax on Investment Income UK  In the UK, investment income does not come without its share of tax implications. Whether you are earning dividends from shares, interest from […]
- [UK Supermarkets Face Profiteering Probe Amidst Soaring Inflation](https://legendfinancial.co.uk/uk-supermarkets-face-profiteering-probe-amidst-soaring-inflation/): Amidst the current cost of living crisis, Britain’s largest supermarkets are facing calls for an investigation by the UK’s competition watchdog over claims of profiteering. In April, food price inflation reached a record high, which added pressure on households throughout the country. The leader of the Liberal Democrats, Ed Davey, has urged the Competition and Markets Authority (CMA) to investigate whether supermarkets and food multinationals are taking advantage of the situation. According to government data, food and drink prices increased by almost 20% in the year leading up to March, which is the fastest rate of annual growth since 1977. […]
- [Sunak Mulls Inheritance Tax Cut Ahead of General Election](https://legendfinancial.co.uk/sunak-mulls-inheritance-tax-cut-ahead-of-general-election/): Before the upcoming general election, Prime Minister Rishi Sunak is considering lowering the country’s inheritance tax, citing people familiar with the situation. Sunak was enthusiastic about the notion whilst he was the Chancellor of the Exchequer under Boris Johnson. However, legislative recommendations have yet to be made public. The rising tax burden right at postwar has the Conservatives worried about a backlash from voters. Sunak has referred to himself as a “low-tax Conservative” numerous times. According to polling, a reduction in inheritance tax would be widely supported. A YouGov poll conducted in October on behalf of Kingsley Napley found that […]
- [Revised Charitable Reliefs to Support UK Philanthropy ](https://legendfinancial.co.uk/revised-charitable-reliefs-to-support-uk-philanthropy/): The government has altered charitable relief regulations to support the UK’s philanthropic sector. This legislation changes particular goals, the new limitations and specifications for charities and (Charities and Community Amateur Sports Clubs) CASCs, and the effects these adjustments will have on the sector. This policy revision’s main goals are to direct tax reliefs to charities and CASCs with UK registrations, improve the use of tax reliefs’ transparency and accountability, and strengthen the legal structure that oversees charities and CASCs in the UK. The new policy concerning charities and CASCs stipulates that to qualify for tax reliefs, they must be registered […]
- [Submit & Modify P11D & P11D (b) Online in 2023 ](https://legendfinancial.co.uk/submit-modify-p11d-p11d-b-online-in-2023/): Employers must submit and modify forms P11D and P11D (b) online, except for those digitally excluded. Forms P11D and P11D (b) on original or amended paper will be disregarded. Employers should submit the P11D “before 7 July” yearly under Regulation 85 of The Income Tax (Pay as You Earn) Regulations 2003. This corresponds to the widely recognised deadline of 6 July. The term “or” is removed from the Social Security (Contributions) (Amendment No. 2) Regulations 2023. Assuming the employer is not digitally excluded, electronic P11D (b) submission is the only alternative starting on 6 April 2023. Employers submit a P11D […]
- [UK Government to Allay Windfall Tax to Oil and Gas Sector ](https://legendfinancial.co.uk/uk-government-to-allay-windfall-tax-to-oil-and-gas-sector/): The UK government is projected to present significant tax relief to its petrol and oil industries in the coming week. Rishi Sunak, the prime minister, asserts that this step will augment investments and the nation’s energy security. As per deal reached between the sector and politicians, energy prices will no longer be subject to the 35% windfall fee on earnings if they fall below a predetermined “normal” long-term level. According to officials close to the negotiations, Chancellor Jeremy Hunt is reportedly amenable to the proposal because it would give a sector being pushed to invest in new energy projects fiscal […]
- [UK Chancellor Avoids Recession in Spring Budget 2023 ](https://legendfinancial.co.uk/uk-chancellor-avoids-recession-in-spring-budget-2023/): On 15 March 2023, the Chancellor of the Exchequer created the Budget with assistance from his department, the Treasury, and told the MPs that the UK economy would avoid a recession in 2023 as inflation declines from current highs. The UK Chancellor tries to fulfil three crucial government aims in the Spring Budget 2023: increase economic growth, lower inflation, and ensure public debt declines. The Budget also promotes corporate investment with a new complete expensing system for equipment and a better credit system for SMEs focusing on R&D. The following are the critical points for the spring budget of 2023: […]
- [TCL Shut Down for Major Anti-Money Laundering Violations](https://legendfinancial.co.uk/tcl-shut-down-for-major-anti-money-laundering-violations/): A business that charged people a considerable amount to file claims for tax refunds without further transparency has been shut down. Once HMRC determined that Tax Credits Ltd (TCL) had engaged in major anti-money laundering violations, TCL could no longer operate as a repayment agent. TCL primarily intended their services to prevent criminals from exploiting enterprises and laundering money, but the agency was soon discovered to have seriously violated the law after HMRC announced improved protections for clients utilising repayment agencies. Taxpayers can use repayment agents to submit claims for tax refunds. However, many taxpayers have expressed dissatisfaction with the […]
- [Government Increases Rate of the National Living Wage to £10.42](https://legendfinancial.co.uk/government-increases-rate-of-the-national-living-wage-to-10-42/): The government revealed the new National Living Wage (NLW) rates that will be in effect starting in April 2023. The NLW will now be at a rate of £10.42, an increase of 92p from the previous amount. This is intended to aid employees and families in their ongoing battle against problems brought on by the cost-of-living crisis. The rates are primarily based on the Low Pay Commission (LPC) recommendations. The following rates will be in effect as of 1 April 2023: Employee’s age Current rate From April 2023 National Living Wage £9.50 £10.42 21-22 year olds £9.18 £10.18 18-20 year […]
- [Britain Unexpectedly Gains Record Tax Payment Following January ](https://legendfinancial.co.uk/britain-unexpectedly-gains-record-tax-payment-following-january/): The UK’s economic picture has become worrisome as the budget deadline draws nearer daily. Nevertheless, a glimmer of hope has been provided, which might allay some fears and position the public for a less-than-dire budget. In January, the government spent less than it received in taxes, making a surplus of £5.4 billion. This year, a record number of returns were received, which gave the country this extra tax money. In light of the upcoming budget, economists said the statistics painted a “mixed picture,” with the public finances still poorer than they were at this time last year. On March 15, […]
- [For Stafford’s Poorest Households, the End of Council Tax Is Near ](https://legendfinancial.co.uk/for-staffords-poorest-households-the-end-of-council-tax-is-near/): On Thursday, 9 February, senior council members at Stafford Borough Council suggested amendments to the Local Council Tax Reduction (LCTR) programme, which would result in some families not having to pay council tax for the 2023–24 fiscal year. This month’s full council meeting will decide whether to approve the proposed reprieve for Stafford Borough families severely struck by the cost-of-living problem. If approved, the amendment would result in zero council tax for the fiscal year 2023–2024 for homeowners with the lowest incomes. More than 4,500 homes with adults of working age will have benefitted from the reform from April. A […]
- [Tax Benefits for Employees on Driving an EV](https://legendfinancial.co.uk/tax-benefits-for-employees-on-driving-an-ev/): Electric cars are a more environmentally beneficial option than using a diesel or gasoline engine. Working individuals can take part in this by reducing their tax payments through a Salary Sacrifice Car Scheme, which offers several tax and personal benefits savings for the employee who pays for their electric vehicle from their gross salary before tax. Electric car salary sacrifice is a strategy to reduce the cost of operating an electric vehicle by forgoing a portion of an employee’s gross salary. It means an employee can drive an electric automobile for less money than lease one using his or her […]
- [Proposed Carbon Border Tax Aims to Foster Green Steel Technologies](https://legendfinancial.co.uk/proposed-carbon-border-tax-aims-to-foster-green-steel-technologies/): As part of a £600 million support package to assist Britain’s two largest steelmakers, British Steel and Tata Steel, in investing in greener technologies and preventing the loss of thousands of jobs, the UK will propose a carbon border tax to levy imported steel. According to the Financial Times sources acquiring knowledge of the issue, one possibility is implementing a carbon border adaptation mechanism similar to the one the EU agreed to last year, which will compel importers to pay tax when their steel imports’ carbon emissions exceed the specified limits. Steel production is a significant source of greenhouse gas […]
- [UK’s R&D Tax Relief Modification; Draft Legislation](https://legendfinancial.co.uk/uks-rd-tax-relief-modification-draft-legislation/): Intending to ensure that the programme is modernised, affordable, and in better compliance, the government announced proposed legislation in July 2022 addressing significant modification to the UK’s Research and Development (R&D) tax incentives to take effect on 1 April 2023. On 20 December 2022, HMRC released a draught guidance document outlining the specifics of how these reforms will operate in practice, as well as summarising the substantial additional data that claimants will now be expected to provide to make a claim. This is the last chance for claimants to give HMRC feedback on the amendments, as the final legislation is […]
- [Scottish Budget: Increase in Income Tax for More Prosperous Scots](https://legendfinancial.co.uk/scottish-budget-increase-in-income-tax-for-more-prosperous-scots/): Deputy First Minister John Swinney spoke about the government’s tax and spending proposals, focusing on the NHS and social security. Despite households battling a cost of the living problem, he said that Scotland’s income tax higher rate would increase from 41p to 42p, and its top rate will climb from 46p to 47p by April next year. According to the Chartered Institute of Taxation, a person making £50,000 will pay £1,552.48 more in taxes next year and an additional £63.38 than they would in a lower-tax bracket. Meanwhile, Scots making £150,000 will pay an extra £2,432.08 and £3,857.88, which is […]
- [From 2023, Grocers Will Get a Nearly £550 Million Tax Break](https://legendfinancial.co.uk/from-2023-grocers-will-get-a-nearly-550-million-tax-break/): According to new research, UK grocers and supermarkets will receive a tax break worth about £550 million over the next three years. It comes after a revamp of the business rates system of property taxes that resulted in the revaluation of more than 500,000 retail buildings in England and Wales. According to commercial property advice firm Altus Group’s analysis of official government data, supermarket companies will gain from a 10% fall in value due to the adjustments. Following complaints from businesses, notably Tesco, that the old rateable values needed to be updated, new rateable values, which will serve as the […]
- [Brazil and the UK Established an Agreement to Prevent Double Taxes.](https://legendfinancial.co.uk/brazil-and-the-uk-established-an-agreement-to-prevent-double-taxes/): Significant progress in bilateral trade between the UK and Brazil occurred on November 29, 2022, when they signed a Double Taxation Agreement (DTA). Due to the Agreement, both countries will no longer be taxing revenue twice.  By the tax laws of both contracting states, money obtained by or via financially transparent entities shall be recognised as income of a resident of a contractual state, according to an article of the tax treaty. A clause that addresses technical service fees is also based on the UN Model Double Taxation Convention. The Treaty stipulates the following withholding tax rates for source-country taxation […]
- [2023 Corporation New Tax Rate](https://legendfinancial.co.uk/2023-corporation-new-tax-rate/): On the Autumn Statement 2022, Chancellor Jeremy Hunt announced that an increase of up to 6 per cent in the corporation tax rate for companies with profits more than £250,000 will continue to take place in 2023, which means that the rate of corporation tax (CT) is set to rise variably from 19 to 25 per cent next year. Temporarily cancelled by the ex-Prime Minister Liz Truss who didn’t believe in the tax rise, the change in corporation tax rate continues, especially with Rishi Sunak now being the new Prime Minister. Cancellation of the tax rise will not happen, and […]
- [Van Benefit Charges and Fuel Benefit Charges Are to Be Increased by April](https://legendfinancial.co.uk/van-benefit-charges-and-fuel-benefit-charges-are-to-be-increased-by-april/): The van benefit and fuel benefit data for automobiles is one of the important news for mid-December 2022. From 6 April 2023, the van fuel benefit charge and van benefit rate will increase. Sections of the Income Tax (Earnings and Pensions) Act 2003 will be amended by statutory instrument, as per HMRC, to increase the cash equivalent of fuel benefit levies for vehicles and vans based on the amount from the September 2022 Consumer Price Index. According to HMRC, the annual uprating measures revealed in the Autumn Statement guarantee that the tax system will continue to support the viability of […]
- [Christmas Gets More Expensive This Year as Food Inflation Hits New High](https://legendfinancial.co.uk/christmas-gets-more-expensive-this-year-as-food-inflation-hits-new-high/): Based on recent data from the trade association British Retail Consortium, meat, eggs, and milk prices increased to new records in November, a “bleak” winter for millions of households. Fresh foods saw the most price increases, with inflation climbing to 14.3% from 13.3% in October. Increases are predicted to continue into next year. As a result of price increases for items like sporting equipment, overall retail price inflation increased to 7.4% in November from 6.6% the previous month, the highest level since at least 2005. Poorer households, many of which are already battling with increasing energy bills, are expected to […]
- [Expanded Insulation Scheme; Households Might Save £310 Per Year](https://legendfinancial.co.uk/expanded-insulation-scheme-households-might-save-310-per-year/): The government provides an expanded programme to insulate Britain’s draughtiest homes, helping households potentially save up to £310 per year. Beginning in the spring of 2023, it will invest £1 billion on incentives for households with low energy efficiency ratings and lower council tax categories. The statement says that households need to check first whether their energy provider or council is participating or not, making some question why the funds wouldn’t be readily accessible throughout the winter. The ECO+ programme will enable homeowners who do not currently receive any other government assistance, according to the Department for Business, Energy, Industry […]
- [New VAT Penalty Regime](https://legendfinancial.co.uk/new-vat-penalty-regime/): With the transition to Making Tax Digital (MTD) and the need for VAT-registered firms to file VAT returns using MTD-compliant software starting in November 2022, HMRC is implementing a new penalty system beginning in January 2023 for late or unpaid VAT returns. The new penalty system for VAT will be introduced from January 2023 rather than April 2022, which is a much-welcomed change given the decreased penalty. Presently, a VAT-registered business is still subject to the default surcharge regime if its VAT return is not submitted and VAT dues are not paid on time. When there is no VAT due […]
- [HMRC Launches Campaign to Tackle Offshore Corporations Owning UK Property](https://legendfinancial.co.uk/hmrc-launches-campaign-to-tackle-offshore-corporations-owning-uk-property/): Beginning in November 2022, two batches of nudge letters will be distributed. These are meant to urge recipients to disclose any identified unpaid UK tax liabilities to HMRC and request a review of potential non-compliance. The Chartered Institute of Taxation (CIOT) states that HMRC will start a new campaign to address non-compliance associated with offshore corporations owning UK property. Using information from the Land Registry and other sources, HMRC has reviewed non-resident corporation owners of UK real estate.  HMRC identified overseas property owners who might still need to comply entirely with their UK tax obligations thanks to this review. Now, […]
- [Chancellor Hunt Considers Inheritance Tax to Fill Fiscal Hole](https://legendfinancial.co.uk/chancellor-hunt-considers-inheritance-tax-to-fill-fiscal-hole/): When announcing the UK government’s spending plans, Chancellor of the Exchequer Jeremy Hunt is considering obtaining extra revenue from inheritance tax to plug a £35 billion ($40 billion) fiscal hole. Since 2009, the nil rate has been fixed at £325,000, and it was supposed to stay there until 2025–2026.According to reports, Hunt is considering extending the freeze until 2027–2028, which would bring in at least £500 million. Since the high rate of inflation, freezes in the tax-free limits result in higher taxes overall. The Treasury has locked the income and capital gains tax thresholds until 2025 or 2026. The individual […]
- [April 2024: Preparing for Digitalizing Income Tax Self-Assessment](https://legendfinancial.co.uk/april-2024-preparing-for-digitalizing-income-tax-self-assessment/): Sole traders, landlords, and other businesses earning from multiple resources or on ordinary partnerships that earn more than £10,000 annually have already been required from April this year to transition into making tax digital for income tax self-assessment (MTD for ITSA) rather than using the old HMRC website for filing tax returns, which will take full effect on April 2024. This affects 2.6 million self-employed businesses, 1 million landlords, 0.2 million ordinary partnerships, and 380,000 businesses earning from multiple resources. Those earning less than £10,000 can continue using the traditional filing through the HMRC system as well as those who […]
- [New UK PM Rishi Sunak to Tackle Lingering Economic Crises](https://legendfinancial.co.uk/new-uk-pm-rishi-sunak-to-tackle-lingering-economic-crises/): Following chaotic few days after Liz Truss' resignation, Rishi Sunak is to become the new prime minister of the United Kingdom. 
- [New Chancellor of Exchequer Discards Almost All Tax Cuts ](https://legendfinancial.co.uk/new-chancellor-of-exchequer-discards-almost-all-tax-cuts/): The surprising moves by new finance chief Jeremy Hunt, parachuted into the job on Friday to replace sacked Kwasi Kwarteng, leaves Truss’ position in a precarious state after a series of embarrassing retreats. Chancellor of Exchequer Jeremy Hunt scrapped almost all of the debt-fuelled tax cuts it had revealed last month to prevent new market panic. The dramatic U-turn includes: Scrapping the lowest income tax rate from 20% to 19%. Lowering dividend tax rates. Rolling back off-payroll working changes. Allowing tourists to recover their VAT refunds. Freezing alcohol duty rates. According to Hunt, the annual amount of the reversed tax […]
- [HMRC Increases Its Interest Rate on Late Payments](https://legendfinancial.co.uk/hmrc-increases-its-interest-rate-on-late-payments/): The central bank is gradually raising interest rates as Britain undergoes significant change, including a new government and monarch, to prevent high inflation from spreading over the country’s economy. The Bank of England’s nine-member rate-setting committee voting for higher hikes in the interest rate, concludes that the risks of enduring inflationary pressures outweighed the economy’s immediate threats. HMRC will modify its late payment interest rates as the Bank of England Monetary Policy Committee decided to raise the base rate by 0.5% to 2.25% from 1.75% on 22 September 2022. In response to the pound hitting a record low versus the […]
- [BOE To Launch A £65 Billion Emergency Bailout ](https://legendfinancial.co.uk/boe-to-launch-a-65-billion-emergency-bailout/): The financial crisis brought on by the mini-budget, which prompted the Bank of England (BOE) to seek a £65 billion emergency bailout, was centred on Britain’s pension funds on Wednesday. Bank of England claimed it had no choice but to step in to defend the UK financial system due to the sharp increase in government borrowing prices since the chancellor’s remarks. In few days after Kwarteng’s unfunded tax giveaways, the sources claimed the unexpected action was required to stop a vicious circle in the bond markets from depleting pension funds of cash and putting them at risk of insolvency. The BOE was […]
- [Kwasi-Kwarteng's Mini Budget 2022: Key Points in Tax Cuts ](https://legendfinancial.co.uk/kwasi-kwartengs-mini-budget-2022-key-points-in-tax-cuts/): Chancellor Kwasi Kwarteng announced last 23 September his mini-budget or “Growth Plan,” which is considered to have implemented the biggest tax cuts in a generation. Massive cuts are applied to income tax, National Insurance, corporation tax, Universal Credit, stamp duty, and alcohol duty rate. Here are the main points: National Insurance From November 2022, National Insurance contributions are reduced at 1.25%, withdrawing the increase implemented in April announced by the former chancellor Rishi Sunak, which should have been applied for the rest of this tax year. This would help approximately 28 million people to keep £330 of their income per […]
- [Government Borrowing in August the Highest in Records ](https://legendfinancial.co.uk/government-borrowing-in-august-the-highest-in-records/): The UK government borrowed £11.8bn in August in preparation for helping the public with the soaring costs of living, which is almost twice as much as what the Office for Budget Responsibility forecasted for the month. With the Bank of England’s continuous interest rate hikes in response to the robust inflation, the interest to be paid amounted to 22.1% since last year. In August alone, the debt interest is £8.2bn, the highest since the records started in 1997 as per Office for National Statistics (ONS). According to Martyn Beck, chief economic advisor to the EY Item Club and former Treasury […]
- [PM Liz Truss's Bold Measures for the Rising Energy Costs](https://legendfinancial.co.uk/pm-liz-trusss-bold-measures-for-the-rising-energy-costs/): The new Prime Minister Liz Truss tackles severe economic headwinds with bold measures for the skyrocketing energy bills. Hours before the Queen’s death, she announced Energy Price Guarantee for households and an “equivalent support” for businesses, effective starting 1 October this year and will end by 2024. This energy bill freeze will replace the former price cap set by the regulator OFGEM and given alongside former chancellor Rishi Sunak’s universal discount of £400, which means energy bills will be frozen or capped at £2,500 for average households for two years and provide an equivalent relief for hospitality and public sectors […]
- [New UK Prime Minister Liz Truss with Vows of Tax Cuts ](https://legendfinancial.co.uk/new-uk-prime-minister-liz-truss-with-vows-of-tax-cuts/): After a summer-long internal campaign triggered by Boris Johnson’s resignation in July, Liz Truss defeated her competitor, former finance minister Rishi Sunak, by 81,326 votes to 60,399 votes. Former foreign secretary Truss will succeed Boris Johnson as the country’s next prime minister in a time of economic danger and political unrest in the UK. Elizabeth Truss, the third female prime minister in the history of the UK, is the 56th prime minister to hold the position. She gained the support of her party’s grassroots members by promising tax cuts and being loyal to Johnson. Both of the previous female prime ministers, […]
- [Tax Compliance Updates for Taxi, Private Hire, and Scrap Dealers](https://legendfinancial.co.uk/tax-compliance-updates-for-taxi-private-hire-and-scrap-dealers/): Beginning on 4 April 2022, effective in Wales and England, the government requires tax checks on individuals, business partners, or those who operate through company structures that deal with taxis, private hires, or scrap metals when they renew or apply for the same kind of license (of expired validity or from other licensing authority). Specifically, those who have to go through this prerequisite tax check include taxi drivers, private hire vehicle drivers, private hire vehicle operators, scrap metal collectors, and scrap metal sites. Tax checks will need to be done every few years, completed by the individual himself, to make […]
- [Rishi Sunak’s Opposing View Over Tax Cut](https://legendfinancial.co.uk/rishi-sunaks-opposing-view-over-tax-cut/): Rishi Sunak showed concerns regarding the pressure and living standards in the light of tax scenarios as he stated that cutting taxes now without balancing the books would “stoke inflation, increase borrowing and only worsen the current cost of living pressures.” As the requirement of twenty other members of Parliament (MPs) was generated by the 1922 committee of Tory backbenchers regarding different leaders, Rishi Sunak, Tom Tugendhat, and Penny Mordant were able to secure their candidacy. The final leader will be selected by September 5 through a gradual voting process. The person with minimum votes will be eliminated consequently. Many […]
- [Tips on How to Deal With The Different Types of Cash Flow for eCommerce](https://legendfinancial.co.uk/tips-on-how-to-deal-with-the-different-types-of-cash-flow-for-ecommerce/): Contents Current events such as the global pandemic and uncertain economy can be a few of the most significant factors for businesses to spiral down into a cash crunch or worse, bankruptcy. But when backtracked how most businesses went without adequate funds to continue their normal business operations, one huge reason is poor cash flow management. How eCommerce businesses manage their cash flow can make or break their success. This post helps them understand this accounting aspect—from the various types of cash flow, analysis, management, to dealing with cash flow problems—and be on top of their finances. What is Cash […]
- [Finance Bill 2022-23: CGT Relief for Separating Spouses & Partners](https://legendfinancial.co.uk/finance-bill-2022-23-cgt-relief-for-separating-spouses-partners/): The government has released a draft tax legislation before its potential inclusion in the Finance Bill 2022–2023 to allow for technical consultation. The upcoming Finance Bill will include some helpful relaxing rules governing a marriage’s dissolution. Currently, the “no gain, no loss” treatment—the overall capacity to transfer assets between spouses (or civil partners) without risk of capital gain arising—lasts only through the end of the tax year in which the parties formally divorce. Draft legislation has now been released for technical review, which will be closed by 14 September 2022. By the recommendations, the parties will have up to three […]
- [Bank of England cuts rate to 3.75% for households and businesses ](https://legendfinancial.co.uk/bank-of-england-cuts-interest-rate-3-75/): On 18 December 2025, the Bank of England reduced its main interest rate from 4% to 3.75%. This is the lowest level in nearly three years. The Monetary Policy Committee approved the decision in a close 5–4 vote. The rate cut helps the households and businesses by making borrowing cheaper and supporting the UK economy (source: Bank of England).  Lower interest rates should reduce monthly loan and mortgage payments. This also helps businesses and households plan their finances more effectively. Businesses may find it easier to access funding, which can support investment, expansion, and day-to-day cash flow. Overall, the goal is to ease financial pressures […]
- [Autumn Budget 2025 and what it means for your money ](https://legendfinancial.co.uk/uk-autumn-budget-2025-tax-changes/): The Chancellor, Rachel Reeves, has delivered the first Autumn Budget of this Parliament. She called it “a decade of national renewal.” This Budget brings real, immediate changes that could affect your income, savings, and long-term plans.  Here’s a clear and practical breakdown of what this year’s Budget means for you, and the steps you may need to consider next.  1. Frozen Tax Thresholds Until 2031  Income Tax and National Insurance thresholds will stay frozen for another six years.  This freeze acts like a stealth tax. As your income rises with inflation or career growth, more of it gets pulled into higher tax bands. Over […]
- [Bank of England warns of AI stock bubble, UK investors at risk ](https://legendfinancial.co.uk/bank-of-england-warns-ai-stock-bubble-risk/): The Bank of England (BoE) issued a sharp warning on 8 October 2025, cautioning that certain AI and technology stocks may be overvalued, particularly those heavily tied to high AI growth expectations. The warning does not apply to all companies that use AI.   The Financial Policy Committee (FPC) said stock values “appear stretched,” particularly for firms centred on artificial intelligence. It warned that this heightens the risk of a sharp market correction if confidence in AI’s potential weakens.  The BoE listed factors that could cause prices to fall:  Disappointing progress or slow adoption of AI technology.  Increased competition in the […]
- [Bank of England explores digital pound as future UK currency ](https://legendfinancial.co.uk/bank-of-england-digital-pound-uk-currency/): The Bank of England and HM Treasury began formally considering a national digital currency in 2021, launching a joint taskforce to explore what’s now called the digital pound. A full consultation followed in 2023, and by 2024, the government confirmed public backing to keep developing the idea without committing to a rollout.  As of 2025, the project is still in its design phase, testing technology and policy through a Digital Pound Lab. A final decision isn’t expected before 2026, and rollout if approved would come in the late 2020s. Growing privacy, security, and cost concerns may yet stall or reshape […]
- [Chancellor confirms date of Autumn Budget 2025 ](https://legendfinancial.co.uk/uk-autumn-budget-2025-date/): Chancellor Rachel Reeves has confirmed the Autumn Budget will take place on 26 November 2025. As with the Spring Statement earlier this year, this annual budget is a decisive event, where the government will reveal new fiscal measures in 2026, including possible tax changes and adjustments to reliefs.   The mid-year updates on the economy and public finances are setting the stage for a more assertive budget. In November, the government will outline its tax and spending plans for the year ahead.   How this will affect you: The Autumn Budget will directly impact on your paycheques, household budgets, and financial planning […]
- [UK economy grows, but tax jitters hit business confidence ](https://legendfinancial.co.uk/uk-economy-grows-tax-jitters-business-confidence/): The UK economy may look like it’s picking up speed. In the second quarter, GDP rose by 0.3%, a sign that things are moving in the right direction.  But whilst the numbers sound positive, business confidence is still shaky. And tax fears are at the heart of it.  A new CBI survey paints a worrying picture. The manufacturing sector shows a balance of -33% for total order books. Behind the headline growth, businesses like yours are bracing for impact.  With the Autumn Budget announcement just around the corner, one thing is certain: you will face new tax challenges.  Why You […]
- [HMRC’s 2030 roadmap to completely digitalise UK tax systems ](https://legendfinancial.co.uk/hmrc-2030-digital-tax-roadmap-uk/): HMRC recently updated their Transformation Roadmap to making the UK’s entire tax systems entirely digital by 2030. By 2028, HMRC expects 90% of tax interactions to take place online, reducing volumes of paper letters and phone calls. Apps and AI will soon handle most of your tax affairs.  This digital shift will make managing your taxes as easy as online banking, helping HMRC collect tax bills more efficiently at the same time.  Why This Digital Tax Transformation Matters  HMRC’s latest roadmap will close the current tax gap (the difference between what’s owed and what’s collected by HMRC). Leveraging digital tools […]
- [Announcement: Legend Financial partners with Portman Finance Group UK](https://legendfinancial.co.uk/legend-financial-portman-finance-partnership/): Legend Financial is delighted to announce our new partnership with Portman Finance Group. This collaboration marks an exciting step forward. Access to the right financial support can make all the difference when it comes to growing your business. And now our clients have even more opportunities to secure the funding they need to invest, expand, and succeed. Who are Portman Finance Group? Founded in 2007, Portman Finance Group has already helped more than 20,000 UK businesses by arranging over £1.5 billion in funding. They work with companies of all shapes and sizes, from ambitious start-ups to well-established enterprises. What sets […]
- [New mandatory Director ID verification starts November 2025 ](https://legendfinancial.co.uk/mandatory-director-id-verification-uk-november-2025/): From 18 November 2025, identity verification will be mandatory with Companies House, and failure to comply may lead to a criminal offence. Over 6 million UK company directors and people with significant control (PSCs) are now on notice.   This change, coming from the Economic Crime and Corporate Transparency Act 2023, will effectively deter fraudulent or shell entities, all whilst protecting legitimate businesses, suppliers, and customers.   Who Needs to Verify and When?  With millions of people to verify, Companies House is using a phased approach. Starting 18 November 2025, you should be verified, but deadlines vary. It depends on your role […]
- [HMRC is coming for directors: are you on the list?](https://legendfinancial.co.uk/hmrc-director-investigations-warning/): HM Revenue & Customs (HMRC) has launched a new enforcement campaign aimed directly at company directors. If you are a director who had a loan released or written off between April 2019 and April 2023, you may soon receive what is known as a “nudge letter.” But make no mistake. This isn’t just a friendly reminder; it’s a red flag. And it’s time to act!  What’s Happening?  HMRC has identified a pattern of undeclared income linked to directors’ loans. These are cases where directors received money from their companies and either never repaid it or had the debt written off. […]
- [Tax on Rental Income | Relief and Other Landlord Liabilities](https://legendfinancial.co.uk/how-much-tax-do-you-pay-on-rental-income/): The amount of tax on rental income you pay depends largely on your taxable income, the profit you earn from letting out a rental property, and your overall employment status. 
- [Don't Get Fined! HMRC's Digital Eye is on Your Online Income. ](https://legendfinancial.co.uk/mandatory-payrolling-of-benefits-deferred/): Do you have a side hustle going online? Maybe you are selling some amazing crafts on Etsy, renting out rooms on Airbnb, or perhaps earning from your skills on Upwork.
- [Self Employed Income Tax Rate & Allowance: 2025/26 Tax Year Guide    ](https://legendfinancial.co.uk/self-employed-tax-rate-a-brief-guide-to-income-tax/): Contents Working for yourself comes with many rewards, but understanding your tax obligations is also paramount. Unlike employees who have tax deducted automatically through PAYE, self-employed individuals in the UK manage their income tax via Self Assessment. This comprehensive guide will walk you through everything you need to know for the 2025-2026 tax year, including the current self-employed income tax rates and available allowances.  What Is Self Employed Income Tax?  If you work for yourself as a sole trader or in a partnership, you pay income tax on your profits through a system called Self Assessment. If you are a […]
- [What Is First Time Buyer Stamp Duty Relief? [2025] ](https://legendfinancial.co.uk/first-time-buyer-stamp-duty/): When buying a property in the UK, stamp duty is a crucial consideration as it can add thousands to the purchase price. 
- [HMRC to Crack Down on Crypto: Automatic Reporting Begins in 2026 ](https://legendfinancial.co.uk/hmrc-to-crack-down-on-crypto/): 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).  This marks a big change in how crypto is taxed and tracked. Exchanges in former crypto havens like the Cayman Islands, UAE, and Switzerland must now share user identity and transaction data directly with tax authorities, including HMRC.  Who Will Be Affected?  Under the Cryptoasset Reporting Framework (CARF), the upcoming changes apply to anyone […]
- [Mandatory payrolling of benefits deferred to April 2027 ](https://legendfinancial.co.uk/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.   P11Ds were used for reporting taxable benefits from the early 1960s until voluntary payrolling of BIKs was introduced. This deferral greatly helps employers as the transition is not that simple.  Currently, voluntary payrolling only covers income tax via PAYE, whilst Class 1A NIC is still paid annually. From April 2027, Class 1A […]
- [How the 2025 company car tax update impacts your BIK ](https://legendfinancial.co.uk/how-the-2025-company-car-tax-update-impacts-your-bik/): From 6 April 2025, changes to company car tax came into effect. These new rates can affect how much Benefit-in-Kind (BIK) tax you pay. These changes were first announced in the Autumn Budget 2024 and have already started to impact certain types of vehicles more than others.  Switching to a low-emission or electric vehicle can now be more beneficial than ever.  BIK Rate Changes  Electric Vehicles (EVs): The BIK rate increased from 2% to 3% for the 2025/26 tax year. This rate will continue to rise by 1% annually, reaching 5% by 2027/28.   Ultra-Low Emission Vehicles (ULEVs): For vehicles emitting […]
- [All You Need to Know About Stamp Duty Tax ](https://legendfinancial.co.uk/stamp-duty-tax/): Stamp duty land tax SDLT is the tax imposed on buyers for the properties or pieces of land they bought in England or Northern Ireland. 
- [Stamp Duty Land Tax Rates 2025/26](https://legendfinancial.co.uk/stamp-duty-land-tax-rates/): Contents Property purchases in the UK must be paid stamp duty by the buyer. In England and Northern Ireland, it is called Stamp Duty Land Tax (SDLT). In Scotland, it is Land and Buildings Transaction Tax (LBTT). Lastly, it is called Land Transaction Tax (LTT) in Wales.    In this guide, we break down the updated 2025 stamp duty land tax rates across all UK regions, covering both residential and non-residential properties. Let’s get you tax-ready before you sign on the dotted line.  Stamp Duty Land Tax Rates UK  Stamp duty bill is based on the following:  How much the property […]
- [Child Benefit claimant from 1978-2000? HMRC might owe you money! ](https://legendfinancial.co.uk/child-benefit-claimant-from-1978-2000/): HMRC is currently writing to people that have been impacted by an old administrative error. This error was related to Home Responsibilities Protection (HRP). If you had children between 1978 and 2000 and claimed Child Benefit during that time, you could be one of thousands of UK households who are now due a correction to their National Insurance record.  For years, HRP was a vital scheme (running from 1978 to 2010) that helped those taking time out of work to raise children or care for others. These periods still counted towards your State Pension, preventing gaps in your NI record.  […]
- [What Is The Construction Industry Scheme (CIS)? [Latest Updates] ](https://legendfinancial.co.uk/construction-industry-scheme/): The Construction Industry Scheme (CIS) is a tax deduction system that applies to most construction workers in the UK.
- [How Much is the Tax on Self-Employed Income](https://legendfinancial.co.uk/how-much-is-the-tax-on-self-employed-income/): Contents Being self-employed in the UK comes with a mix of challenges and opportunities. On one hand, individuals gain invaluable flexibility and autonomy, setting their own hours, pursuing passions, and directly reaping the rewards of their efforts. However, they must also manage their own finances, including tax on self-employed income, and pension planning.   This article will help you get a firm grasp on your tax responsibilities and empower you to make informed business decisions. Effective financial planning will help you maximise allowable deductions, leading to sustainable business success.  Understanding Self-Employment  Self-employment means working for yourself rather than being employed by […]
- [What the Spring Statement 2025 will mean to you ](https://legendfinancial.co.uk/what-you-need-to-know-about-spring-statement-2025/): Chancellor Reeves delivered her Spring Statement speech on 26 March 2025, and contrary to the historical two Budgets per year, there will now be one major fiscal per year. We will have to wait until autumn this year for the policy changes.   The Spring Statement contains no tax increase but primarily talks about public finances updates and a forecast from the Office for Budget Responsibility.   Rachel Reeves aims to protect working people. What does the Spring Statement have in store? Here are the key highlights:  As promised, no increase of rates for National Insurance, income tax, or VAT.  National Living […]
- [VAT Fraud: Scope, Penalties, and Report Procedure for 2025 ](https://legendfinancial.co.uk/vat-fraud-scope-penalties-reporting-2025/): Contents VAT fraud is the most common form of tax evasion worldwide. In the UK alone, authorities estimate that VAT fraud costs the treasury billions of pounds per year. According to the National Audit Office (NAO), HMRC estimated £5.5 billion lost due to tax evasion in 2022-23. As we move through 2025, the tactics for VAT fraud continue to evolve and HMRC now has even tougher regulations to combat it.  This article serves as your guide to understanding the scope of VAT fraud, the severe penalties one could face, and how to report suspected fraudulent activity.  Understanding VAT Tax Fraud […]
- [How To Reduce Income Tax for Self-Employed People in 2025 ](https://legendfinancial.co.uk/how-to-reduce-income-tax-for-self-employed/): Alongside tax hikes, the UK government also provided significant tax reliefs and allowances every year, which both employed and self-employed people can benefit from.
- [Annual Tax on Enveloped Dwellings: 2025 Updates ](https://legendfinancial.co.uk/annual-tax-on-enveloped-dwellings/): On 1 April 2013, the Annual Tax on Enveloped Dwellings (ATED) was implemented wherein Non-Natural Persons (NNPs) who have more than £500,000 worth of interest for their homes are subject to tax. This impacts most businesses, joint ventures involving company members, and collective investment plans.  Per HMRC, if any of the following applies to the property, a corporation must complete an ATED return:  The property is a dwelling.  The property is worth more than £500,000.  The property is owned entirely or partly by a company, partnership, or collective investment scheme.  Dwelling property refers to a residential building intended for use […]
- [Business Asset Disposal Relief 2025: How Can You Qualify?  ](https://legendfinancial.co.uk/business-asset-disposal-relief-2025/): Contents Businesses in a tight financial situation may qualify for Entrepreneurs’ Relief, which can help them substantially save on their CGT when disposing of all or part of their company. This relief is now called Business Asset Disposal Relief, a great tax-saving tool, especially when you’re in the process of winding up. Learn more about it below.  What Is Business Asset Disposal Relief (BADR) 2025?  Business Asset Disposal Relief (BADR) is a huge tax break to consider if you plan to sell, close, or downsize your business, as it reduces capital gains tax (CGT) rate on your qualifying gains.  Here’s […]
- [What is Council Tax? [2025 Guide] ](https://legendfinancial.co.uk/what-is-council-tax/): Contents Whether you are a first-time homeowner or a long-term renter, chances are you have heard of the phrase ‘council tax’. But what is council tax exactly, and how does it impact your household budget? This guide breaks down the complexities of council tax bands and will give you clear instructions on how to manage your payments. We will also explore potential reductions and exemptions, making sure you understand your full rights and responsibilities. Let us make it simple.  What is Council Tax?  Council Tax is a local taxation system in the UK that applies to residential properties. If you […]
- [Tips on How to Reduce Tax on Rental Income [2025 Latest] ](https://legendfinancial.co.uk/tips-on-how-to-reduce-tax-on-rental-income/): As a landlord, you must know that rental income is subject to income tax. However, you might be paying more tax than necessary, probably due to a lack of awareness about available deductions. 
- [Reeves dead-set against tax evasion - beware of Phoenixism   ](https://legendfinancial.co.uk/reeves-dead-set-against-tax-evasion-beware-of-phoenixism/): Chancellor Rachel Reeves has made it clear: tax evasion will be dealt with swiftly and strictly this year. HMRC is teaming up with Companies House and the Insolvency Service to tackle a tax evasion tactic known as ‘phoenixism’. Simply put, phoenixism occurs when directors close down insolvent companies to avoid paying taxes and then start new businesses under a different name. This practice is costing the system and will be closely monitored.  Here is what’s being planned:  New companies suspected of phoenix activity will be required to pay taxes upfront.  Directors will be held personally liable for their company’s unpaid […]
- [8 Different VAT Schemes in UK To Choose From [Latest] ](https://legendfinancial.co.uk/8-different-vat-schemes-in-uk-to-choose-from/): As a business owner, you must be familiar with the intricacies of Value Added Tax (VAT).
- [How much did the National Minimum Wage rates increase this April? ](https://legendfinancial.co.uk/national-minimum-wage-rates-increase/): From 1 April, the National Minimum Wage saw another set of increases. These are the changes from the last year
- [Stamp Duty Threshold and Rates [2025 Changes] ](https://legendfinancial.co.uk/stamp-duty-threshold/): From 1 April 2025, stamp duty thresholds have reverted to their original levels after the temporary (almost) three-year threshold increase. 
- [Does a Sole Trader Pay Corporation Tax? Fully Explained](https://legendfinancial.co.uk/does-a-sole-trader-pay-corporation-tax/): More than fifty per cent of self-employed individuals register as sole traders in the UK, and the number keeps increasing.
- [Ecommerce Bookkeeping: All That You Need to Know! (2025) ](https://legendfinancial.co.uk/the-ultimate-guide-to-e-commerce-bookkeeping/): Having a hard time managing finances for your online business? This article serves as a guide to simplify the ecommerce bookkeeping process, highlighting its benefits and best practices. 
- [Top 9 Cash Flow Management Software in 2025](https://legendfinancial.co.uk/most-commonly-used-cash-flow-management-software/): At the heart of every business’ financial stability lies one crucial element, i.e “cash flow”. It is the lifeblood of any successful enterprise that keeps it afloat and running.
- [HMRC’s Tax Investigations | Process, Penalties, & Advice 2025](https://legendfinancial.co.uk/hmrc-tax-investigations-guide-2025/): 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 in the unknown. For as long as one files tax returns, any discrepancy can be easily detected. As HMRC now has access to more third-party data, these investigations are becoming increasingly common.   This article will provide comprehensive support during this challenging process. We will also give you the best practices to keep in mind whilst preparing in 2025!  What Is HMRC Tax Investigation? To put it simply, HMRC tax investigations are about taking a closer […]
- [Decoding Interest on Late Payment of Corporation Tax [Latest Updates] ](https://legendfinancial.co.uk/interest-on-late-payment-of-corporation-tax/): 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 payment is overdue. This article will decode the interest on late payment of corporation tax and give you tips on how to avoid late filing. It’s crucial to understand these penalties to fully appreciate the importance of timely payments.  What is Interest on Late Filing of Corporation Tax?  Late, missing, or insufficient payment of corporation tax all come with their own set of penalties. Interest is charged on these penalties by HMRC, and it is […]
- [Corporation Tax on Losses: Reduce Your Tax Burden [2025]](https://legendfinancial.co.uk/corporation-tax-on-losses/): 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 on losses. Understanding how you can legally leverage this relief can help improve your financial standing. Read on.  Corporation Tax [2025]: A Quick Guide  Corporation tax rates in the 2024/25 tax year are still at 25% for main rate and 19% for small profits. This tax applies to various incomes of a business, such as:  Trading Profits  Investment Income  Chargeable Gains  Usually, the payment deadline for corporation tax is nine months and one day after […]
- [CIS Repayment for Limited Companies and Sole Traders](https://legendfinancial.co.uk/complete-guide-for-cis-repayment/): 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 through everything you need to know about CIS refunds, including who can claim and how to, common mistakes whilst filing, and more.   What is a CIS Repayment Claim?  Under the Construction Industry Scheme, contractors deduct money from their subcontractors’ payments and pay this portion toward their National Insurance and income tax. Sometimes, this leads to subcontractors paying more tax than they owe. Basically, CIS overpayment happens when:  You did not earn enough money to pay […]
- [How to Start E-Commerce Business: Quick Steps [2025]](https://legendfinancial.co.uk/how-to-start-e-commerce-business/): 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 up an online business is your first step. There is no one-size-fits-all approach on how to start, but here, we give you a general idea how to start e-Commerce business. Read on.  What Is an E-Commerce Business  E-commerce businesses sell goods or services online through platforms such as Shopify, Wix, Amazon, and eBay. E-Commerce businesses operate on various models, such as B2B or B2C, which are two most common operation models, ranging from dropshipping to […]
- [Patent Box Tax | How It Works and How to Claim Relief](https://legendfinancial.co.uk/patent-box-tax/): Contents If you are a company that makes and owns its inventions and holds a patent granting exclusive rights to your intellectual property, you will benefit from tax relief under the patent box tax scheme. This article will provide you with everything you need to know about this tax advantage. Keep reading!  What is a Patent Box?  HMRC Patent Box is a UK tax scheme that allows companies to pay a reduced corporation tax on profits earned from patented intellectual property (IP). Under the patent box tax relief, companies can claim a 10% reduced corporation tax rate on profits generated […]
- [The Ultimate Guide to Crypto Tax in UK 2025](https://legendfinancial.co.uk/crypto-tax-in-uk/): 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 everyday transactions, it is important to understand crypto tax in UK.  HMRC considers crypto as chargeable assets, similar to shares. Capital gains tax covers any profits from disposing of crypto assets, whilst income tax applies to any activities like mining, staking or earning crypto as payment.   This article will explore how crypto tax in the UK is assessed and provide helpful tips for proper reporting. Let us simplify this complex topic so you can trade, […]
- [Braving HMRC's CIS Penalties: How to Face the Ordeal with Ease](https://legendfinancial.co.uk/cis-penalties/): 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 are CIS-compliant is crucial, as the penalties can easily add up. This article outlines the common mistakes you need to know and avoid, how to appeal against the penalty, and more.   What are CIS Penalties?  CIS penalties are fines imposed by HMRC on non-compliance under the scheme. They only apply to contractors and subcontractors in the construction industry, not to regular employees, as the latter is covered under the Pay as You Earn (PAYE) system.   […]
- [10 Things You Need to Know to Avoid Capital Gains Tax on Property [2025] Update](https://legendfinancial.co.uk/how-to-avoid-capital-gains-tax-on-property/): 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 tax when you sell a taxable property or asset. You are particularly liable to capital gains tax when you are a UK ‘tax resident’ or personally representing the deceased.   HMRC is becoming more rigorous about preventing tax evasion. Strategising your tax liability, however, is not discouraged. In this article, we provide effective means on how to avoid capital gains tax UK. The strategies may not be that simple. We recommend you seek guidance with a […]
- [How Tax Relief on Charity Donations Works in the UK ](https://legendfinancial.co.uk/tax-relief-on-charity-donations/): 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. This tax relief is a way to help you maximise the impact of your contribution and keep supporting causes that you care about. Let us find out how you can maximise tax relief on charitable donations UK. Read on! Tax Relief on Charity Donations  The UK offers both individuals and businesses the chance to support causes they care about whilst lowering their overall tax liabilities. For individuals, charitable donations can reduce your income tax, whilst […]
- [Tax Loopholes for the Middle Class in the UK](https://legendfinancial.co.uk/tax-loopholes-for-the-middle-class/): 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 feel like all the best tax breaks are reserved for high earners or big businesses, but there are actually some strategies designed specifically for people in your situation. From tax-free savings accounts to special allowances for married couples, knowing these tax loopholes for the middle class can help you keep more of what you earn.   In this guide, we will explain simple, effective ways to cut down your tax bill and keep more of what […]
- [Bank Reconciliation Statement Explained: Answering the Most Common Questions ](https://legendfinancial.co.uk/bank-reconciliation-statement/): Contents The bank reconciliation statement is an important document that compares an organisation’s financial records with its bank statement. The purpose of this document is to make sure that proper financial records are maintained, and errors or unauthorised transactions are detected.   In this article, we will address some of your most common bank reconciliation statement questions and answers, break down the process step-by-step, and share tips to make it easier for you.  What is a Bank Reconciliation Statement?  It is a financial document used to compare an organisation’s cash book with its bank statement. This process helps identify and resolve […]
- [UK Tax Calculator: Quick Guide to Income Tax ](https://legendfinancial.co.uk/uk-tax-calculator/): Contents The UK income tax calculator is available in various versions according to the taxpayers’ employment status—employed, self employed, or a combination of both. For accuracy, it is crucial to use the right tool, as the rates of National Insurance in the UK and other types of deductions are different for an employee and a sole trader.   This article explores employed vs self-employed taxes, which UK tax calculator and other tools to use for accurate estimate of income tax and take-home pay, 2023 to 2025 income tax rates, relevant FAQs, and the most recommended way to improve tax compliance.   […]
- [Non Resident Landlord Tax: Ultimate Guide for Foreign Investors](https://legendfinancial.co.uk/non-resident-landlord-tax/): Contents Any income earned in the UK is taxed, and that does not exempt you when your usual abode is outside the UK, or you are a foreign investor. Whilst you are classed as a non-resident, you remain a UK resident for tax purposes. If you are letting whilst outside the UK, your rental income will be taxed under the non-resident landlord scheme (NRLS).   This guide makes understanding your non resident landlord tax obligations easier, whether you are the landlord, letting agent, or tenant.   Non-Resident Landlord Definition  When you usually live outside the UK for over six months each year, […]
- [Gift Aid Tax Relief: What You Need to Know](https://legendfinancial.co.uk/gift-aid-tax-relief/): Contents Gift Aid is a government initiative that allows UK taxpayers to increase the value of their donations to charities at no extra cost to themselves. Through gift aid tax relief, donors can increase the value of their contributions without spending more.   By declaring gift aid, you allow the charity to claim back the tax, whilst you may also benefit from tax relief on your own tax return, making your generosity even more rewarding. So, it is a win-win on both sides! Learn how Gift Aid works and how to make the most of its tax relief.   What is Gift […]
- [IR35 Crackdown: Make Your Status Determination Easier!](https://legendfinancial.co.uk/what-you-need-to-know-about-the-ir35-crackdown/): Contents IR35 rules sift out the employed from the genuinely self-employed for tax purposes. It became a law in April 2000 but was only taken seriously in 2018, when IR35 crackdown was at its peak. You need to be genuinely self-employed to ever determine yourself outside IR35.   The crackdown ensures no one takes advantage of anymore tax loopholes. Stay updated with the current IR35 rules in this guide.   What Is IR35 Legislation?  IR35, properly known as Intermediaries Legislation, is also known as off-payroll working rules, aimed at preventing tax evasion among contractors. Whether one is inside or outside the IR35 […]
- [Freelancers Tax UK [2024/25] Tax Rates](https://legendfinancial.co.uk/freelancers-tax-uk/): Contents With the growth of the gig economy, an increasing number of people are balancing full-time employment with part time side hustles. This guide will explain the key aspects of freelancers tax UK and strategies to minimise your tax liability.  What Is Freelancing in the UK?  Freelancers and self-employed individuals both pay income tax and National Insurance Contributions (NICs), but the key difference lies in scale and scope. While both groups work independently, freelancers take on shorter-term projects or contracts, making their income less consistent than that of self-employed individuals who run their own businesses with ongoing revenue streams. According […]
- [VAT Notice 708: Key to Reduced to Zero Vat Rate Liability](https://legendfinancial.co.uk/what-you-need-to-know-about-construction-and-building-vat-notice-708/): Contents Most supplies and services are charged the standard VAT rate (20%). If you work in the construction sector, your client may qualify for VAT Notice 708. This means reduced to zero VAT rate, helping those who cannot claim input tax to save on construction costs.   This serves as your updated guide on VAT Notice 708, whether you are a contractor or client, covering how it works, its scope, and more.  What is VAT [2024]?  Value Added Tax (VAT) is a tax on consumer spending, charged on most goods and services at a standard rate of 20%. Your business needs […]
- [Is a Redundancy Payment Tax Free UK?](https://legendfinancial.co.uk/is-a-redundancy-payment-tax-free/): 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, especially if you also wonder if voluntary redundancy faces different taxation rules. Read on.  Types of Redundancy Pay Redundancy payments in the UK come in two types: statutory and contractual.  Statutory Redundancy Pay  the legal minimum an employer is required to pay employees who have been continuously employed for at least two years  currently capped at £21,000 (2024/25)  non-negotiable and must be provided if an employee faces redundancy due to genuine business needs  determined by […]
- [Tax Threshold 2024/25 UK | Allowances and Rates](https://legendfinancial.co.uk/tax-threshold/): Contents Learn about the tax threshold 2024 UK in this guide, from your primary taxes to others you may deal with at some point. We cover the latest tax rates and allowances as well as reliefs you might be eligible for.   Quick Introduction to UK Taxes  Whether employed or self-employed, you mainly pay these two direct taxes: income tax and National Insurance (NI). Businesses registered with Companies House, on the other hand, pay corporation tax (and NI). Indirect taxes include Value Added Tax (VAT), vehicle excise tax, and more.   The tax threshold 2024 self employed, including rates, is the same […]
- [Affordable CIS Mortgages: Your Dream Home Made Possible](https://legendfinancial.co.uk/how-to-get-cis-mortgages-as-a-self-employed-construction-worker/): Contents Generally, mortgage lenders assess borrowers’ loan potential through 2 to 3 years’ worth of income proof. Requirements may be less when you work under the Construction Industry Scheme (CIS). This is informally called CIS mortgage. Learn more about affordable CIS mortgages here. What Are CIS Mortgages? There is no such term as CIS mortgage. It is simply a standard mortgage but with less strict requirements if you are under CIS. Since CIS workers offset business expenses and get advanced tax deductions from their CIS payroll, their net income ultimately shows lower figures. This affects their mortgage loan affordability and […]
- [How the Rich Avoid Paying Taxes? Legal Ways to Do So ](https://legendfinancial.co.uk/how-the-rich-avoid-paying-taxes/): Contents When it comes to paying taxes, many hardworking Britons feel they are bearing the brunt, whilst the wealthiest seem to play by different rules. How the rich avoid paying taxes is a topic that stirs up curiosity and frustration, especially among middle and lower-income earners.   The reality is that the wealthy often exhaust tax planning to reduce their liabilities legally—and own less-taxed streams of income—leaving the rest to cover the difference. Understand how their tax-saving methods work and see how you can apply some to your own finances.   Who is Considered Rich in the UK?  The concept of wealth […]
- [When Do I Start Paying Tax UK? [2024/25]](https://legendfinancial.co.uk/when-do-i-start-paying-tax/): Contents Knowing when you start becoming liable to tax is crucial, especially if you are self-employed where self assessment is mandatory upon hitting the income threshold. Even if you are an employee, it is just as important to stay on top of your paycheck and budget.  Whether you are self-employed or employed (or both), we answer this common question among our clientele—when do I start paying tax?—and other things you need to know. Read on.    When Do I Start Paying Tax UK: 2024 Overview  Everyone pays income tax, regardless of employment status (except for corporations). For the 2024/25 tax year, […]
- [VAT on School Fees UK [Latest]: What You Need to Know](https://legendfinancial.co.uk/vat-on-school-fees-uk/): Contents Private schools are no longer exempt from VAT starting January 2025, confirmed in the recent Autumn Budget. This article covers all you need to know about VAT on school fees UK, its implications, and how to prepare for the coming year, whether you are a school stakeholder or a guardian. Read on.  Removal of VAT Exemption for Private Schools    Starting from 1 January 2025, all private schools in the UK will charge the standard VAT on education and related services. This was first announced by Chancellor Rachel Reeves on 29 July 2024 and recently confirmed in the Autumn Budget […]
- [Autumn Budget 2024- Key Highlights on Tax and Funding](https://legendfinancial.co.uk/autumn-budget/): Chancellor Rachel Reeves delivered her first Budget on 30 October 2024 aimed at “national renewal.” The Budget offers some relief to low-income workers, whilst businesses and higher earners face significant tax rises. Here are the key highlights:  Tax Hike for Businesses:  Employers will see a 1.2% increase in National Insurance Contributions from 6 April 2025, raised from 13.8% to 15%.  Employers’ NIC threshold is lowered to £5,000 from £9,100. This will take effect from 6 April 2025 up to 5 April 2028.  Capital Gains Tax:  Capital gains tax rates on disposal of shares rose to 18% and 24%, from 10% […]
- [What Is an EORI Number & How to Get One](https://legendfinancial.co.uk/what-is-an-eori-number/): Contents EORI stands for Economic Operators Registration and Identification. Put simply, you need this number to ship internationally, specifically in or out of the European Union. What is an EORI number used for? That, and everything else you need to know will be answered in this blog.    What Is an EORI Number UK?    The EORI number is a unique code for businesses engaged in international trade within the European Union and the UK. EORI stands for Economic Operators Registration and Identification and is crucial for various purposes.  This number allows customs authorities to easily identify and track companies’ activities, identify […]
- [Tax on Second Property: Get to Know Your Tax Implications [New]](https://legendfinancial.co.uk/tax-on-second-property/): Contents Second homes are taxed depending on whether you bought, sold, rent out for profits, and other factors. When do you pay tax on second property UK, and how much? We will simplify your tax implications in this article, plus tips on how to reduce your liabilities.   Tax You Pay on Second Property  Any property that is not your primary residence is considered a second property and will incur second home tax. This may include a holiday home, buy-to-let property, and other investment properties. The kind of tax you pay and when you pay it depends on whether you:  bought […]
- [How Much Tax Will I Pay on 60,000 Redundancy? ](https://legendfinancial.co.uk/how-much-tax-will-i-pay-on-60000-redundancy/): Contents If you’re one of the departing employees made ‘redundant’ by your employer, you may be entitled to redundancy pay. One of the most popular questions we have collected from clients is: how much tax will I pay on 60,000 redundancy? For a start, this is hefty pay, and you must know that any redundancy pay that exceeds £30,000 is taxed. Learn about your redundancy pay tax implications, plus tax-efficiency tips, to avoid getting shocked by your bill once you receive your payment.   Quick Guide to Redundancy Pay UK   Redundancy pay compensates 2+ years employees who lose their jobs […]
- [VAT on Private Schools- What to Expect in the Autumn Budget ](https://legendfinancial.co.uk/vat-on-private-schools/): On 29 July 2024, the UK government announced a draft legislation on removing private school’s VAT exemption status, alongside business rates, effective in January 2025. This means independent schools will be paying VAT at a standard rate for education and related services.   Further changes are to be anticipated in the upcoming Autumn Budget on 30 October. Currently, the draft legislation confirms that the following fees and services will now be liable to VAT:  Education fees  Vocational training fees  Lodging and boarding fees for private schools  Certain supplies and services remain VAT-exempt, including pupil transport services, school meals and catering, examination […]
- [How Much Tax Do You Pay on a Second Job UK?](https://legendfinancial.co.uk/how-much-tax-do-you-pay-on-a-second-job/): Contents With the rising cost of living in the UK, taking second jobs may be a necessity for some to make ends meet. If you are wondering how much tax do you pay on a second job and whether having extra income makes you pay more tax, read on. This and other second job enquiries are answered below.  Understanding Second Job Tax in the UK  Second jobs in the UK, like others, are liable to income tax and National Insurance (NI). How much tax you will pay on a second job will depend on how much you are already earning […]
- [How to Find Tax Advisor in UK: Qualifications Checklist ](https://legendfinancial.co.uk/how-to-find-tax-advisor-in-uk/): Contents If your tax affairs become too complex for you to handle, they may be best left to experts. How to find tax advisor may be challenging, though, as anyone in the UK, or anywhere, can call themselves tax agents without qualification or experience. This guide will help you on how to choose a tax advisor wisely. After all, even if you have an agent, you remain responsible for your taxes.  Why You Need a Tax Advisor Before searching about how do I find a tax advisor UK, be sure to check you are incapable this time of handling your […]
- [Why Am I Not Paying Tax on My Wages UK?](https://legendfinancial.co.uk/why-am-i-not-paying-tax-on-my-wages-uk/): Contents Under the Pay as You Earn (PAYE) system, employee pay is taxed at source. But what happens when your payslip shows no tax deductions? Below, we clarify a situation that baffles some employees—why am I not paying tax on my wages UK? If you ask the same, read on.   Why Do I Not Pay Tax on My Wages?    Normally, income tax and National Insurance (NI) are automatically deducted from the payroll. These may be the reasons you do not see any PAYE tax deductions in your paycheck:  Your salary is within the tax-free threshold.  It is your first employment, […]
- [Self-Employed UK: Register in 5 Minutes Flat! [2024 Hack]](https://legendfinancial.co.uk/self-employed/): Contents If you are new to self-employment, you need to inform HMRC first thing so that you get taxed accordingly. Below, we cover how to register as a self employed UK and all the other relevant information for beginners. Why Register as a Self Employed UK  When you start working for yourself, you must notify HMRC of your self-employment by registering as self-employed. This is for the following purposes:  to report your self-employed income and pay any due tax (e.g., income tax, capital gains tax, etc.) and National Insurance Contributions (NICs)  to ensure your National Insurance record is accurate and […]
- [Tax Saving Tips UK | Quick Tax-Efficient Options [2024]](https://legendfinancial.co.uk/tax-saving-tips-uk/): Contents Tax is a major consideration if you want to keep more of your hard-earned wealth. This is efficiently done with tax planning. Tax saving tips abound, but you only need those that apply to your unique tax situation.   This guide gives you an overview of the options. Note, however, that this does not substitute professional advice. Discuss your options with a tax expert for optimum compliance and outcomes.  Know Your Tax Implications [2024]  Knowing which tax to pay is the first step. In the 2024/25 tax year, you may pay one or more of the following:  Income tax […]
- [Understanding Late Tax Return Penalty UK and What to Do](https://legendfinancial.co.uk/late-tax-return-penalty-uk/): Contents Even if there is no tax to pay, a filing deadline missed will automatically mean a late tax return penalty. If you are due any tax, the bill may ultimately accumulate into thousands of pounds if not proactively addressed, considering the penalties and interest. Here is how the late filing penalty progresses in the UK, how to appeal to HMRC, and other information crucial to self-assessment filers.  Late Tax Return Penalty: An Overview  Taxes are usually deducted through the Pay as You Earn (PAYE) system, but this only applies to employees. If you are one of the self-employed in […]
- [Do You Pay Corporation Tax on Dividends? Guide to UK Dividend Taxation ](https://legendfinancial.co.uk/do-you-pay-corporation-tax-on-dividends/): Contents Do you pay corporation tax on dividends? Limited companies often wonder if they pay corporation tax on their dividend payouts. How UK dividend taxation works, whether you are an issuing company or a shareholder, you will find out below. This guide also covers what dividends are, the role of corporation tax and other taxes on dividends, expert tax-saving tips, and other FAQs.  What are Dividends?   Dividends are payments issued by a limited company to all owners of its shares (aka shareholders) from either the current or previous year’s profits (retained profits). They may be in the form of cash […]
- [Capital Gains Tax Rules on Overseas Property [Latest Updates] ](https://legendfinancial.co.uk/rules-for-paying-capital-gains-tax-on-overseas-property/): Capital Gains Tax Rules on Overseas Property [Latest Updates]  Capital Gains Tax Rules on Overseas Property [Latest Updates]  Capital Gains Tax Rules on Overseas Property [Latest Updates]  Contents Capital gains tax rules get trickier when it involves overseas gains. A rule of thumb is that UK residents, including those ‘domiciled’ for tax purposes, pay capital gains tax when selling a residential property or investment, whether in the UK or abroad. If you are a non-resident, you are generally only liable to tax on your UK gains.  Below, we cover the latest capital gains tax rules you need to know when […]
- [Corporation Tax Payment: Expert Guide to HMRC's Time-to-Pay Arrangement   ](https://legendfinancial.co.uk/corporation-tax-payment-plan-steps-on-how-to-set-up-for-your-tax/): Contents Are you struggling with your corporation tax payment? You’re not alone. Many UK businesses face challenges when it comes to managing their tax obligations, especially in times of financial uncertainty. This comprehensive guide will walk you through HMRC’s Time-to-Pay (TTP) arrangement, a lifeline for companies facing temporary difficulties with their corporation tax payments. What is a Time-to-Pay Arrangement?    HMRC’s Time-to-Pay (TTP) arrangement is a vital option for businesses struggling with corporation tax payment. It allows eligible companies to pay their tax debt in installments, providing much-needed breathing room for cash flow management.   Key Point: TTP arrangements are not […]
- [Do You Have to Pay Capital Gains When You Sell Your House UK? [2024]](https://legendfinancial.co.uk/do-you-have-to-pay-capital-gains-when-you-sell-your-house/): Contents Do you have to pay capital gains when you sell your house? The answer depends on the taxpayer’s situation, such as whether they own only one home or have multiple houses and other factors. Find out more about CGT when selling a house in this article. Do You Have to Pay Capital Gains When You Sell Your House in UK?  Normally, there is no capital gains tax due when selling a home that was used as a primary residence, owing to the private residence relief. CGT is mostly levied on additional houses or are used otherwise, such as buy-to-let […]
- [The Labour Party Won – What Will It Mean in Tax?](https://legendfinancial.co.uk/the-labour-party-won/): The Labour Party officially won in Parliament on the last 4 July 2024 general election. It was a majority win, ending the Conservative Party’s 14-year rule. So, what is next for tax? To recall, the Labour’s tax manifesto includes not increasing income tax rates, National Insurance, or VAT.   An increase of SDLT rates for non-UK residents (in England and Northern Ireland), however, may be likely as the Party considers a 1 percentage point rise. On the other hand, the Labour Party intends to cap corporation tax at 25% and maintain key capital allowances to foster business investment. Despite pledging no […]
- [Am I Owed a Tax Rebate UK? Eligibility and How to Claim](https://legendfinancial.co.uk/am-i-owed-a-tax-rebate-uk/): Contents HMRC may be efficient in managing taxes, but mistakes can still happen, and frequently. Miscalculations usually result in overpaid taxes, but these are repaid as rebates. However, in some instances, HMRC do not issue tax rebates automatically, leading many taxpayers asking, ‘Am I owed a tax rebate UK?’  Whether one is eligible for a tax rebate, otherwise known as a tax refund, find out more below. This guide also covers what UK taxpayers can claim refunds on, how to claim, and other relevant FAQs. What Is HMRC Tax Refund?  HMRC owes tax refunds if taxpayers overpay any tax. Eligibility […]
- [Company Law Change: On the Identity Verification of Directors & PSCs](https://legendfinancial.co.uk/company-law-change/): The identity verification requirement placed on new and existing directors and people with significant control (PSCs) was introduced under the Economic Crime and Corporate Transparency Act 2023 in October. There is no exact implementation date yet, as secondary legislation is still needed to define the verification process.   Directors, PSCs, and those filing documents with the Registrar must verify their identity. Currently, they can complete the process through the Registrar of Companies or an ACSP, with each verified individual receiving a unique identifier. Individuals cannot act as company directors without prior verification. Agents must be specifically ACSP-registered and UK-supervised for anti-money […]
- [What Is K Tax Code UK? Why You Got It and What to Do [New]](https://legendfinancial.co.uk/what-is-k-tax-code-uk/): Contents Tax codes represent how much tax to deduct from an employee’s paycheck. They are alphanumeric, with L being the most common (1257L for the current tax year), attached as a suffix and indicates the taxpayer’s eligibility for the Personal Allowance.   However, at some point, PAYE workers may suddenly get a K code. Unlike the standard tax code, the K tax code comes before the numbers and implies a complicated tax policy. The unwarranted tax code change can be confusing to so many taxpayers.   So, what is K tax code, and why do some people have it? Find out about […]
- [Valuation Office Agency Business Rates Bill & How to Appeal in 2024](https://legendfinancial.co.uk/valuation-office-agency-business-rates/): Contents UK business rates are charged on most non-domestic or commercial properties. This differs from council tax, which is charged on domestic properties. Both property taxes are ultimately decided by the respective local councils.   Businesses occupying non-domestic properties must stay informed about these rates, potential reliefs, and any obligations. Find out more about these below, including how business rates are calculated, how to make Valuation Office Agency business rates appeal, and more.  What Are Business Rates and Who Sets Them?  Business rates are a local authority levy charged on non-domestic properties (e.g., shops, offices, warehouses, and pubs). The Valuation Office […]
- [SEIS Tax Relief 2024 for UK Investors | How to Claim [Latest]](https://legendfinancial.co.uk/seis-tax-relief/): Contents To promote small business growth, the UK government introduced the Seed Enterprise Investment Scheme (SEIS), which offers massive tax breaks for investors. Moreover, if the company fails, investors are compensated through tax relief. This encourages investing in start-ups, which are otherwise deemed high-risk.   SEIS tax relief 2024 serves as risk mitigation in investments, giving private investors confidence in investing. Find out more about investors’ SEIS advantages below, how to claim reliefs, both on tax and investment loss, and where to find SEIS investment opportunities.  What Is SEIS for Investors Private investors would normally choose established businesses or traditional investments […]
- [EIS Investment Tax Relief | Guide for UK Investors](https://legendfinancial.co.uk/eis-investment-tax-relief/): Contents The UK government recognises both—the vital role successful startups play in driving jobs, innovation, and economic growth and the risky nature of investing in small, unquoted companies. It is either gain or lose. The Enterprise Investment Scheme (EIS) was introduced for this purpose.  In this guide, UK investors will learn about the various types of EIS investment tax relief, including loss relief, how to claim, and more.  What Is EIS Investment Tax Relief  The Enterprise Investment Scheme (EIS) started in 1994 and is one of the venture capital schemes that aims to make unquoted companies attractive to investors through […]
- [What is UTR Number UK and How Can I Get One? ](https://legendfinancial.co.uk/what-is-utr-number-uk/): Contents Getting a Unique Taxpayer Reference (UTR) number is essential to anyone who needs to file self-assessment tax returns in the UK. Whilst the number is issued automatically, it is best for individuals and businesses to know how to get one, depending on their specific circumstances.  What is UTR number UK and how to get one? This and more will be covered below.   What Is UTR Number UK and Who Needs to Apply?  A Unique Taxpayer Reference (UTR) number is a 10-digit code automatically issued by HMRC to UK taxpayers who register for self-assessment or set up a limited company. […]
- [Confirmation Statement UK: A Comprehensive Overview [Complete Guide]](https://legendfinancial.co.uk/confirmation-statement-uk/): Contents UK business owners must understand all their statutory requirements to remain legally compliant. One of them is the confirmation statement UK, which must be filed annually with Companies House to keep their company information accurate and up to date. Here, we outline all that UK-registered businesses need to know. Read on.   What Is a Confirmation Statement UK?  Confirmation statements ‘confirm’ that the company information held by Companies House is accurate. Every limited company, including private limited company (PLC), and limited liability partnership (LLP) is obliged to file, regardless of if they are dormant or no longer trading.   The mandatory […]
- [How Much Can You Earn Before Paying Tax in the UK?](https://legendfinancial.co.uk/how-much-can-you-earn-before-paying-tax/): Contents How much can you earn before paying tax UK? Find out the answers here, as we offer a straightforward approach to taxation in the UK, focused on when one starts becoming liable to tax and other relevant FAQs.  How Much Can You Earn Before Paying Tax 2024?  Tax-free thresholds and allowances first apply in an income. If taxpayers earn below these, they are most likely not taxed. Other factors that determine when one starts paying tax depend on the income type and the kind of tax one is liable to.  How Much Can You Earn Before Paying Income Tax? […]
- [National Living Wage 2024 Increase & What to Expect Next Year [2025]](https://legendfinancial.co.uk/national-living-wage/): Contents The National Living Wage 2024/25 decreased its age threshold from 23 to 21, which was in place since 2016. This significant change brings not more than 3 million working adults to the National Living UK wage policy. Find out more about the latest change here, how it affects UK employees, the projected rise next year, and more.  Quick Guide to the UK Minimum Wages  The UK minimum wage system was first introduced in 1999 by the Labour Government. Currently, there are four wage bands:   National Living Wage (NLW) for employees aged over 21  National Minimum Wage (NMW) for employees […]
- [A Comprehensive Self Assessment Guide for Beginners [Latest]](https://legendfinancial.co.uk/self-assessment-guide/): Contents Self-assessment is simply HMRC’s way of getting taxpayers to report their income and pay taxes. The process of registering for and completing this tax return is not as complicated as it sounds, so long as one has all the information required. It is, however, a good practice to seek help from tax experts for accuracy. Below is a comprehensive self assessment guide UK for beginners.   What Is a Self-Assessment?  Employees pay income tax and National Insurance (NI) upfront through the Pay As You Earn (PAYE) system, as employers automatically deduct taxes from their payroll. However, incomes that are not […]
- [List of Tax Codes and What They Mean UK: Employer Basics](https://legendfinancial.co.uk/list-of-tax-codes-and-what-they-mean/): Contents Understanding the list of tax codes and what they mean can be very challenging for small businesses. In many cases, the responsibility usually falls on individuals without specialised training or with tons of company burden, such as a self-managing owner or a senior employee.   Unless they hand this aspect over to payroll experts, it is crucial for employers to familiarise tax codes to prevent confusion, legal issues, and potentially hefty penalties from HMRC. Read on to grasp the basics of UK tax codes.  Understanding UK Tax Codes   The Pay as You Earn (PAYE) system applies to UK employees, where […]
- [Non Established Taxable Person: VAT Duty Simplified ](https://legendfinancial.co.uk/non-established-taxable-person/): Contents Normally, VAT registration threshold applies, but not in the case of traders without UK establishments, who, for VAT purposes, are termed non established taxable person (NETP). From 2012, they were opted out of the regular VAT rules.  What is a non established taxable person? When do they need to register or not? What are their obligations, in general? These and more will be answered below. Read on. Non Established Taxable Person (NETP) Definition  Who is non resident taxable person (NETP)? This designates a sole proprietor or corporate body liable to register for VAT in the UK, as they meet […]
- [One-to-Many Letter Against Electronic Sales Suppression](https://legendfinancial.co.uk/electronic-sales-suppression/): Since 3 June 2024, HMRC launched another one-to-many (OTM) letter campaign, this time specifically aimed at businesses suspected of using till systems to hide or reduce transaction values. This practice is known as electronic sales suppression (ESS), which involves manipulating electronic point-of-sale (EPOS) systems to lower reported sales and tax liabilities.  In the letters, HMRC encourages businesses to voluntarily disclose their unreported sales, preferably through the Contractual Disclosure Facility (CDF). The letters also detail the penalties and further actions if income suppression continues, including full audits and/or civil or criminal investigations.    Electronic sales suppression was first identified during the pandemic […]
- [Advantages and Disadvantages of Being VAT Registered ](https://legendfinancial.co.uk/disadvantages-of-being-vat-registered/): Contents Currently, a business must register for value-added-tax (VAT) when their total annual turnover reaches the £90,000 VAT threshold, or if they anticipate earning so. Besides this threshold, VAT registration is voluntary. Many businesses are concerned whether they should voluntarily register or not.  This article outlines both the advantages and disadvantages of being VAT registered to help businesses, whether a sole trader or limited company, make more informed decisions. Read on.  Pros of Being VAT Registered  Being VAT registered offers several benefits, whether it is voluntarily or compulsorily done, including the following:  Reducing Expenses Via VAT Reclaim VAT-registered businesses can reclaim […]
- [CIS Registration: How to Navigate the Process Seamlessly](https://legendfinancial.co.uk/cis-registration-how-to-do-it/): Contents Both contractors and subcontractors working in the construction sector are subject to Construction Industry Scheme CIS, which means they register under the scheme and make tax payments through self assessment, although with some exemptions for subcontractors. This article gives them a complete guide to CIS registration, covering who are required to register for CIS and why they should register, requirements for the registration, step-by-step process for online registration, registration process via phone, and how long it takes for them to apply under the scheme.  Who are Required for CIS Registration? HM Revenue and Customs considers individuals or companies as […]
- [What Is the PAYE Settlement Agreement (PSA) UK? ](https://legendfinancial.co.uk/paye-settlement-agreement/): Contents Employers often incur extra costs outside salary payments, usually non-cash rewards for employees, which are taxable benefits in kind (BIK). Some of these expenses are taxed, and HMRC expects employers to use the PAYE Settlement Agreement (PSA) to settle these taxes.  Learn more about PSA below, including how it works, its scope, deadlines, and additional tax-efficient tips for employers.   What is a PAYE Settlement Agreement UK? Income tax and National Insurance contributions (Class 1B NICs) are charged on specific non-cash taxable benefits provided to employees. The PAYE Settlement Agreement allows employers to settle these taxes in one annual payment. […]
- [Do You Charge VAT on Consultancy Services UK? ](https://legendfinancial.co.uk/vat-on-consultancy-services/): 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, including what it is generally charged to, if consultancy and professional services are charged with UK VAT, and other relevant questions.   A Brief Introduction to UK VAT  Value Added Tax (VAT) was introduced in 1973. It is a consumption tax on most goods and services sold by VAT-registered businesses in the UK, added at every point of the supply chain.   Businesses must register for VAT if their taxable turnover exceeds £90,000 in a […]
- [Do You Get Tax Relief Working from Home in the UK? ](https://legendfinancial.co.uk/tax-relief-working-from-home/): 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 with the allowable expenses. Some work-from-home employees do not know they can be eligible for tax relief with their setup. In the case of the self-employed, figuring out the right expenses to claim is a baffling task.  Here are some they might not know about tax relief working from home 2024 and other relevant information.  Tax Relief Working from Home for Employees  Tax relief working from home part time or full-time is available to employees […]
- [Get to Know Your Personal Tax Allowance [2024/25] ](https://legendfinancial.co.uk/personal-tax-allowance/): 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 tax payments should be. This makes personal budgeting easier and more accurate. However, how income taxes affect their paycheck usually confuses many first-time employees.  Read on for more information about personal allowance for the current tax year, especially how it affects one’s income tax liability.   What Is Income Tax Paid On?  Most forms of UK income are subject to income tax. Usually, the main forms are salary or wage from employment, but income tax is […]
- [Do I Pay Tax if I Sell My House? A Beginner’s Guide ](https://legendfinancial.co.uk/do-i-pay-tax-if-i-sell-my-house/): 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 for some reason. Whether they sell to relocate, upsize, downsize, or change their lifestyle, what usually happens is they buy another after selling their previous property.   When is tax officially due when selling a house? The answer depends on the seller’s circumstances. It is crucial to know whether selling a home will be taxed or not so that property owners can budget expenses more wisely. This article provides an easy guide about property taxes if owners […]
- [HMRC Consults on Reforming Late Payment Penalties ](https://legendfinancial.co.uk/late-payment-penalties/): 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 is paid within a two-year limit. This allows taxpayers to avoid the second penalty by delaying payment until just before the end of the period. The proposed changes aim to address this loophole.   Draft regulations will allow HMRC to assess the second penalty before the tax is fully paid, within the two-year limit. This change removes the avoidance opportunity and ensures fairness.  The penalty system includes an initial penalty of 2% of the outstanding amount […]
- [Business Asset Disposal Relief on CGT: Are You Eligible? ](https://legendfinancial.co.uk/business-asset-disposal-relief/): 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, especially those that want to retire from or exit the business.  This article outlines what business asset disposal relief is all about, including who is eligible, what counts as qualifying business asset disposal, when and how to claim, and other crucial information.   What Is Business Asset Disposal Relief (BADR)?  Business Asset Disposal Relief is a tax relief that reduces the amount of capital gains tax (CGT) due when disposing of qualifying business assets. CGT […]
- [Corporation Tax Rates UK 2024/25 and Special Regimes ](https://legendfinancial.co.uk/corporation-tax-rates-uk/): 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 now two thresholds for the UK corporation tax: small profits and main rate.   Understanding corporate tax liability is crucial for every business, no matter how much it earns. Learn more about the current rates, how marginal relief works, sectors under special tax regimes, how to pay tax online, and more in this article.  What Are Corporation Tax Rates UK 2024/25?  The corporation tax rates UK history show a trend of decrease. It was at […]

## Pages

- [Financial Modelling](https://legendfinancial.co.uk/what-we-do/financial-services/financial-modelling/): financial modelling Financial modeling shows how a business’s finances operate in the future, which is determined through business valuation, budgeting, capital investment, management decision-making, financial reports analysis, and evaluating the total expenditure of the company. These models are used to represent the real value of any firm to its stakeholders. New business endeavours especially need to estimate the impact and profits they’ll possibly generate to make the best decisions. The most commonly used financial model among businesses is the three-statement modeling that includes discounted cash flow, forecast financial modeling, and budget financial modeling, in which analyses are aimed at increasing […]
- [Budgeting and Forecasting](https://legendfinancial.co.uk/what-we-do/business-services/budgeting-and-forecasting/): Budgeting & Forecasting Budgeting and forecasting are two aspects that can help businesses cater their strategies to the ever-changing market. Budgeting shows what the business expects to achieve while forecasting indicates where the business is really going. It’s crucial for your business to keep a record of how much money comes and goes out of it for a certain period, especially in a year, tracked in the form of a budget. The real-time costs, data, and other numbers are shown in forecasts. Budgeting and forecasting should go together to ensure your business performs well financially. how it works how it […]
- [Cash Flow Management](https://legendfinancial.co.uk/what-we-do/business-services/cash-flow-management/): Cash flow MANAGEMENT Cash flow improvements are achievable when the business’ account payables and receivables are monitored. To increase the profit, the receivables (income) should be greater than the payables (expenses). The receivables are then used as investment capital for continued cash growth. Based on this, there are a myriad of ways to improve cash flow in your business, such as charting the accounts, controlling credits, recovering from debts, making invoices accurately, understanding the payment cycles of your customers and checking their credit history, creating an efficient payroll system, etc. how it works how it works Why Hire Us? Your […]
- [Business Plans and Market research](https://legendfinancial.co.uk/what-we-do/business-services/business-plans-and-market-research/): Business Plans & Market Research Strategic business plans and market research are keys to the success of any business. Information collected in the research process includes how the audience will receive the business’ products or services, keep track of the market trends, and see how competitors are doing. Proper market analysis helps businesses create plans tailored to their niche that will serve as a blueprint throughout. Market research can be a great tool for businesses to learn how they can approach their niche, competitors, new markets, existing and potential customers, opportunities, etc. how it works how it works Why Hire […]
- [Mergers & Acquisitions](https://legendfinancial.co.uk/what-we-do/business-services/mergers-acquisitions/): Mergers & Acquisitions When your business is merged with another entity in some form, settling acquisitions come next. Mergers & acquisitions can massively expand your business and increase its profits. Sound advice is fundamental for enhancing your business’ capital, paving the way for growth. The process involves a lot of work, including legal, financial, intellectual property, and human resource aspects. Take note that from marketing to closing, it can really get time-consuming for your business. Let professionals handle the rest. how it works how it works Why Hire Us? Legend Financial advises private shareholders on enhancing their capital by sound […]
- [Start Up](https://legendfinancial.co.uk/what-we-do/business-services/start-up/): Start Up New businesses have yet limited resources to cope with start up demands, including compliance matters, administrative documents, tax-efficient way of working, risk management, business strategy, and decision making. All these can be overwhelming for businesses that are just starting up, which is why in this phase, partnering with business experts is crucial. Venturing on a start up business, you have all the good intentions—making it grow to its highest potential, gaining more customers, etc., and it’s good to start right. Expert advice is everything your business needs for a kickstart and to become successful in the long run. […]
- [Business Valuation](https://legendfinancial.co.uk/what-we-do/business-services/business-valuation/): Business valuation Business valuation is the calculation of a business’ economic value as a whole or a unit, serving as its price tag if it is sold. This service includes corporate valuation, gift, estate, and income tax valuation, buy-sell agreement valuation, financial reporting valuation, ESOP and ERISA valuation, etc. Only trusted professionals should calculate your business’ market value. Various factors need to be considered before the value is accurately worked out. Be sure to seek professional help when you decide to calculate your business’ worth. how it works how it works Why Hire Us? The results of business valuation differ […]
- [Tax Investigations](https://legendfinancial.co.uk/what-we-do/taxation-services/tax-investigations/): tax investigations The HMRC does a tax investigation every year to protect the funds that belong to the UK, ensure that the tax system is performing well, and check that the taxpayers are paying their taxes properly, with the right amount, and on time. You’ll be given a letter informing you about the tax compliance check with the specific reasons and will have 40 days to turn over the required documents. Failure to submit the documents on time may subject you to a penalty of up to £300. how it works how it works Why Hire Us? When you are […]
- [Benefits and Tax Credits](https://legendfinancial.co.uk/what-we-do/taxation-services/benefits-and-tax-credits/): Benefits And Tax Credits UK tax benefits are either taxed or non-taxed. One that’s considered a benefit is tax credit. There are two categories of benefits and tax credits—working tax and child tax credits. You can claim either one of the categories or both, according to your situation. Working tax credit (WTC) is for those who earn under the low-income bracket or are employees, whether working in a company or for themselves (self-employed). To be eligible for WTC, certain criteria have to be met, such that you are over the age of 16, reside in the UK, and you are […]
- [Capital Gains Tax](https://legendfinancial.co.uk/what-we-do/accountancy/capital-gains-tax/): Capital Gains Tax When your earnings from selling various assets exceed the yearly tax-free amount, you pay Capital Gains Tax (CGT). Both the residents who are within and outside the country have to pay their CGT. Certain types of assets are charged while others may be tax-exempt. Business assets you have to pay CGT on include fittings and fixtures, shares, digger, reputation of your corporation, lands and structures, and business trademarks that have been registered. Chargeable personal assets include any personal belongings worth more than £6,000, main residence used for business or rented out, massive primary residence, and shares not […]
- [Estate Trust Planning](https://legendfinancial.co.uk/what-we-do/taxation-services/estate-trust-planning/): estate trust planning AND INHERITANCE TAX When it comes to trust and estate planning, there are surprisingly a lot of myths still believed in the UK which you might be guilty about too. First off, giving away your assets before you die will not make you exempt from inheritance tax. That only works when you’re out of the picture after 7 years. Every year, you can only give IHT-free gifts of up to £3,000 and that’s it.   Whoever is stated in the will receives the assets, and only when you’re a legitimate civil or married partner can you be […]
- [Tax Planning](https://legendfinancial.co.uk/what-we-do/taxation-services/tax-planning/): Tax Planning There are plenty of taxes in the UK, and as all taxpayers are aware of, they do significantly eat up a considerable portion of your income. In the case of IHT, the earlier you do and act on your inheritance tax planning, the lesser your inheritors’ obligations will be. For income and corporation taxes, you have several allowances and reliefs to take advantage of. And you never know if you might be VAT-exempt for the construction project you undertake.  Proactive tax planning is the most effective way to reduce your tax obligations. Legend Financial knows all the ins […]
- [CIS Returns](https://legendfinancial.co.uk/what-we-do/accountancy/cis-returns/): cis returns CIS returns to serve as a monthly financial record of how much contractors pay to their subcontractors. Every entity in the construction industry is taxed in the CIS or Construction Industry Scheme. Contractors deduct tax from their subcontractor’s wages and pay it in advance to the HMRC. Subcontractors, on the other hand, must file an annual tax return and claim back any overpaid taxes under the Construction Industry Scheme; the average return for CIS tax is £2,500. Unverified or unregistered subcontractors get 30% deduction from their wage whilst the registered ones are deducted at 20%. Whilst subcontractors have […]
- [Company Secretarial Work](https://legendfinancial.co.uk/what-we-do/accountancy/company-secretarial-work/): Company Secretarial Work Companies Act 2006 requires all incorporated entities to maintain proper documentation and records such as register of members, directors, articles of association, etc. and file confirmation statements with the Companies House. All these are accomplished through company secretarial work. A company secretary helps businesses in a whole lot of corporate matters, from dealing with finances, complying with the UK regulations, to handling a lot of paperwork that includes crucial legal files. Instead of handling these tedious tasks themselves, businesses can do better by hiring secretarial work. how it works how it works Why Hire Us? Various resolutions […]
- [Computerized Softwares](https://legendfinancial.co.uk/what-we-do/accountancy/computerized-softwares/): computerized software Small- and medium-sized businesses greatly benefit from computerized software programs such as Xero, QuickBooks, etc. for their accounting and bookkeeping needs. These programs can be easy to navigate and can already provide complete support for all the functions of an organization. Through computerized accounting software, you get system-derived automations, streamlined data access, secure data files, and fast and scalable processes. This kind of efficiency makes these software programs cost-effective overall. how it works how it works Why Hire Us? While computerized software programs are simple and easy to use, mostly automating manual tasks involved in accounting and bookkeeping, […]
- [Bookkeeping](https://legendfinancial.co.uk/what-we-do/accountancy/bookkeeping/): bookkeeping Most startup owners feel if they only know bookkeeping, they will not have to pay for a professional. Admit it, you might have that idea too or on the dangerous side, doing it yourself without solid finance training or experience. DIY in such cases, especially when you’re handling growing volumes of transactions, can lead to potentially serious financial consequences.   Better invest in efficient bookkeeping services than find yourself having to clean up the mess afterward. It will save a lot of your time too. Legend Financial is here to take this task off your shoulders and give you the peace […]
- [Self-assessments](https://legendfinancial.co.uk/what-we-do/accountancy/self-assessments/): Self-assessments Certain circumstances require you to pay your income tax first through Personal Assessment Tax Return, otherwise called Self-Assessments, and not through the PAYE system. Ask a tax professional whether your situation requires you to pay income tax or not. Usually, you are obliged to pay your tax through Self-Assessment when you are self-employed, a business partner, a company director not paying tax through PAYE, a recipient of pension scheme or trust, earn from a property exceeding £2,500, have savings that exceeds £1,000 every year yet untaxed, etc. how it works how it works Why Hire Us? Filing for Self-Assessments […]
- [Payroll](https://legendfinancial.co.uk/what-we-do/accountancy/payroll/): Payroll OUTSOURCING SERVICEs With a lot of taxes in the UK, not everyone has the same payroll system. Construction workers, for example, will have to follow CIS payroll. Contractors deduct their subcontractors’ taxes upfront accompanied by payments and deduction statement (PDS) copies. Getting them wrong, for the ever-strict HMRC, will always put you at risk of penalties.  Businesses have different payroll requirements, but they all boil down to how you can make the process more accurate and efficient. Legend Financial offers payroll outsourcing services to help walk you through payroll software programs or do the task on your behalf.  how […]
- [Value Added Tax (VAT)](https://legendfinancial.co.uk/what-we-do/accountancy/value-added-tax/): Value Added Tax (VAT) In the UK, most services and goods are charged with VAT (Value Added Tax). Only those businesses that are registered with the HMRC can charge their customers with it. These sales are then called “VAT-able” or “taxable” sales. Businesses in the UK with an overall profit of £85,000 or more that is non-VAT-exempted are required to register for VAT and comply with the regulations or they get fined. On the other hand, registering for VAT is a choice for businesses that have sales less than this amount. It pays to have your business VAT-registered. Aside from […]
- [Management Reports](https://legendfinancial.co.uk/what-we-do/accountancy/management-reports/): Management Reports Key insights from management reports are vital for management and business owners to keep the progress of the business on track. These reports show a big picture perspective of the clients’ business. When the data is refined, it is then used to determine modifications in strategic planning. The keys to making effective management reports include setting strategic objectives, selecting audience-based KPIs, considering the feedback of customers, telling stories using the data, etc. Professionals can do this job more efficiently and accurately. how it works how it works Why Hire Us? Legend Financial has helped various businesses increase their […]
- [Annual Accounts & Corporation Tax Return](https://legendfinancial.co.uk/what-we-do/accountancy/annual-accounts-corporation-tax-return/): Annual Accounts & Corporation Tax Returns Running an incorporated business means having to file annual self-assessments for your corporation tax. And HMRC, strict as ever, will always look closely into how promptly and accurately you submit your annual accounts and corporation tax return. You can be at risk of penalties when you submit your corporation tax return late and with some errors. The best way to prevent penalties is to work on your returns as early as possible and with tax experts to ensure timeliness and accuracy. Legend Financial is here to help you be compliant in all the tax […]
- [Taxation Services in Stratford, London](https://legendfinancial.co.uk/contact/london/): taxation services in stratford Personal Taxation Services In Stratford Our Services Get in touch COMPREHENSIVE CONSULTANCY SERVICES Legend Financial’s journey began with a vision to empower individuals and businesses with the knowledge and support needed to thrive financially. For over a decade, Legend Financial has been providing exceptional tax, accountancy, and business development services throughout the UK.   Today, we stand as industry experts, committed to delivering proactive and unparalleled financial solutions. We believe that your financial well-being is our responsibility, and we take it seriously. When you work with us, your goals become our goals.  Take the next step towards […]
- [Financial Services](https://legendfinancial.co.uk/what-we-do/financial-services/): Financial Services In this era, meeting the financial needs of developing companies requires a wide variety of financial service providers. Along with this, the involvement of payment facilitators, such as agent networks, mobile network operators, and others is also rudimentary. Therefore, we provide support to our clients in creating optimum and efficient finance functions with several accounting, reporting, and analytics services. With the emergence of new areas of investments, there is a wide range of funding resources which you can target to meet your revenue milestones. To achieve this, we support our clients to carefully plan their funding targets and […]
- [Taxation](https://legendfinancial.co.uk/what-we-do/taxation-services/): Taxation Services Individuals and businesses tend to commit mistakes around their taxes due to lack of advice and planning, resulting in increased tax rates, investigations, and non-compliance penalties, all of which would have been prevented if they partnered with tax specialists. But you can have the upper hand over your business and personal taxes when you opt for our taxation services. Legend Financial can help in many aspects, including assessing employment tax, conducting tax compliance to HMRC, and more. Take a look at the range of our services. Tax planning Planning your taxes ahead is the best way to reduce […]
- [Construction](https://legendfinancial.co.uk/who-we-help/construction/): construction One of the most tax-fraught in the UK sectors is the construction industry. For contractors and subcontractors, having to deal with the Construction Industry Scheme (CIS), CIS invoices, IR35 rules, and construction-specific VAT systems sounds overwhelming from the get-go.   In our experience, most construction workers don’t have full understanding of these regulations, which makes errors easier done than evaded. You may have submitted your tax returns earlier but received a CIS penalty, nonetheless. Unfortunately, errors are subject to penalties too. Legend Financial is here to ensure you are CIS-compliant in every way.  how it works how it works Why […]
- [Owner Managed Businesses](https://legendfinancial.co.uk/who-we-help/small-medium-entities/): Owner Managed Businesses As small and medium entities grow, challenges increase. Strategically dealing with these issues enables owner-managed businesses to stand out from other entities in the competitive market. To ensure success in each business cycle, it’s wise to partner with advisory specialists. Managing your own business is a full-time job, but tasks and challenges become less overwhelming when you delegate them to employees, outsource workers, and specialty professionals. You will need specialists, especially in taxation, accounting, business, and financial aspects, as they handle complex matters that could be beyond your grasp or if they’re simply tedious and time-consuming. how […]
- [Investment Properties](https://legendfinancial.co.uk/who-we-help/investment-property/): investment properties The property investment market has always been volatile. Take pandemic and geopolitics that can easily shift the table for investors. There are a lot more factors that exacerbate the challenges. The unstable market condition also catapulted a lot of residential homeowners into becoming “accidental landlords,” such that they need to move out but find it hard to sell their investment properties and will need to rent them out for the meantime.   Whether you’re a new or long-term investor, you need to be updated and versatile enough to adapt your strategies according to the market situation. Setting up investment […]
- [Private Security Services](https://legendfinancial.co.uk/who-we-help/private-security-services/): Private Security Services As you secure other businesses’ premises, properties, and personnel, be sure to secure yours behind the scenes too, and by that, we mean the financial department. Like every other business in the UK, you’ll have to comply with different kinds of taxes, sort out your accounting matters, pass the SIA audits, and acquire other licenses that will get you ahead of other competitors in the sector.   Passing the SIA audits is your gateway to being recognised as a high-standard private security services provider, which, for every security firm in the UK, is one of the most intimidating […]
- [Accountancy](https://legendfinancial.co.uk/what-we-do/accountancy/): Accountancy Services Our professionals consult and assist clients at every stage and give ground-breaking solutions based on sound knowledge as well as competitor analysis. We offer services in a way that helps them cope with the ever-changing circumstances in the market. We supervise their accounting departments, keep a check on the accounting system, schedule systematic evaluations, offer exceptional accounting plans explicitly tailored for business requirements, implement those in the organization, deploy internal audit systems, and generate financial reports and statements to keep an eye upon their annual financial budget. auto-enrolment When it comes to employee pensions, auto enrolment makes the […]
- [Values and Culture](https://legendfinancial.co.uk/who-we-are/values-and-culture/): Values And Culture We are not just colleagues who work together, but we are a family where every member is passionate about mutual growth. We strive for excellence by maintaining tranquility among the team members. We do not practice labeling our team by calling them “staff,” “junior,” or “supervisor.” We refer to each other as a team and we feel dignity in doing so. Honesty, integrity, self-accountability, and steadiness are core values at Legend Financial. We have a friendly, collaborative, and homely culture at work. We set realistic targets and achieve milestones one after the other through a peaceful work […]
- [Who We Help](https://legendfinancial.co.uk/who-we-help/): Who We Help! for people who get the job done We are offering services with our well-experienced and professional equipped accountants, dedicated client managers, and a combination of skills and technology. We facilitate our clients in the areas of private security, construction, owner-managed businesses, eCommerce businesses, and investment properties as we understand their needs and support them by guiding them through every step of the way. We ensure to provide not only guidance and advice but also exhibit the facts and figures to assist our clients. If you fall in any of the following business categories, we are the people […]
- [Copyright](https://legendfinancial.co.uk/copyright/): Copyright Content of this site is copyrighted. The content/information provided herein is not to be copied or reproduced for any commercial gain. Should you use the content unauthorised, including uploading any of the pages onto your own website you may infringe copyright, trademark and other laws. Should you choose to download any of the information appearing on this website for whatever use, you must retain all copyright and any other proprietary information contained herein, whether downloaded or not.
- [Accessibility Statement](https://legendfinancial.co.uk/accessibility-statement/): Accessibility Statement We want everyone who visits our website to feel welcome and find the experience rewarding. We are committed to providing a website that is accessible to the widest possible audience. We are actively working to increase the accessibility and usability of our website and in doing so adhere to many of the available standards and guidelines. WHAT ARE WE DOING? To help us make the website a positive place for everyone, we’ve been using the Web Content Accessibility Guidelines (WCAG) 2.1. These guidelines explain how to make web content more accessible for people with disabilities, and user friendly for everyone. […]
- [Team](https://legendfinancial.co.uk/who-we-are/team/): Team fahad lateef principal accountant, milton keynes Fahad is a Chartered Certified Accountant (ACCA), proficient in numeracy and impassioned with giving concise advice to a wide range of clients related to different industries. With an immense experience of over a decade, he has worked as an advisor on different projects run by audit giants like Deloitte and others. View Profile junaid usman senior business & tax consultant, stratford london As a lead consultant of our growing company, Junaid has been instrumental in the achievement of our success across various regions covering the UK, Northern America, Europe, Middle East, South Asia […]
- [Who We Are](https://legendfinancial.co.uk/who-we-are/): Who We Are about us Legend Financial has flourished to transform into a renowned, client-centred, well-respected, mid-sized accounting firm in the United Kingdom, offering a comprehensive spectrum of accounting, tax, and financial services to clients since June 2010, with the agenda of having a mutual financial gain within the UK regulatory system. The firm is organized and aimed to provide a significant number of resources to its clients; hence, is also structured to ensure each client receives professional, one-on-one attention, and customised service.We proudly offer a variety of tax and accounting services for professionals, corporations, and individuals, including, but not […]
- [Contact](https://legendfinancial.co.uk/contact/): Contact Us Locations london – stratford Citygate House, 246-250 Romford Road, London, E7 9HZ 0207 101 9477 hello@legendfinancial.co.uk location details london – hounslow House 3rd Floor 65, Holdsworth, 73 Staines Rd, Hounslow TW3 3HW 0208 064 4445 hello@legendfinancial.co.uk location details milton – keynes Midsummer Court, 314 Midsummer Blvd, Milton Keynes MK9 2UB, United Kingdom 01908 755 766 hello@legendfinancial.co.uk location details manchester 10th Floor, 3 Hardman Street, Manchester, M3 3HF 0161 5211 555 hello@legendfinancial.co.uk location details GLASGOW 20-23 Woodside Place, Glasgow, G3 7QL 0141 343 7200 hello@legendfinancial.co.uk location details bolton 361 Wigan Rd, Bolton, BL3 5QU 01204 80 80 70 hello@legendfinancial.co.uk […]
- [Home Page](https://legendfinancial.co.uk/home-2/): legendary expertise, epic success stories we are legends we’re the professionals Complicated accounts? Bring ’em on. Want to pay less tax? That’s the kind of challenge we like. If you want to deal with accountants who tell it like it is, get things done and hate wasting money as much as they hate wasting time, you’re in the right place. meet the squad a particular set of skills WHAT WE DO When it comes to tax, financial services, and business advice, we’ve paid our dues and really know our stuff. From accounts preparation to tax returns, we get the job […]
- [Privacy Statement and Cookie Policy](https://legendfinancial.co.uk/privacy-statement-cookie-policy/): Privacy Statement And Cookie Policy OUR PRIVACY STATEMENT By using our site, you consent to us processing your data and you warrant that all data provided by you is accurate. INFORMATION ABOUT US We are Legend Financial and Tax Advisers Ltd,Citygate House, 246 – 250 Romford Road, London, E7 9HZ,VAT number: 326420135,Company number: 08103572,Registration location: England & Wales For more information, please see our Contact Us page and/or the footer of this website. This Website is designed and hosted on behalf of Legend Financial and Tax Advisers Ltd by PracticeWEB a trading division of Sift Media Limited (company registration number 05923499) […]
- [Terms & Conditions](https://legendfinancial.co.uk/terms-and-conditions/): Terms & Conditions This page (together with the documents referred to in it) tells you the terms of use on which you may make use of the website at https:///legendfinancial.co.uk (“our site”). These terms apply whether you use our site as a guest or a registered user. Use of our site includes accessing, browsing, or registering to use our site. Please read these terms of use carefully before you start to use our site. We recommend that you print a copy of this for future reference. By using our site, you confirm that you accept these terms of use and that you […]
- [Cookie Policy](https://legendfinancial.co.uk/cookies-information/): About this cookie policy This Cookie Policy explains what cookies are and how we use them, the types of cookies we use i.e, the information we collect using cookies and how that information is used, and how to control the cookie preferences. For further information on how we use, store, and keep your personal data secure, see our Privacy Policy. You can at any time change or withdraw your consent from the Cookie Declaration on our websiteLearn more about who we are, how you can contact us, and how we process personal data in our Privacy Policy.Your consent applies to […]
- [Blog & News](https://legendfinancial.co.uk/blog/): BLOG Accountancy, tax and financial services Uncategorized Claiming Back VAT Is there any way for claiming back VAT? Imagine you are paying VAT on different goods and services but you… continue reading April 15, 2021 Uncategorized Uncategorized VAT Reverse Charge: Important Updates Contractors and Subcontractors Need To Know All of the items that are either purchased or on sale have a specific amount of tax on them. This… continue reading March 25, 2021 Uncategorized Uncategorized Inheritance Tax Planning: 10 Strategies You Can Follow What if you don’t even have a chance to live for next years? What are your strategies […]
- [What We Do](https://legendfinancial.co.uk/what-we-do/): What We Do taxation services Individuals and businesses tend to commit mistakes around their taxes due to lack of advice and planning, resulting in increased tax rates, investigations, and non-compliance penalties, all of which would have been prevented if they partnered with tax specialists. But you can have the upper hand over your business and personal taxes when you opt for our taxation services. Legend Financial can help in many aspects, including assessing employment tax, conducting tax compliance to HMRC, and more. Take a look at the range of our services. Tax planning Planning your taxes ahead is the best […]
- [R&D Tax Services Manchester, London UK](https://legendfinancial.co.uk/taxation-services-in-manchester-uk/rd-tax-services-manchester-london-uk/): R&D TAX SERVICES Manchester, London R&D can be the most expensive project your business may ever initiate, as coming up with new or improved products, services, or processes necessitates advanced software, technology, and staff. Expenses are upfront, and ROI may not be sure. An R&D tax credit exists for this purpose. It is our goal to propel you to greater heights, and acting as your R and D tax intermediary allows us to do so. Whether you are an SME or a large business about to make an investment for research and development, Legend Financial’s R&D tax services have got […]
- [Tax Investigation Services Manchester, London UK](https://legendfinancial.co.uk/taxation-services-in-manchester-uk/tax-investigation-services-manchester-london-uk/): TAX INVESTIGATION SERVICES Manchester If you have received an HMRC tax investigation letter or phone call, no need to panic. You have the best tax investigations specialists from Legend Financial. For everyone who has been through it, no doubt, the process can be very time-consuming and stressful. But that does not automatically mean you have committed a serious crime. Any sudden changes in your tax return or payroll or operating in a sector HMRC targets for that tax year may have triggered the audit. We are here for any type of tax investigation you may have to face! Legendary Solutions […]
- [Capital Gains Tax Adviser Manchester, London - Legend Financial](https://legendfinancial.co.uk/taxation-services-in-manchester-uk/capital-gains-tax-adviser-manchester-london-legend-financial/): CAPITAL GAINS TAX ADVISER Manchester London Any profit you make from disposing of investments or assets will be subject to capital gains tax. Whilst its rates are lower than ordinary income, the capital gains are added to your taxable income within that tax year, so the amount can still add up, nonetheless. If you plan to sell your collectibles, discuss it beforehand with a capital gains tax accountant so you can curb your tax rates through every legal means possible. Legendary Solutions Are Just One Call Away Curb Your Capital Gains Taxes, Boost Your Income Top-Notch Capital Gains Tax Services […]
- [Tax Planning Services Manchester](https://legendfinancial.co.uk/taxation-services-in-manchester-uk/tax-planning-services-manchester/): TAX PLANNING SERVICES Manchester, UK Do not wait until tax filing deadlines arrive. The earlier you do tax planning, the more you can curb your tax liability and take advantage of the benefits that are rightfully yours. Moreover, once you receive penalties for late filing or submitting inaccurate tax returns, the amount can get hefty overtime. Tax preparation not only helps you avoid these troubles but also makes sure you get any applicable refunds sooner. Legendary Solutions Are Just One Call Away Leading Tax Advising Services Provider in the UK Save Your Efforts, We Do the Complex Job Complying with […]
- [EIS and SEIS Services Milton Keynes, London UK](https://legendfinancial.co.uk/business-development-services-milton-keynes/eis-and-seis-services-milton-keynes-london-uk/): EIS AND SEIS SERVICES Milton Keynes, London Looking to raise capital for your business? See if the government’s equity finance schemes are suitable for your company. The seed enterprise investment scheme (SEIS) caters to eligible startups, whilst the enterprise investment scheme (EIS) helps qualifying SMEs. Obtaining venture capital is not always easy—investors look for anything but high-risk investment. Once HMRC grants approval, early-stage companies can attract investors, the latter enjoying tax breaks at a certain level, even up to exemption! Legend Financial is here to liaise for both businesses and investors in reaching their goals. Talk to us today to […]
- [Business Plan Services Milton Keynes - Market Research Agency](https://legendfinancial.co.uk/business-development-services-milton-keynes/business-plan-services-milton-keynes-market-research-agency/): Business Plan Services Milton Keynes – Market Research Agency Every firm needs a business plan to get from where it is now to where it wants to go. If you are just starting, trying to obtain capital funds, or establishing a plan for other purposes, search business plan writers near me, and you will find Legend Financial, the most trusted full service market research company in the UK. We have been serving various industries for more than ten years, so our competence in business plan writing services UK is unmatched. See for yourself! Legendary Solutions Are Just One Call Away […]
- [Business Valuation Services Milton Keynes - Company Valuation Service](https://legendfinancial.co.uk/business-development-services-milton-keynes/business-valuation-services-milton-keynes-company-valuation-service/): BUSINESS VALUATION SERVICES Milton Keynes There are many reasons businesses go through company valuation, and in our experience, it is usually during difficult times—entering a buy-sell agreement, restructuring tax and accounting system, or having shareholder disputes. For this matter, search for business valuation services near me, and you will find Legend Financial. We have been providing small business valuation services for over a decade. Whether you want to clear up disputes or are trying to increase your business’s value for future sales, you can trust our experienced valuers. Talk to us today! Legendary Solutions Are Just One Call Away Proven […]
- [Budgeting and Forecasting Services Milton Keynes, London](https://legendfinancial.co.uk/business-development-services-milton-keynes/budgeting-and-forecasting-services-milton-keynes-london/): BUDGETING AND FORECASTING SERVICES Milton Keynes, London Regular budgeting and forecasting are a few of the best practices successful businesses follow, both being crucial aspects of financial planning and analysis (FP&A) processes. It is not advisable for entrepreneurs to handle this task themselves—forecasting is a delicate process in itself, requiring deep accounting and company insights to arrive at major decisions. That is what Legend Financial is here for—consult with us today! Legendary Solutions Are Just One Call Away Crafting Best Business Plans from Data-Driven Insights Premier Budgeting and Forecasting Services in the UK Budgeting may sound easy, but without the […]
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- [Business Development Services Milton Keynes](https://legendfinancial.co.uk/business-development-services-milton-keynes/): Business Development Services Milton Keynes If you fail to plan, you plan to fail. This rings true in all aspects but is more pronounced in businesses. Not having a clear goal and roadmap will get your business stuck in a rut. It is crucial you take a step back and consider what needs adjustments. No idea where to start? Google business advice near me, and you will find one of the business development agencies in the UK that stands out—Legend Financial. The price you pay for growth could never equal the heights your business could reach. Legendary Solutions Are Just […]
- [Accountancy Services Milton Keynes, London](https://legendfinancial.co.uk/accountancy-services-milton-keynes-london/): Accountancy Services Milton Keynes, London It is a well-known fact that startups usually fail in their first year, unless they make their business’ backbone a priority—accounting. Do not fall into the trap of skimping on accountancy services London only to find yourself facing the most dreaded bottlenecks in the end. Search accounting services near me and you will find Legend Financial, a reputable accounting firm in the UK that offers a very market-competitive fee! Legendary Solutions Are Just One Call Away Complicated Accounts? We Make Them Look Easy! Introducing the Most Trusted Accountancy Firm in the UK When you google […]
- [Taxation Services in Milton Keynes UK](https://legendfinancial.co.uk/taxation-services-in-milton-keynes-uk/): Taxation Services in Milton Keynes, UK Serving in the industry for more than a decade, Legend Financial knows exactly how frustrating taxes can be. That is why we are here—to give you expert business and personal taxation services in Milton Keynes and guarantee your peace of mind that competent professionals are handling your taxes. Legendary Solutions Are Just One Call Away Say Goodbye to Tax Headaches Welcome to Premier Tax Solutions at Legend Financial Tax season, the time of filing returns and making payment, is just always around the corner, and unfortunately, it is every accounting year! Legend Financial and […]
- [Business Plan Services Hounslow - Market Research Agency](https://legendfinancial.co.uk/business-development-services-hounslow/business-plan-services-hounslow-market-research-agency/): Business Plan Services Hounslow – Market Research Agency Every firm needs a business plan to get from where it is now to where it wants to go. If you are just starting, trying to obtain capital funds, or establishing a plan for other purposes, search business plan writers near me, and you will find Legend Financial, the most trusted full service market research company in the UK. We have been serving various industries for more than ten years, so our competence in business plan writing services UK is unmatched. See for yourself! Legendary Solutions Are Just One Call Away You […]
- [Tax Investigation Services Hounslow, London UK](https://legendfinancial.co.uk/taxation-services-in-hounslow-uk/tax-investigation-services-hounslow-london-uk/): TAX INVESTIGATION SERVICES Hounslow If you have received an HMRC tax investigation letter or phone call, no need to panic. You have the best tax investigations specialists from Legend Financial. For everyone who has been through it, no doubt, the process can be very time-consuming and stressful. But that does not automatically mean you have committed a serious crime. Any sudden changes in your tax return or payroll or operating in a sector HMRC targets for that tax year may have triggered the audit. We are here for any type of tax investigation you may have to face! Legendary Solutions […]
- [Taxation Services in Hounslow UK](https://legendfinancial.co.uk/taxation-services-in-hounslow-uk/): Taxation Services in Hounslow, UK Serving in the industry for more than a decade, Legend Financial knows exactly how frustrating taxes can be. That is why we are here—to give you expert business and personal taxation services in Hounslow and guarantee your peace of mind that competent professionals are handling your taxes. Legendary Solutions Are Just One Call Away Say Goodbye to Tax Headaches Welcome to Premier Tax Solutions at Legend Financial Tax season, the time of filing returns and making payment, is just always around the corner, and unfortunately, it is every accounting year! Legend Financial and Tax Advisers […]
- [Accountancy Services Hounslow, London](https://legendfinancial.co.uk/accountancy-services-hounslow-london/): Accountancy Services Hounslow, London It is a well-known fact that startups usually fail in their first year, unless they make their business’ backbone a priority—accounting. Do not fall into the trap of skimping on accountancy services London only to find yourself facing the most dreaded bottlenecks in the end. Search accounting services near me and you will find Legend Financial, a reputable accounting firm in the UK that offers a very market-competitive fee! Legendary Solutions Are Just One Call Away Complicated Accounts? We Make Them Look Easy! Introducing the Most Trusted Accountancy Firm in the UK When you google accounting […]
- [Business Development Services Hounslow](https://legendfinancial.co.uk/business-development-services-hounslow/): Business Development Services Hounslow If you fail to plan, you plan to fail. This rings true in all aspects but is more pronounced in businesses. Not having a clear goal and roadmap will get your business stuck in a rut. It is crucial you take a step back and consider what needs adjustments. No idea where to start? Google business advice near me, and you will find one of the business development agencies in the UK that stands out—Legend Financial. The price you pay for growth could never equal the heights your business could reach. Legendary Solutions Are Just One […]
- [Capital Gains Tax Adviser Hounslow, London - Legend Financial](https://legendfinancial.co.uk/taxation-services-in-hounslow-uk/capital-gains-tax-adviser-hounslow-london-legend-financial/): CAPITAL GAINS TAX ADVISER Hounslow London Any profit you make from disposing of investments or assets will be subject to capital gains tax. Whilst its rates are lower than ordinary income, the capital gains are added to your taxable income within that tax year, so the amount can still add up, nonetheless. If you plan to sell your collectibles, discuss it beforehand with a capital gains tax accountant so you can curb your tax rates through every legal means possible. Legendary Solutions Are Just One Call Away Curb Your Capital Gains Taxes, Boost Your Income Top-Notch Capital Gains Tax Services […]
- [Legend Financial - Industry leading Financial, Business and Tax Advisers](https://legendfinancial.co.uk/): Legendary Solutions, Guaranteed Success 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. Our Services Who We Are Expertise Honed by a Decade Where Your Journey to Financial Freedom Begins Leave the complex tasks to the experts and focus on what truly matters. Legend Financial offers a comprehensive suite of services, from personalised tax planning to streamlined financial management. Whether you are an […]
- [Management Reporting Services](https://legendfinancial.co.uk/accountancy-services/best-management-reporting/): Management Reporting Services Keep in touch with your business’ financial health with Legend Financial’s real-time management reporting services. From measuring and monitoring KPIs and metrics, providing data-driven visualisations, graphs, and overall insights, to guiding your business’ decision-making, we have got your back for all that and more. With over twelve years of experience in the field and counting, you cannot go wrong partnering with us! Legendary Solutions Are Just One Call Away Establishing the Benchmarks in Financial Management Premier Management Accounts and Reporting Services Whilst your business maintains annual accounts, they do not highlight trends and insights to drive your […]
- [IR35 Assessment Services](https://legendfinancial.co.uk/taxation-services/ir35-assessment/): IR35 Assessment Services Legendary Solutions Are Just One Call Away Depending on the size of your business, it may be the employer or contractor to initiate an HMRC IR35 assessment. But to avoid inaccurate status determinations and potential penalties from HMRC, employ taxation experts for the job. Whilst HMRC has a CEST tool, it just serves as an indicator, not a handy help during tax investigations. To get the most reliable results, consult Legend Financial. It is our goal to help every one of our self-employed clients achieve tax compliance all the way! IR35 ASSESSMENT RESULTS YOU CAN TRUST Leading […]
- [Case Study 03](https://legendfinancial.co.uk/case-study-03/): Legend Financial & Tax Adviser Client Success Story Client Information: Client company: H&F Curtains and Blinds Client’s Business: Curtains and Window Treatments Client Contact Position: Owner Background: H&F Curtains is a well-established company in the curtains and window treatments industry. They have been experiencing growth and facing several financial and tax-related queries during their expansion. Problem: H&F Curtains needed professional financial and tax guidance to address their queries and ensure compliance as they expanded their business. They had experienced a few instances where they needed to contact their accountant to obtain information, which prompted them to seek a more responsive […]
- [Case Study 02](https://legendfinancial.co.uk/case-study-02/): Legend Financial & Tax Advisers Client Success Story Client Information: Client Name: Wesley Smith Client’s Business: Fashion Industry Client Contact Position: Director / Owners Background: Wesley, a businessman, has successfully established himself in the dynamic fashion industry. His journey began in 1997, inspired by his passion for design and tailoring, initially working with a simple sewing machine. Over the years, Wesley skilfully curated a team of talented artisans who shared his vision of delivering both quality and affordability. This has not only become a hallmark of his career but a testament to his dedication and success.  Problem: Wesley Smith faced […]
- [Case Study 01](https://legendfinancial.co.uk/case-study-01/): Self Employed Client Success Story Client Information: Client Name: John Client’s Occupation: Taxi Driver Client Contact Position: Self Employed Background: John, a taxi driver by profession, had encountered a series of financial and tax challenges stemming from errors made by his previous accountant. The most significant issue was the improper inclusion of all of John’s income as payroll, artificially inflating his apparent income for mortgage approval, which subsequently led to an excessive tax burden. This error resulted in an amount exceeding £50,000. Feeling financially overwhelmed, John sought assistance, as he believed he was unjustly burdened with tax liabilities that were […]
- [Email Confirmation Page](https://legendfinancial.co.uk/thank-you-for-contacting/): THANK YOU! Thanks, you’re all set. Thanks for Getting in Touch with Us!Your message has been received, and we appreciate you contacting us. Our team will review your inquiry and respond promptly. Connect with us Facebook X-twitter Linkedin Instagram Pinterest Youtube Visit Our Website CLICK HERE
- [Taxation Services in Glasgow](https://legendfinancial.co.uk/contact/glasgow/): tax services in Glasgow Personal Taxation Services in Glasgow Comprehensive Consultancy Services Legend Financial’s journey began with a vision to empower individuals and businesses with the knowledge and support needed to thrive financially. For over a decade, Legend Financial has been providing exceptional tax, accountancy, and business development services throughout the UK.   Today, we stand as industry experts, committed to delivering proactive and unparalleled financial solutions. We believe that your financial well-being is our responsibility, and we take it seriously. When you work with us, your goals become our goals.  Take the next step towards achieving your financial goals—contact […]
- [Careers](https://legendfinancial.co.uk/careers/): Careers WHY JOIN US? Professional growth and work-life balance at its finest—that is what you can expect working with Legend Financial. As the firm continues to flourish, we need more talented people onboard. Only the best gets to work with our thriving team. Discover how you can grow your career better with us. Explore our current vacancies and take your shot! CurrentVacancies Data Analyst This role is about more than just crunching numbers—you’ll be analysing financial patterns, client activity, and operational data to identify opportunities for efficiency. More Details Office Manager Is managing your forte? See how you can do […]
- [Job Assistant Accountant](https://legendfinancial.co.uk/careers/assistant-accountant/): Assistant Accountant Company Overview Legend Financial is a rapidly growing firm with an increasing number of clients. Now, we are looking forward to strengthening our team with the right resources to maintain our quality and client satisfaction. Currently, we are looking for an Assistant Accountant with the following attributes: Qualification and Experience Minimum 3-year experience in the field of accounting and bookkeeping  Minimum BSc in Accounting or similar Preferably have ACCA (at least partially completed) or AAT but not required Job Description Procuring data from the clients by phone calls and emails for processing of Tax/VAT returns, Annual Accounts, and […]
- [Job COS office manager](https://legendfinancial.co.uk/careers/cos-office-manager/): COS Office Manager Legend Financial and Tax Adviser Limited Position Overview We are seeking a dedicated and experienced Office Manager to oversee the efficient functioning of our financial and tax adviser company’s administrative operations. The ideal candidate will be highly organised, detail-oriented, and possess excellent communication and interpersonal skills. As the Office Manager, you will play a crucial role in maintaining a well-organised and productive office environment while providing support to both clients and staff.  Key Responsibilities Administrative Oversight: Manage daily office operations, including scheduling, coordinating appointments, and ensuring smooth communication within the team and with clients. Client Interaction: Serve […]
- [Jobs](https://legendfinancial.co.uk/jobs/): Office Manager About the job: Legend Financial is a rapidly growing firm with an increasing number of clients. Now, we are looking forward to strengthening our team with the right resources to maintain our quality and client satisfaction. Currently, we are looking for an Office Manager with the following attributes: Qualification and Experience Job Description Job Specifications Apply at: hello@legendfinancial.co.uk
- [Saiqa Akbar](https://legendfinancial.co.uk/saiqa-akbar/): our team saiqa akbar accountant Saiqa is a qualified accountant with an MBA degree who believes in delivering qualitative expert services efficaciously, adding value to the clients’ business and sustaining enduring client relationships. With her acumen for advisory mindset, she has successfully created intellectual capital and defined the methodology required to develop the practice for financial development. She meets tight deadlines and can effectively perform even under workload because years of accountancy practice have allowed her to understand emerging business needs by providing a whole range of services to a diverse client base. Saiqa has always believed in assertiveness, passion […]
- [Ghazaleh Bashkani](https://legendfinancial.co.uk/ghazaleh-bashkani/): our team ghazaleh bashkani accountant On top of her certifications, Ghazaleh is an avid learner, believing that the principle of adapting to the changes in this advancing world allows her to meet the emerging business needs of her clients as an accountant. Ambitious and vibrant, she visualizes herself becoming one of the sterling professionals in her field and managing one of the branches of Legend Financial. Outside work, she loves to read, learn languages, hike, exercise, and participate in church. A deep-seated philomath, Ghazaleh persists in honing her skills and work ethic, all the whilst ensuring her personal and spiritual […]
- [Darren Menzies](https://legendfinancial.co.uk/darren-menzies/): our team darren menzies accountant Darren is a Qualified Accountant with a firm belief in integrated team work. Darren has leveraging expertise in bookkeeping and business development along with cultural understanding to deliver exceptional and tailored services in accounting, as well as tax, financial advisory and consulting. He is highly regarded and an experienced accountant of Legend Financial. Darren is proficient in listening, building relationships, and understanding your concerns to deliver an experience that’s more personal, agile and proactive. +44 (0) 330 460 9930 hello@legendfinancial.co.uk
- [Free E-Book on CGT!](https://legendfinancial.co.uk/free-e-book-on-cgt/): THANK YOU! Information sent successfully, expect a call within the next 48 hours. You can download our Free E-Book on CGT by clicking the download button. Click Here to Download
- [Medical & Healthcare](https://legendfinancial.co.uk/who-we-help/medical-healthcare/): Medical & Healthcare Diverse options are available to those who want to build a startup in the medical & healthcare industry. Whilst these different businesses will always be in demand, running them can be very challenging. But even so, there are various ways to stand out among many others in the competition. A lot of aspects have to be taken care of in medical & healthcare businesses, including their financial, taxation, and accounting matters. These are key aspects that when managed well can greatly streamline them toward growth. how it works how it works Why Hire Us? Legend Financial has […]
- [Research & Development (R&D) ](https://legendfinancial.co.uk/what-we-do/taxation-services/research-development-rd/): research & development (r&d) For innovating businesses in the field of science and technology, here’s a tax incentive you should not miss out on— research and development tax credit or R&D. If your business is small to medium-sized, you can claim SME relief. Large businesses can take advantage of RDEC or expenditure credit.    How can research and development help your business? The more you innovate for efficiency, and quality, and potentially come up with revolutionary ideas or products, the more promising your enterprise’s trajectory is. It’s a win-win for both the UK economy and your company, so the government […]
- [EIS and SEIS](https://legendfinancial.co.uk/what-we-do/business-services/eis-and-seis/): EIS AND SEIS EIS and SEIS, which stands for Enterprise Investment Scheme and Seed Enterprise Investment Scheme respectively, help businesses get the funding they need whilst investors get immense tax relief to invest in businesses that qualify for the two. Startup businesses in the UK can obtain support either from EIS or SEIS. EIS helps medium-sized businesses to obtain funds while SEIS supports those in their very early stage. After three years, investors in this setup no more pay capital gains tax on the profits of their shares. how it works how it works Why Hire Us? Your business can […]
- [Wealth Management](https://legendfinancial.co.uk/what-we-do/financial-services/wealth-management/): Private Wealth Management Why store money in the bank when you can diversify and grow it in every way? Can you say you’ve used up your tax privileges to the maximum? And if ever you are out of the picture, are you sure your beloved ones don’t have to grapple with the potentially hefty inheritance tax they’ll be dealing with?  “Manage money wisely”—that’s where wealth management revolves around. From education, investment, insurance, estate, and tax to retirement, you can plan them all. You get to accumulate more wealth and save on your taxes—in the case of inheritance tax or wealth […]
- [Why Trust Us](https://legendfinancial.co.uk/who-we-are/why-trust-us/): Why Trust Us Legend Financial has been working for a decade to provide exceptionally and up to the mark financial services to their customers. Our dynamic and dedicated proactive team works to provide services as industry experts. Legend Financial core values are Honesty, Integrity, Self-Accountability, and Steadiness. We strive for excellence by maintaining tranquility among the team members. We are a family where every member is passionate about mutual growth. In the consultancy domain about taxes and business advisory, Legend Financial has all the services to cater to customer needs regarding reporting and recording the data, strategic planning, and investment […]
- [Marketing Strategies](https://legendfinancial.co.uk/what-we-do/business-services/marketing-strategies/): Marketing Strategies Growth is essential for any business. One of the ways to achieve this is to implement marketing strategies that can cater to the ever-evolving market and customer needs. Marketing strategies may include creating and optimizing your website, having a good presence and image in social media, making sure you rank high in search engines, etc. Using both digital and traditional marketing strategies will be best for your business since a reasonable number of British customers still opt for physical store. Choose business advisors that understand well how you can work around these two. how it works how it […]
- [IR35 Assessment](https://legendfinancial.co.uk/what-we-do/taxation-services/ir35-assessment/): ir35 Assessment Whether or not you’re inside IR35 and how truthful you are to your declared status—that matters a lot to HMRC. HMRC wants to know if you’re legitimately self-employed, which means you’re outside IR35. Otherwise, you may be considered a “disguised employee” and potentially receive penalties, where you worked and acted like an employee but are outside the payroll.  Every construction worker will have to take the IR35 assessment and prove that they’re lawfully not under IR35. If you can prove you’re legitimately working under a business-to-business contract, then you’re spared from IR35 rules. But it can be really […]
- [Expanding Overseas](https://legendfinancial.co.uk/what-we-do/taxation-services/expanding-overseas/): expanding overseas Every ambitious business sees to it that it continually grows, and as much as possible, in a rapid way that it can handle. One best way to do this is to expand your trade overseas whether inside Europe or across the globe. Expanding overseas requires solid strategies in terms of the business’ setup, structure, persons to do the management and control overseas, repatriation of the income, employment concerns, etc. The right plans and methods can kickstart your business to its highest potential. how it works how it works Why Hire Us? Enlarging your business abroad wouldn’t be simple. […]
- [Fahad Lateef](https://legendfinancial.co.uk/fahad-lateef/): our team fahad lateef principal accountant 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 related to different industries. Fahad has worked in various organizations, including public practice firms and industry and commerce. With an immense experience of over a decade, he has worked as an advisor on different projects run by audit giants like Deloitte and others. Working strategically, he aims to maximize profitability on behalf of you. His principles include: One-to-one financial advice […]
- [Faizan Rashid](https://legendfinancial.co.uk/faizan-rashid/): our team faizan rashid Commercial Director A well-qualified accountant with a firm belief in a team environment, working to deadlines, is usually absolute as tax return deadlines are non-negotiable. He is highly regarded and the most experienced professional of Legend Financial. While looking after our Crawley office, he has been providing well-thought-out strategies and solutions to complex problems in tax and regulatory matters. He has advised on some of the most significant transactions and has handled several of the largest and most critical tax-related issues. +44 (0) 330 460 9930 hello@legendfinancial.co.uk
- [Beenish Mahmood](https://legendfinancial.co.uk/beenish-mahmood/): our team beenish mahmood accounts manager Beenish is a Chartered Certified Accountant (ACCA) as well as CPA (Chartered Public Accountant Canada) and CGA (Chartered General Accountant Canada) with distinguished skills in cloud-based accounting; She is XERO Advisor Certified as well as QuickBooks ProAdvisor Certified. Beenish manages and ensures the completion of the accounting tasks in Manchester. Her leveraging expertise in tax and business support coupled with her cultural understanding to deliver exceptional and tailored services in audit and accounting is a valuable asset for Legend Financial. She meets tight deadlines and can effectively perform even under workload because of her […]
- [What We Do](https://legendfinancial.co.uk/landing/): What We Do EFFICIENT ACCOUNTING We provide services to our clients based on the principles of honesty, sound knowledge, reliability and Integrity which assures the best quality and relevant advisory to their business needs. Our services include: ANNUAL ACCOUNTS & CORPORATION TAX A statutory obligation for all UK limited companies. MANAGEMENT ACCOUNTS The information you need to make smart moves. VAT ADVICE AND RETURNS We’ll make sure you don’t miss a trick.  OUTSOURCED PAYROLL SERVICE However big or small your team, we can help. PERSONAL TAX RETURNS Self-assessment doesn’t have to be a nightmare. OUTSOURCED BOOKKEEPING We’ll do your books […]
- [Thank You](https://legendfinancial.co.uk/thank-you-2/): THANK YOU! Thanks, you’re all set. One of our financial experts will be contacting you shortly.
- [Taxation Services in Bolton](https://legendfinancial.co.uk/contact/bolton/): tax services in bolton Personal Taxation Services In Bolton COMPREHENSIVE CONSULTANCY SERVICES Legend Financial’s journey began with a vision to empower individuals and businesses with the knowledge and support needed to thrive financially. For over a decade, Legend Financial has been providing exceptional tax, accountancy, and business development services throughout the UK.   Today, we stand as industry experts, committed to delivering proactive and unparalleled financial solutions. We believe that your financial well-being is our responsibility, and we take it seriously. When you work with us, your goals become our goals.  Take the next step towards achieving your financial goals—contact us […]
- [Taxation Services in Crawley](https://legendfinancial.co.uk/contact/west-sussex/): tax services in crawley accountancy, tax and business development services Prospect The tax structure characterized by the public authority of a nation is to meet its consumptions to offer types of assistance and shared facilities to individuals of the country which incorporate government current expenditure and development expenditure. At Legend Financial, we believe that contributing dependably empowers financial thriving and social advancement. We are driven by a craving to assist our customers, and the individuals who depend on them accomplish a superior future. We have a long history of creating innovative speculation techniques to furnish our customers with dependable and […]
- [Tim Johnson](https://legendfinancial.co.uk/tim-johnson/): our team tim johnson r&d consultant Tim is our R&D Tax Specialist. Tim is a Chartered Tax Adviser and works as part of our team, to guide business owners, to secure the maximum cash in their business from government research, development and innovation incentives, empowering them to survive and thrive. Tim is super passionate about tax; bet that’s not a phrase you’ve heard that often. Linkedin-in EXPERTISE R&D Tax, Business Development +44 (0) 330 460 9930 hello@legendfinancial.co.uk
- [Syed Furqan](https://legendfinancial.co.uk/syed-furqan/): our team syed furqan senior manager Furqan is a senior manager in the firm’s London office, with significant experience in advising his clients in all aspects of statutory reporting, financing, and personal tax compliance, and specific expertise in accessing the creative sector tax reliefs. Furqan assists with clients’ day-to-day accounting and tax needs as well as advising on more complex matters including company reorganizations, tax and VAT enquiries, business start-ups, sales and acquisitions. Furqan is the part of Legend Financial since 2016 He is a member of the Associate Certified Chartered Accountant. Key experience: Providing a wide range of audit […]
- [Junaid Usman](https://legendfinancial.co.uk/junaid-usman/): our team junaid usman senior business & tax consultant As a lead consultant of our growing company, Junaid has been instrumental in the achievement of our success across various regions covering the UK, Northern America, Europe, the Middle East, South Asia and Australia. He specialises in business management, accounting and tax advisory services. One of his beliefs & ideology says that any business success depends on the level of objectivity it maintains, and that is where he and his team helps with finding invigorating and impartial thinking for the achievement of prime goals and strive for success in these rapidly […]
- [Testimonials](https://legendfinancial.co.uk/who-we-are/testimonials/): Testimonials Legend Financial is always deemed to provide high-quality service and build a strong, long-lasting relationship with clients. Over the years, the team has strongly adapted continuous improvement to every aspect of work to provide more value to each of the clients. Don’t take our word for it, read reviews and testimonials direct from our clients: Sanmi Sobamiwa Great service as per usual from Nasir and Mubashra. They are always on time and respond to queries instantly. Nasir especially is very patient with me. I’ve been with Legend financial since 2019 and I will remain with them for the forseeable. […]
- [Thank You](https://legendfinancial.co.uk/thank-you/): [et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”3.29.3″ background_color=”#ffffff” background_enable_color=”off” use_background_color_gradient=”on” background_color_gradient_start=”rgba(34,43,75,0.8)” background_color_gradient_end=”rgba(34,43,75,0.8)” background_color_gradient_overlays_image=”on” background_image=”https:///legendfinancial.co.uk/wp-content/uploads/2018/11/modern-placeholder.jpg” saved_tabs=”all”][et_pb_fullwidth_header title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” disabled_on=”off|off|off” _builder_version=”4.4.7″ _dynamic_attributes=”title” title_text_align=”center” title_text_color=”#ffffff” subhead_font=”||||||||” subhead_text_align=”center” subhead_text_color=”#ffffff” subhead_font_size=”28px” subhead_line_height=”1.6em” background_enable_color=”off” use_background_color_gradient=”on” background_color_gradient_start=”rgba(34,43,75,0.8)” background_color_gradient_end=”rgba(34,43,75,0.8)” background_color_gradient_overlays_image=”on” background_image=”https:///legendfinancial.co.uk/wp-content/uploads/2019/12/inner-banner-header-2-web.jpg” background_layout=”light”][/et_pb_fullwidth_header][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.29.3″ custom_padding=”20px|0px|40px|0px|false|false” saved_tabs=”all”][et_pb_row _builder_version=”3.25″ custom_padding=”0|0px|0|0px|false|false”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_sift_breadcrumbs_module separator=”sep-raquo” _builder_version=”3.29.3″][/et_pb_sift_breadcrumbs_module][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22.7″ custom_padding=”0px|||||” saved_tabs=”all”][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.4.7″][et_pb_column type=”2_5″ _builder_version=”4.4.7″][et_pb_text _builder_version=”4.4.7″] Thank you for your email [/et_pb_text][/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.4.7″][et_pb_text _builder_version=”4.4.7″]   We will get back to you as soon as we can. [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.29.3″ background_color=”#535353″ background_enable_color=”off” use_background_color_gradient=”on” background_color_gradient_start=”rgba(247,127,0,0.84)” background_color_gradient_end=”rgba(251,100,36,0.84)” background_color_gradient_overlays_image=”on” background_image=”https:///legendfinancial.co.uk/wp-content/uploads/2019/12/services-cta-web.jpg” global_module=”14845″ saved_tabs=”all”][et_pb_row custom_padding_last_edited=”on|phone” _builder_version=”3.26.6″ custom_padding=”0|0px|0|0px|false|false” custom_padding_tablet=”0px||||false|false” custom_padding_phone=”0px||||false|false”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_cta title=”Our vision” button_url=”/who-we-are/our-vision/” button_text=”Read more” _builder_version=”4.4.3″ header_text_color=”#181818″ […]
- [Taxation Services in Hounslow, London](https://legendfinancial.co.uk/contact/london-west/): Tax Services In Hounslow Personal Taxation Services In Hounslow COMPREHENSIVE CONSULTANCY SERVICES Legend Financial’s journey began with a vision to empower individuals and businesses with the knowledge and support needed to thrive financially. For over a decade, Legend Financial has been providing exceptional tax, accountancy, and business development services throughout the UK.   Today, we stand as industry experts, committed to delivering proactive and unparalleled financial solutions. We believe that your financial well-being is our responsibility, and we take it seriously. When you work with us, your goals become our goals.  Take the next step towards achieving your financial goals—contact us […]
- [Taxation Services in Manchester](https://legendfinancial.co.uk/contact/manchester/): tax services in manchester Personal Taxation Services In Manchester COMPREHENSIVE CONSULTANCY SERVICES Legend Financial’s journey began with a vision to empower individuals and businesses with the knowledge and support needed to thrive financially. For over a decade, Legend Financial has been providing exceptional tax, accountancy, and business development services throughout the UK.   Today, we stand as industry experts, committed to delivering proactive and unparalleled financial solutions. We believe that your financial well-being is our responsibility, and we take it seriously. When you work with us, your goals become our goals.  Take the next step towards achieving your financial goals—contact us […]
- [Taxation Services in Milton Keynes](https://legendfinancial.co.uk/contact/milton-keynes/): Tax Services In milton keynes Personal Taxation Services In Milton Keynes COMPREHENSIVE CONSULTANCY SERVICES Legend Financial’s journey began with a vision to empower individuals and businesses with the knowledge and support needed to thrive financially. For over a decade, Legend Financial has been providing exceptional tax, accountancy, and business development services throughout the UK.   Today, we stand as industry experts, committed to delivering proactive and unparalleled financial solutions. We believe that your financial well-being is our responsibility, and we take it seriously. When you work with us, your goals become our goals.  Take the next step towards achieving your financial […]
- [eCommerce](https://legendfinancial.co.uk/who-we-help/ecommerce/): E-commerce The e-commerce industry is ever dynamic and competitive. There are already more than 26 million e-commerce websites worldwide, and the number continually increasing daily. Take Amazon, eBay, and Etsy, for instance, which became staple online stores not just in the UK but all throughout the world.   It’s tough to build your brand out there, more so when you’re a startup still attempting to convince customers how your business stands out from the rest—but it’s not impossible. Start from the ground up. Getting your financial department right, especially e-commerce accounting, is as important as growing your reach and revenue, […]
- [Business Development](https://legendfinancial.co.uk/what-we-do/business-services/): Business development Are you interested in focusing more on business development rather than worrying about tasks related to administration, regulation, and reporting? The answer would be a big YES! Because why not? BUSINESS VALUATION Know where your business stands in terms of economic value and access more investors in turn. MARKETING STRATEGIES Grow your business by using the best practices and strategies in marketing. EIS and SEIS Running a business requires capital to invest. From commencement to development, you need funds to guarantee growth. CASH FLOW IMPROVEMENTS Your business can improve its cash flow by paying heed to its current […]
- [Auto-Enrolment](https://legendfinancial.co.uk/what-we-do/accountancy/auto-enrolment/): Auto-enrolment Auto-enrolment process can help you accomplish simpler jobs more quickly and accurately. These jobs include setting up pension schemes, pensions, and provident fund deductions, creating template letters to employees, and generating financial reports. The pension system can really get complex to standardize, but auto-enrollment makes every process easier, be it determining who qualifies for a pension, knowing what pension schemes employers can offer, employees getting better control and transparent access over their pension, and more. how it works how it works Why Hire Us? We provide support to our clients in setting up their pension schemes and fund deductions, […]
- [Equity Research Report](https://legendfinancial.co.uk/equity-research-report/): Equity Research Report Is your research just echoing consensus, causing you to miss out on the genuine market anomalies that drive Alpha? Our independent UK equity research gives you actionable opportunities in UK small and mid-cap stocks, where the real growth is. Our financial analysts give you unbiased earnings forecasts, proprietary share valuation, and clear investment strategies on everything from financial outlooks to UK ESG compliance.  Get Our Research Services Today Expert UK Equity Research and Strategic Analysis Our specialised equity research analysts give your firm the definitive competitive edge by blending highly accurate predictive modeling with proper risk mitigation […]
- [Data Analyst](https://legendfinancial.co.uk/careers/data-analyst/): Data Analyst Legend Financial and Tax Adviser Limited Company overview Legend Financial is renowned for its taxation, accountancy, and business development services in the 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.  Job Description: We are seeking a detail-oriented and analytical Data Analyst to join our team at a growing financial services firm. In this role, you will be responsible for collecting, interpreting, and analysing financial and operational data to provide insights that support decision-making and […]
- [Referral Program](https://legendfinancial.co.uk/referral/): Because Great Partnerships Deserve Great Rewards Your network is powerful, let’s make it work for you.  Introduce a business to our expert tax, accountancy, and advisory team and create an opportunity to be rewarded yourself. For every deal that closes through your referral, you will get 10% commission as a thank you from us.  It’s simple: they grow with proven financial strategies. You earn real rewards. Everyone wins. call us Email Free Refering Quotation How It Works Three simple steps : 1 Refer a Business Do you know someone who could benefit from our services (tax planning, accountancy, business advisory, […]
- [Portman](https://legendfinancial.co.uk/partnerships/portman/): Spread Costs with Business Finance Reduce your initial outlay. Get what your business needs now!  For Commercial Finance, Legend Financial Partners with Portman Portman Finance provides fast and flexible finance solutions to both established and start-up businesses across multiple sectors. Since their establishment in 2007, they have helped grow more than 20,000 UK companies by arranging over £1.5 billion in funding. They help SMEs secure funding through their own lending arms or a trusted network of specialist lenders.  Portman provides lending and brokerage with 60+ partners, offering bespoke finance from asset loans to business growth packages.  Why Use Business Finance? […]
- [legend facilities ](https://legendfinancial.co.uk/legend-facilities/): legend facilities THE MOST VIABLE SECURITY SERVICE IN THE UK Since 2013, Legend Facilities has been providing top-tier security to events and corporations from small to large scales across the UK. Our employees are equipped with the most up-to-date technology to provide adequate services while avoiding potential weaknesses, facilitating a safe environment and client satisfaction at all costs.  Visit us at : Legend Facilities   reach us today! For your private occasions or high-profile events, CCTV monitoring, or corporate security needs and more, reach us at 0330 236 9333. contact us LET’S DO BUSINESS The quickest way from A to B […]
- [Legend Consults ](https://legendfinancial.co.uk/legend-consults/): Legend Consults Business Consulting and Services Established in 2013, Legend Consults is a young company aiming to provide comprehensive immigration assistance to clients moving overseas for studies or work purposes, dealing with the most hassling processes on their behalf, from visit visas, study visas, immigration permits, to work permits. The firm specially caters to clients in the UK, Pakistan, Schengen countries, and GCC countries, but overall, we provide assistance for investment-based citizenship and residency application for countries around the globe. Currently, we are situated in four offices—London, Malta, Islamabad, and Gujranwala.  Visit us at : Legend Consults    Take a look […]
- [Legend Connects](https://legendfinancial.co.uk/legend-connects/): LEGEND CONNECTS LEGEND CONNECTS Established in 2021, Legend Connects is a work placement platform where our students at Legends Academy or any skilled professionals are enrolled after completing skill-based courses. We deploy them in one of our companies or other firms across Ireland, the UK, USA, and Canada, considering where their skills are suitable. Our deep-seated goal is to provide employment opportunities for everyone and be renowned for honing the most reliable experts in their chosen fields. Visit us at : Legend Connects  Visit our socials too! Facebook Linkedin Instagram X-twitter reach us today! Visit our website here. or reach us at +44 330 236 […]
- [Legend Bargains](https://legendfinancial.co.uk/legend-bargains/): LEGEND BARGAINS LEGEND BARGAINS Legend Bargains is Legend Group’s eCommerce platform, striving to be one of the most prominent online retail shops in the UK and across the globe, selling various goods at the best prices. Conceived in 2021, the firm has yet a long way to go, but with a clear vision upward and adept knowledge of what keeps the business going, our aim to take over the marketplace is not far-fetched. reach us today! Reach us at 0330 236 9336 or browse through our site here. contact Us LET’S DO BUSINESS The quickest way from A to B is usually a […]
- [Legend Unite](https://legendfinancial.co.uk/legend-unite/): LEGEND UNITE CONNECTING THE DOTS Legend Unite is a humanitarian organisation established in 2021 with genuine compassion for the underprivileged people of the nation, tapping into the resources and expertise of people from all walks of life who have the heart to bring positive change into the world. Firmly believing that “sharing is caring,” each of our sister companies spends 1% of its total earnings every month and most of our employees donate through salary deductions all for this cause. Visit us at : Legend Unite  Visit our socials too! Facebook Linkedin Instagram X-twitter reach us today! If you want to […]
- [Legend Properties](https://legendfinancial.co.uk/legend-international-properties/): LEGEND PROPERTIES A PREMIER REAL ESTATE PROFESSIONAL Legend International Properties started in 2018, aiming to help both new-term and professional investors find the best investment opportunities with guaranteed returns and manage their portfolios. Our account managers are qualified as professional property investors, specialising in Pakistan, the UK, Turkey, and Dubai property construction projects. Visit  us at :Legend Properties Visit our socials too! Facebook Linkedin Instagram X-twitter reach us today! For professional property investment advice, reach us at PK: +92 330 433 3334 UK: +44 330 236 9334 contact us LET’S DO BUSINESS The quickest way from A to B is […]
- [Legend Digitech](https://legendfinancial.co.uk/legend-digitech/): LEGEND DIGITECH Lifting your business to new heights! Established in 2012, Legend DigiTech initially focused on digital marketing and SEO but has now delved into providing expert web and software development as well as Amazon complete account management. We are a team of persevering and results-oriented experts committed to helping businesses across the globe accomplish their goals through advanced advertising and programming, amongst other services. Visit us at Legend Digitech.  Come visit our social media profiles too: Facebook Linkedin Instagram reach us today! Let Legend DigiTech take care of your site from start to finish. Don’t hesitate to reach us […]
- [Our Partnerships](https://legendfinancial.co.uk/partnerships/): our partnerships A collaborative approach to your success. Our Network of Trusted Partners Your financial world is complex, and no single firm can be an expert in everything. We focus on what we do best: financial strategy. That’s why we coordinated relationships with a trusted network of top firms. You get the right expert for the job, every time. Portman Learn More
- [Legend Fusions](https://legendfinancial.co.uk/legend-fusions/): legend Fusions Tax and Financial Services Worldwide Originally from the UK, Legend Fusions is Legend Group’s global tax and financial firm servicing various territories, including the US, Canada, UAE, and soon Australia and the other parts of the Gulf Region. The firm aims to provide end-to-end tax assistance all year round, whether an individual or a business, from filing returns to ensuring clients’ tax efficiency. We make sure you feel confident about your tax obligations and finances, removing your uncertainties every time. Visit our socials too! Facebook Linkedin Instagram X-twitter reach us today! Connect with our UK team for personalised […]
- [Inheritance Tax Specialist Near me in London](https://legendfinancial.co.uk/inheritance-tax-specialist/): Inheritance Tax Specialist London Legendary Solutions Are Just One Call Away Estate planning is not only for older or wealthy people. Life is always unpredictable. If you want your loved ones to get as much wealth as possible when you are out of the picture, know that once your assets exceed the IHT nil rate band of £325,000, your beneficiaries will pay taxes on your legacy. The golden rule is to find an inheritance tax specialist near me and do the IHT planning earlier. Legend Financial advisors will walk you through all the estate tax-efficient means you can strategise your inheritance […]
- [Marketing Strategies For Financial Services London](https://legendfinancial.co.uk/business-development-services/marketing-strategies-for-financial-services/): Marketing Strategies For Financial Services There is no other great way to increase your brand awareness and ultimately expand your local business but effective marketing strategies. Every firm in the UK now exhausts marketing efforts, and it is for no small reason—the wider and more strategic your marketing mix, the quicker you can enlarge your customer base. All these are for the growth of your business. Legend Financial has the instrument you need. Legendary Solutions Are Just One Call Away Take the First Step Toward Growth Leading Financial Services Marketing in the UK When financial planning and digital marketing go […]
- [Business Plan Services London, UK - Market Research Agency](https://legendfinancial.co.uk/business-development-services/business-plan-services/): Market Research Services in London – Business Planning Agency Every firm needs a business plan to get from where it is now to where it wants to go. If you are just starting, trying to obtain capital funds, or establishing a plan for other purposes, search business plan writers near me, and you will find Legend Financial, the most trusted full service market research company in the UK. We have been serving various industries for more than ten years, so our competence in business plan writing services UK is unmatched. See for yourself! Legendary Solutions Are Just One Call Away […]
- [Cash Flow Management Services](https://legendfinancial.co.uk/business-development-services/cash-flow-management/): CASH FLOW MANAGEMENT SERVICES Every business’ goal is to increase its revenue. However, no matter how big their cash inflows are, they are bound to meet some bottlenecks at some point if they fail to secure a good cash management system. Legend Financial has been providing cash flow management services for more than a decade, so we know all the most effective methods to improve cash flow. Entrust this task to us and see how we can skyrocket your net profit! Legendary Solutions Are Just One Call Away Boost Your Bottom Line with Good Cash Management Top-Notch Cash Flow Management […]
- [Budgeting and Forecasting Services London, UK](https://legendfinancial.co.uk/business-development-services/budgeting-and-forecasting/): BUDGETING AND FORECASTING SERVICES Regular budgeting and forecasting are a few of the best practices successful businesses follow, both being crucial aspects of financial planning and analysis (FP&A) processes. It is not advisable for entrepreneurs to handle this task themselves—forecasting is a delicate process in itself, requiring deep accounting and company insights to arrive at major decisions. That is what Legend Financial is here for. Consult with us today! Legendary Solutions Are Just One Call Away Crafting Best Business Plans from Data-Driven Insights Premier Budgeting and Forecasting Services in the UK Budgeting may sound easy, but without the right tools […]
- [Business Development Services](https://legendfinancial.co.uk/business-development-services/): Business Development Services Legendary Solutions Are Just One Call Away If you fail to plan, you plan to fail. This rings true in all aspects but is more pronounced in businesses. Not having a clear goal and roadmap will get your business stuck in a rut. It is crucial you take a step back and consider what needs adjustments. No idea where to start? Google business advice near me, and you will find one of the business development agencies in the UK that stands out—Legend Financial. The price you pay for growth could never equal the heights your business could […]
- [Corporate Tax Accountant London, UK](https://legendfinancial.co.uk/accountancy-services/corporate-tax-accountant/): Corporate Tax Accountants London Do not wait until corporation tax filing deadlines arrive. Choose peace of mind and prepare your company tax returns earlier. The earlier you do corporation tax planning, the more appropriately you can allocate your budget throughout the accounting year. HMRC offers a credit interest of 0.5 per cent to business owners for early payments, too. That is something you can only take advantage of when you employ proactive tax planning. Experience our seamless, quick, and efficient corporation tax accounting services now! Legendary Solutions Are Just One Call Away Excellent Management of Your Annual Accounts Leading Corporation […]
- [Company Secretarial Services](https://legendfinancial.co.uk/accountancy-services/company-secretarial-services/): company secretarial services Every minute is precious when running a business. Legend Financial understands this the most. Our company secretarial services let you focus on what is most important, as our designated company secretary takes charge of all your governance duties. Leave the time-consuming administrative tasks to us! Legendary Solutions Are Just One Call Away Raising the Bar on Corporate Governance Premier Company Secretarial Work London Legend Financial has been providing secretarial support to various companies for twelve years, so we have all the equipment needed for corporate secretarial services. You need not install software or train anyone to do […]
- [Bookkeeping Services Near Me in UK](https://legendfinancial.co.uk/accountancy-services/bookkeeping-near-me/): Bookkeeping Near Me Legend Financial knows how hard it is for small businesses to find a firm offering bookkeepingand accounting services near London , that continues to serve them despite their size. Legendary Solutions Are Just One Call Away Sorting Out Your Finances for Twelve Years Small Business Bookkeeping Services Near London Search bookkeeping services near me, and you will find us as one of the leading online bookkeeping providers in the UK. We streamline your bookkeeping tasks, handling your business expenses, debits and credits, revenue, invoices, receipts, and other financial transactions. Leave the burdens of making financial statements and […]
- [CIS Return Services Stratford - Submitting CIS Returns](https://legendfinancial.co.uk/accountancy-services/cis-return/): CIS Return Services When it comes to handling construction payroll and tax affairs, search for CIS accountants near me, and one CIS accounting firm stands out—Legend Financial. We have been dealing with CIS monthly returns on a daily basis, so we know everything the construction work encompasses. From making a payslip to claiming refunds, our CIS service handles them all. Legendary Solutions Are Just One Call Away Submitting CIS Returns Made Easier Premier UK CIS Accountants in the Industry Established for over a decade, Legend Financial has been providing tax and accounting solutions to a lot of businesses and self […]
- [Self Assessment Tax Return Services](https://legendfinancial.co.uk/accountancy-services/self-assessment-tax-return/): Self Assessment Tax Return Services Avoid last-minute panic by preparing your self assessment tax return earlier. Many self-employed individuals in the UK have been doing so, and it is not for nought! The earlier you complete your HMRC self assessment tax return, the more you can take advantage of income and capital gains tax allowances and reliefs. Knowing how much tax you owe will surely give you peace of mind, as you can allocate your expenses better throughout the year. Legendary Solutions Are Just One Call Away LEAVE YOUR TAX RETURN AFFAIRS TO THE EXPERTS! Leading Self Assessment Tax Return […]
- [Auto Enrolment Services](https://legendfinancial.co.uk/accountancy-services/auto-enrolment/): Auto Enrolment Services Under the Pensions Act 2008, employers are obliged to provide all their employees with a reliable pension scheme at all costs. Postponement may be allowed, but you will still have to get back to when an employee started. With all the other crucial matters in your business, leave this task to Legend Financial. Our auto enrolment accountants have been doing the work on behalf of many companies from various industries for more than a decade. Legendary Solutions Are Just One Call Away Enforcing Tax Compliance in Your Business Streamlined Auto Enrolment Service in the UK Pension auto-enrolment […]
- [Payroll Management Services](https://legendfinancial.co.uk/accountancy-services/payroll-management/): Payroll Management Services When you singlehandedly run a business, you may be unable to allocate time for other crucial aspects, especially your employees’ payroll, which involves not only wages but also accurate employment tax, payroll deductions, work hours or overtime tracking, and more. Having fewer employees does not mean easier payroll either, which is why payroll outsourcing comes in very handy. A payroll outsourcing company will let you spend more time on what matters most. Legend Financial, a leading payroll services company in the UK, has your back! Legendary Solutions Are Just One Call Away WE GET RID OF YOUR […]
- [Value Added Tax (VAT) Specialist- The VAT Consultancy](https://legendfinancial.co.uk/accountancy-services/vat-specialist/): VALUE ADDED TAX (VAT) SPECIALIST LONDON VAT is no doubt one of the most confusing tax schemes in the UK, as it deals not only with domestic taxes but also EU post-Brexit, international supply chain, multiple countries, and even exhaustive VAT inspections. It gets even more complex when it involves products, consumers, or sales outside the UK. Every country abroad has their own VAT rate and regulations. You need a VAT specialist with intensive accounting and tax customs experience. We are one of the most experienced specialist firms that comes up when you search for VAT specialist near me! Legendary […]
- [Accountancy Services Near Me](https://legendfinancial.co.uk/accountancy-services/): Accountancy Services, London Legendary Solutions Are Just One Call Away It is a well-known fact that startups usually fail in their first year, unless they make their business’ backbone a priority—accounting. Do not fall into the trap of skimping on accountancy services London only to find yourself facing the most dreaded bottlenecks in the end. Search accounting services near me and you will find Legend Financial, a reputable accounting firm in the UK that offers a very market-competitive fee! Complicated Accounts? We Make Them Look Easy! Introducing the Most Trusted Accountancy Firm in the UK When you google accounting company […]
- [R&D Tax Services](https://legendfinancial.co.uk/taxation-services/rd-tax/): R&D Tax Services R&D can be the most expensive project your business may ever initiate, as coming up with new or improved products, services, or processes necessitates advanced software, technology, and staff. Expenses are upfront, and ROI may not be sure. An R&D tax credit exists for this purpose. It is our goal to propel you to greater heights, and acting as your R and D tax intermediary allows us to do so. Whether you are an SME or a large business about to make an investment for research and development, Legend Financial’s R&D tax services have got you covered! […]
- [SEIS & EIS Services](https://legendfinancial.co.uk/seis-and-eis/): SEIS and EIS Services Looking to raise capital for your business? See if the government’s equity finance schemes are suitable for your company. The seed enterprise investment scheme (SEIS) caters to eligible startups, whilst the enterprise investment scheme (EIS) helps qualifying SMEs. Obtaining venture capital is not always easy, as investors look for anything but high-risk investment. Once HMRC grants approval, early-stage companies can attract investors, the latter enjoying tax breaks at a certain level, even up to exemption! Legend Financial is here to liaise for both businesses and investors in reaching their goals. Talk to us today to see […]
- [Tax Investigation Accountants](https://legendfinancial.co.uk/taxation-services/tax-investigation-accountant/): Tax Investigation Accountant in UK Legendary Solutions Are Just One Call Away If you have received an HMRC tax investigation letter or phone call, no need to panic. You have the best tax investigations specialists from Legend Financial. For everyone who has been through it, no doubt, the process can be very time-consuming and stressful. But that does not automatically mean you have committed a serious crime. Any sudden changes in your tax return or payroll or operating in a sector HMRC targets for that tax year may have triggered the audit. We are here for any type of tax […]
- [Capital Gains Tax Accountant Near Me](https://legendfinancial.co.uk/capital-gains-tax-accountant-near-me/): Capital Gains Tax Accountant Near Me Any profit you make from disposing of investments or assets will be subject to capital gains tax. Whilst its rates are lower than ordinary income, the capital gains are added to your taxable income within that tax year, so the amount can still add up, nonetheless. If you plan to sell your collectibles, discuss it beforehand with a capital gains tax accountant so you can curb your tax rates through every legal means possible. Legendary Solutions Are Just One Call Away LOWER YOUR CAPITAL GAINS TAXES, BOOST YOUR INCOME Top-Notch Capital Gains Tax Accountants […]
- [Tax Planning Services](https://legendfinancial.co.uk/taxation-services/tax-planning-services/): Tax Planning Services Near Me Legendary Solutions Are Just One Call Away Leading Tax Advising Services Provider in the UK Save Your Efforts, We Do the Complex Job Complying with UK tax regulations can be very complex and time-consuming, especially if you do not have a proper personal tax planning system in place. Hiring tax planning consultants should be your priority if you want to have the upper hand over your tax liability. Google tax advisor near me, and you will find Legend Financial. Why our tax planning services? Do not wait until tax filing deadlines arrive. The earlier you […]
- [Taxation Services in UK](https://legendfinancial.co.uk/taxation-services/): Taxation Services in UK Legendary Solutions Are Just One Call Away Serving in the industry for more than a decade, Legend Financial knows exactly how frustrating taxes can be. That is why we are here—to give you expert business and personal taxation services in Stratford and guarantee your peace of mind that competent professionals are handling your taxes. Say Goodbye to Tax Headaches Welcome to Premier Tax Solutions at Legend Financial Tax season, the time of filing returns and making payment, is just always around the corner, and unfortunately, it is every accounting year! Legend Financial and Tax Advisers is […]
- [Business Valuation Services Near Me London, UK](https://legendfinancial.co.uk/business-development-services/business-valuation-services/): BUSINESS VALUATION SERVICES There are many reasons businesses go through company valuation, and in our experience, it is usually during difficult times—entering a buy-sell agreement, restructuring tax and accounting system, or having shareholder disputes. For this matter, search for business valuation services near me, and you will find Legend Financial. We have been providing small business valuation services for over a decade. Whether you want to clear up disputes or are trying to increase your business’s value for future sales, you can trust our experienced valuers. Talk to us today! Legendary Solutions Are Just One Call Away Proven and Tested […]
- [Investment Adviser Representative in UK](https://legendfinancial.co.uk/business-development-services/investment-adviser-representative/): Investment Advisor Representative in London When it is your hard-earned money at stake, investing should be wisely executed. Everyone wants high yield investments, but not all recognises how crucial investment advisory is toward achieving that goal. A registered investment advisor will lead you to massive options you might not be able to access on your own and make sure you achieve whatever your investment objectives. Legend Financial’s private wealth advisors are one of the most trusted in the UK. We ensure each of our clients gets only those with guaranteed investment returns. Talk to our financial advisor today! Legendary Solutions […]
- [Marketing Associate](https://legendfinancial.co.uk/careers/marketing-associate/): Marketing Associate Position Overview We are seeking a dynamic and proactive Marketing Associate Professional to join our tax firm. In this role, you will serve as a crucial liaison between the digital marketing team and the clients, playing a pivotal role in understanding consumer behaviour and effectively communicating with marketing team. Legend Financial and Tax Advisers is a dynamic company committed to providing exceptional financial and tax advisory services. Key Responsibilities Consumer Behaviour Analysis: Collaborate with the digital team to analyse and interpret consumer behaviour data.  Conduct field research to gain firsthand insights into consumer preferences and behaviours. Client Communication: […]
- [Financial Modelling Services Specialist UK](https://legendfinancial.co.uk/accountancy-services/financial-modelling-services/): Financial Modelling Services in UK Financial modeling may be done without expertise in finance, but if your business is about to make major steps or decisions, you need an experienced consultant to analyze data and identify the smartest option. Financial modelling services are crucial for several matters, such as when you need to raise capital, invest, make management buyouts, and more. Legend Financial’s expert analysts will investigate all your financial statements to represent your past, present, and future figures, both in revenue and expenditure, and formulate the best decisions. Consult with one of our financial analysts today! Legendary Solutions Are […]
- [High-End Pricing Consulting Services in Stratford](https://legendfinancial.co.uk/business-development-services/pricing-consulting-services/): High-End Pricing Consulting Services in UK Setting a smart price for your products or services is a crucial element in increasing revenue and affects the type of customers you will attract, how your brand will be perceived, and more. However, many companies assume it is as simple as aligning with competitor prices or considering the margins, ultimately overlooking the process. The role of pricing strategy consulting may be subtle, but when the price is effectively arrived at, it will give you an edge over your rivals. Turn the tight market competition in your favour. Reach out to us at Legend […]
- [Feasibility Study Service for Business in UK](https://legendfinancial.co.uk/business-development-services/feasibility-study-service/): Feasibility Study Service for Business in UK When it comes to business, there is no space for guesswork. No matter how brilliant your new idea is, you need to make sure you do not waste your resources in the process. This is why feasibility study is most crucial before crafting a business plan. You need to ensure a project is viable beforehand if you want guaranteed return on investment than loss! Investing due diligence first will pay out in the long-term. Legend Financial offers holistic feasibility study services to all business sizes and niches. Once feasible, let that groundbreaking idea […]
- [Business Continuity Planning Specialist in UK](https://legendfinancial.co.uk/business-development-services/business-continuity-planning/): Business Continuity Planning Specialist in UK Ensuring business continuity in case of calamity is crucial, no matter your business’ niche and size. Anything can happen within your company’s lifetime. If any natural, technological, or man-made disasters occur, the one with the most effective risk management and disaster recovery plans apparently gains the advantage. If you are not confident enough with your emergency management, reach our business continuity consultancy specialists at Legend Financial. We work closely with your key people and a wide network to formulate optimum plans suited to your business’ unique circumstances. Reach us today! Legendary Solutions Are Just […]
- [Investment Advisory](https://legendfinancial.co.uk/investment-advisory/): Investment Advisory First-Class Investment Adviser Representative in Stratford When it is your hard-earned money at stake, investing should be thoroughly planned. Everyone wants high yield investments, but not all recognises how crucial investment advisory is toward achieving that goal. A registered investment advisor will lead you to massive options you might not be able to access on your own and make sure you achieve whatever your investment objectives. Legend Financial’s private wealth advisors are one of the most trusted in the UK. We ensure each of our clients gets only those with guaranteed investment returns. Talk to our financial advisor […]
- [usa-services](https://legendfinancial.co.uk/usa-services/): Form your LLC in the USA with our help and save up to $100 Befiler offers a complete package that includes company formations, EIN, and US Bank Account, saving you hours of work. Schedule a call with our expert now. Arrange A Call Chat on Whatsapp Our Comprehensive Plans US Company Registration In only few minutes, you may form an LLC or a Corp in State of the USA. $120 +State Fee Start Here Complete Package Save up to $100 by getting a complete package including Company formations, EIN, and US Bank Account. $120 +State Fee start here US Company Registration […]
- [EIS and SEIS Services Bolton, London UK](https://legendfinancial.co.uk/business-development-services-bolton/eis-and-seis-services-bolton-london-uk/): EIS AND SEIS SERVICES Bolton, London Looking to raise capital for your business? See if the government’s equity finance schemes are suitable for your company. The seed enterprise investment scheme (SEIS) caters to eligible startups, whilst the enterprise investment scheme (EIS) helps qualifying SMEs. Obtaining venture capital is not always easy—investors look for anything but high-risk investment. Once HMRC grants approval, early-stage companies can attract investors, the latter enjoying tax breaks at a certain level, even up to exemption! Legend Financial is here to liaise for both businesses and investors in reaching their goals. Talk to us today to see […]
- [Business Plan Services Bolton - Market Research Agency](https://legendfinancial.co.uk/business-development-services-bolton/business-plan-services-bolton-market-research-agency/): Business Plan Services Bolton – Market Research Agency Every firm needs a business plan to get from where it is now to where it wants to go. If you are just starting, trying to obtain capital funds, or establishing a plan for other purposes, search business plan writers near me, and you will find Legend Financial, the most trusted full service market research company in the UK. We have been serving various industries for more than ten years, so our competence in business plan writing services UK is unmatched. See for yourself! Legendary Solutions Are Just One Call Away You […]
- [Business Valuation Services Bolton - Company Valuation Service](https://legendfinancial.co.uk/business-development-services-bolton/business-valuation-services-bolton-company-valuation-service/): BUSINESS VALUATION SERVICES Bolton There are many reasons businesses go through company valuation, and in our experience, it is usually during difficult times—entering a buy-sell agreement, restructuring tax and accounting system, or having shareholder disputes. For this matter, search for business valuation services near me, and you will find Legend Financial. We have been providing small business valuation services for over a decade. Whether you want to clear up disputes or are trying to increase your business’s value for future sales, you can trust our experienced valuers. Talk to us today! Legendary Solutions Are Just One Call Away Proven and […]
- [Budgeting and Forecasting Services Bolton, London](https://legendfinancial.co.uk/business-development-services-bolton/budgeting-and-forecasting-services-bolton-london/): BUDGETING AND FORECASTING SERVICES Bolton, London Regular budgeting and forecasting are a few of the best practices successful businesses follow, both being crucial aspects of financial planning and analysis (FP&A) processes. It is not advisable for entrepreneurs to handle this task themselves—forecasting is a delicate process in itself, requiring deep accounting and company insights to arrive at major decisions. That is what Legend Financial is here for—consult with us today! Legendary Solutions Are Just One Call Away Crafting Best Business Plans from Data-Driven Insights Premier Budgeting and Forecasting Services in the UK Budgeting may sound easy, but without the right […]
- [Cash Flow Management Services Bolton, London UK](https://legendfinancial.co.uk/business-development-services-bolton/cash-flow-management-services-bolton-london-uk/): CASH FLOW MANAGEMENT SERVICES Bolton Every business’ goal is to increase its revenue. However, no matter how big their cash inflows are, they are bound to meet some bottlenecks at some point if they fail to secure a good cash management system. Legend Financial has been providing cash flow management services for more than a decade, so we know all the most effective methods to improve cash flow. Entrust this task to us and see how we can skyrocket your net profit! Legendary Solutions Are Just One Call Away Boost Your Bottom Line with Good Cash Management Top-Notch Cash Flow […]
- [Marketing Strategies For Financial Services Bolton](https://legendfinancial.co.uk/business-development-services-bolton/marketing-strategies-for-financial-services-bolton/): MARKETING STRATEGIES FOR FINANCIAL SERVICES Bolton There is no other great way to increase your brand awareness and ultimately expand your local business but effective marketing strategies. Every firm in the UK now exhausts marketing efforts, and it is for no small reason—the wider and more strategic your marketing mix, the quicker you can enlarge your customer base. All these are for the growth of your business. Legend Financial has the instrument you need. Legendary Solutions Are Just One Call Away Take the First Step Toward Growth Leading Financial Services Marketing in the UK When financial planning and digital marketing […]
- [Company Secretarial Services Bolton - Corporate Services](https://legendfinancial.co.uk/accountancy-services-bolton-london/company-secretarial-services-bolton-corporate-services/): COMPANY SECRETARIAL SERVICES Bolton Every minute is precious when running a business—Legend Financial understands this the most. Our company secretarial services let you focus on what is most important, as our designated company secretary takes charge of all your governance duties. Leave the time-consuming administrative tasks to us!   Legendary Solutions Are Just One Call Away Raising the Bar on Corporate Governance Premier Company Secretarial Work Bolton, London Legend Financial has been providing secretarial support to various companies for twelve years, so we have all the equipment needed for corporate secretarial services. You need not install software or train anyone to […]
- [Bookkeeping Services Bolton, London UK](https://legendfinancial.co.uk/accountancy-services-bolton-london/bookkeeping-services-bolton-london-uk/): BOOKKEEPING SERVICES Bolton, London Legend Financial knows how hard it is for small businesses to find a firm offering bookkeeping and accounting services near Bolton, London, that continues to serve them despite their size. Not for us—our accounting and bookkeeping service caters to businesses of all sizes, but we set our focus on small businesses. Legend Financial has been providing accounting and bookkeeping services for more than a decade. We take pride in witnessing and partaking in your business’ growth! Legendary Solutions Are Just One Call Away Sorting Out Your Finances for Twelve Years Small Business Bookkeeping Services Near Bolton, […]
- [CIS Return Services Bolton - Submitting CIS Return](https://legendfinancial.co.uk/accountancy-services-bolton-london/cis-return-services-bolton-submitting-cis-returns/): CIS RETURN SERVICES Bolton, London When it comes to handling construction payroll and tax affairs, search for CIS accountants near me, and one CIS accounting firm stands out—Legend Financial. We have been dealing with CIS monthly returns on a daily basis, so we know everything the construction work encompasses. From making a payslip to claiming refunds, our CIS service handles them all. Legendary Solutions Are Just One Call Away Submitting CIS Returns Made Easier Premier CIS Accountants in the Industry Established for over a decade, Legend Financial has been providing tax and accounting solutions to a lot of businesses and […]
- [Self Assessment Tax Return Services Bolton](https://legendfinancial.co.uk/accountancy-services-bolton-london/self-assessment-tax-return-services-bolton/): SELF ASSESSMENT TAX RETURN SERVICES Bolton Avoid last-minute panic by preparing your self assessment tax return earlier. Many self-employed individuals in the UK have been doing so, and it is not for nought! The earlier you complete your HMRC self assessment tax return, the more you can take advantage of income and capital gains tax allowances and reliefs. Knowing how much tax you owe will surely give you peace of mind, as you can allocate your expenses better throughout the year. Legendary Solutions Are Just One Call Away Leave Your Tax Return Affairs to Us! Leading Self Assessment Tax Return […]
- [Auto Enrolment Services Bolton, London UK](https://legendfinancial.co.uk/accountancy-services-bolton-london/auto-enrolment-services-bolton-london-uk/): AUTO ENROLMENT SERVICES Bolton, London Under the Pensions Act 2008, employers are obliged to provide all their employees with a reliable pension scheme at all costs. Postponement may be allowed, but you will still have to get back to when an employee started. With all the other crucial matters in your business, leave this task to Legend Financial. Our auto enrolment accountants have been doing the work on behalf of many companies from various industries for more than a decade. Legendary Solutions Are Just One Call Away Enforcing Tax Compliance in Your Business Streamlined Auto Enrolment Service in the UK […]
- [Payroll Management Services Bolton, London UK](https://legendfinancial.co.uk/accountancy-services-bolton-london/payroll-management-services-bolton-london-uk/): PAYROLL MANAGEMENT SERVICES Bolton When you singlehandedly run a business, you may be unable to allocate time for other crucial aspects, especially your employees’ payroll, which involves not only wages but also accurate employment tax, payroll deductions, work hours or overtime tracking, and more. Having fewer employees does not mean easier payroll either, which is why payroll outsourcing comes in very handy. A payroll outsourcing company will let you spend more time on what matters most. Legend Financial, a leading payroll services company in the UK, has your back! Legendary Solutions Are Just One Call Away Exceptional Riddance of Workforce […]
- [Value Added Tax (VAT) Specialist Bolton - The VAT Consultancy](https://legendfinancial.co.uk/accountancy-services-bolton-london/value-added-tax-vat-specialist-bolton-the-vat-consultancy/): VALUE ADDED TAX (VAT) SPECIALIST Bolton VAT is no doubt one of the most confusing tax schemes in the UK, as it deals not only with domestic taxes but also EU post-Brexit, international supply chain, multiple countries, and even exhaustive VAT inspections. It gets even more complex when it involves products, consumers, or sales outside the UK. Every country abroad has their own VAT rate and regulations. You need a VAT specialist with intensive accounting and tax customs experience. We are one of the most experienced specialist firms that comes up when you search for VAT specialist near me! Legendary […]
- [Corporate Tax Accountant Bolton - Corporation Tax Advisor](https://legendfinancial.co.uk/accountancy-services-bolton-london/corporate-tax-accountant-bolton-corporation-tax-advisor/): CORPORATE TAX ACCOUNTANT Bolton – CORPORATION TAX ADVISOR Do not wait until corporation tax filing deadlines arrive. Choose peace of mind and prepare your company tax returns earlier. The earlier you do corporation tax planning, the more appropriately you can allocate your budget throughout the accounting year. HMRC offers a credit interest of 0.5 per cent to business owners for early payments, too. That is something you can only take advantage of when you employ proactive tax planning. Experience our seamless, quick, and efficient corporation tax accounting services now! Legendary Solutions Are Just One Call Away Excellent Management of Your […]
- [Management Reporting Services Bolton](https://legendfinancial.co.uk/accountancy-services-bolton-london/management-reporting-services-bolton/): MANAGEMENT REPORTING SERVICES Bolton, London Keep in touch with your business’ financial health with Legend Financial’s real-time management reporting services. From measuring and monitoring KPIs and metrics, providing data-driven visualizations, graphs, and overall insights, to guiding your business’ decision-making, we have got your back for all that and more. With twelve years of experience in the field, and counting, you cannot go wrong partnering with us! Legendary Solutions Are Just One Call Away Establishing the Benchmarks in Financial Management Premier Management Accounts and Reporting Services Whilst your business maintains annual accounts, they do not highlight trends and insights to drive […]
- [IR35 Assessment Services Bolton, London, UK](https://legendfinancial.co.uk/taxation-services-in-bolton-uk/ir35-assessment-services-bolton-london-uk/): IR35 ASSESSMENT SERVICES Bolton Depending on the size of your business, it may be the employee or contractors to initiate an HMRC IR35 assessment. But to avoid inaccurate status determinations and potential penalties from HMRC, employ taxation experts for the job. Whilst HMRC has a CEST tool, it just serves as an indicator, not a handy help during tax investigations. To get the most reliable results, consult Legend Financial. It is our goal to help every one of our self-employed clients achieve tax compliance all the way! Legendary Solutions Are Just One Call Away Accuracy in IR35 Results at Its […]
- [R&D Tax Services Bolton, London UK](https://legendfinancial.co.uk/taxation-services-in-bolton-uk/rd-tax-services-bolton-london-uk/): R&D TAX SERVICES Bolton, London R&D can be the most expensive project your business may ever initiate, as coming up with new or improved products, services, or processes necessitates advanced software, technology, and staff. Expenses are upfront, and ROI may not be sure. An R&D tax credit exists for this purpose. It is our goal to propel you to greater heights, and acting as your R and D tax intermediary allows us to do so. Whether you are an SME or a large business about to make an investment for research and development, Legend Financial’s R&D tax services have got […]
- [Tax Investigation Services Bolton, London UK](https://legendfinancial.co.uk/taxation-services-in-bolton-uk/tax-investigation-services-bolton-london-uk/): TAX INVESTIGATION SERVICES Bolton If you have received an HMRC tax investigation letter or phone call, no need to panic. You have the best tax investigations specialists from Legend Financial. For everyone who has been through it, no doubt, the process can be very time-consuming and stressful. But that does not automatically mean you have committed a serious crime. Any sudden changes in your tax return or payroll or operating in a sector HMRC targets for that tax year may have triggered the audit. We are here for any type of tax investigation you may have to face! Legendary Solutions […]
- [Capital Gains Tax Adviser Bolton, London - Legend Financial](https://legendfinancial.co.uk/taxation-services-in-bolton-uk/capital-gains-tax-adviser-bolton-london-legend-financial/): CAPITAL GAINS TAX ADVISER Bolton London Any profit you make from disposing of investments or assets will be subject to capital gains tax. Whilst its rates are lower than ordinary income, the capital gains are added to your taxable income within that tax year, so the amount can still add up, nonetheless. If you plan to sell your collectibles, discuss it beforehand with a capital gains tax accountant so you can curb your tax rates through every legal means possible. Legendary Solutions Are Just One Call Away Curb Your Capital Gains Taxes, Boost Your Income Top-Notch Capital Gains Tax Services […]
- [Tax Planning Services Bolton](https://legendfinancial.co.uk/taxation-services-in-bolton-uk/tax-planning-services-bolton/): TAX PLANNING SERVICES Bolton, UK Do not wait until tax filing deadlines arrive. The earlier you do tax planning, the more you can curb your tax liability and take advantage of the benefits that are rightfully yours. Moreover, once you receive penalties for late filing or submitting inaccurate tax returns, the amount can get hefty overtime. Tax preparation not only helps you avoid these troubles but also makes sure you get any applicable refunds sooner. Legendary Solutions Are Just One Call Away Leading Tax Advising Services Provider in the UK Save Your Efforts, We Do the Complex Job Complying with […]
- [EIS and SEIS Services Glasgow, London UK](https://legendfinancial.co.uk/business-development-services-glasgow/eis-and-seis-services-glasgow-london-uk/): EIS AND SEIS SERVICES Glasgow, London Looking to raise capital for your business? See if the government’s equity finance schemes are suitable for your company. The seed enterprise investment scheme (SEIS) caters to eligible startups, whilst the enterprise investment scheme (EIS) helps qualifying SMEs. Obtaining venture capital is not always easy—investors look for anything but high-risk investment. Once HMRC grants approval, early-stage companies can attract investors, the latter enjoying tax breaks at a certain level, even up to exemption! Legend Financial is here to liaise for both businesses and investors in reaching their goals. Talk to us today to see […]
- [Business Plan Services Glasgow - Market Research Agency](https://legendfinancial.co.uk/business-development-services-glasgow/business-plan-services-glasgow-market-research-agency/): Business Plan Services Glasgow – Market Research Agency Every firm needs a business plan to get from where it is now to where it wants to go. If you are just starting, trying to obtain capital funds, or establishing a plan for other purposes, search business plan writers near me, and you will find Legend Financial, the most trusted full service market research company in the UK. We have been serving various industries for more than ten years, so our competence in business plan writing services UK is unmatched. See for yourself! Legendary Solutions Are Just One Call Away You […]
- [Business Valuation Services Glasgow - Company Valuation Service](https://legendfinancial.co.uk/business-development-services-glasgow/business-valuation-services-glasgow-company-valuation-service/): BUSINESS VALUATION SERVICES Glasgow There are many reasons businesses go through company valuation, and in our experience, it is usually during difficult times—entering a buy-sell agreement, restructuring tax and accounting system, or having shareholder disputes. For this matter, search for business valuation services near me, and you will find Legend Financial. We have been providing small business valuation services for over a decade. Whether you want to clear up disputes or are trying to increase your business’s value for future sales, you can trust our experienced valuers. Talk to us today! Legendary Solutions Are Just One Call Away Proven and […]
- [Budgeting and Forecasting Services Glasgow, London](https://legendfinancial.co.uk/business-development-services-glasgow/budgeting-and-forecasting-services-glasgow-london/): BUDGETING AND FORECASTING SERVICES Glasgow, London Regular budgeting and forecasting are a few of the best practices successful businesses follow, both being crucial aspects of financial planning and analysis (FP&A) processes. It is not advisable for entrepreneurs to handle this task themselves—forecasting is a delicate process in itself, requiring deep accounting and company insights to arrive at major decisions. That is what Legend Financial is here for—consult with us today! Legendary Solutions Are Just One Call Away Crafting Best Business Plans from Data-Driven Insights Premier Budgeting and Forecasting Services in the UK Budgeting may sound easy, but without the right […]
- [Cash Flow Management Services Glasgow, London UK](https://legendfinancial.co.uk/business-development-services-glasgow/cash-flow-management-services-glasgow-london-uk/): CASH FLOW MANAGEMENT SERVICES Glasgow Every business’ goal is to increase its revenue. However, no matter how big their cash inflows are, they are bound to meet some bottlenecks at some point if they fail to secure a good cash management system. Legend Financial has been providing cash flow management services for more than a decade, so we know all the most effective methods to improve cash flow. Entrust this task to us and see how we can skyrocket your net profit! Legendary Solutions Are Just One Call Away Boost Your Bottom Line with Good Cash Management Top-Notch Cash Flow […]
- [Marketing Strategies For Financial Services Glasgow](https://legendfinancial.co.uk/business-development-services-glasgow/marketing-strategies-for-financial-services-glasgow/): MARKETING STRATEGIES FOR FINANCIAL SERVICES Glasgow There is no other great way to increase your brand awareness and ultimately expand your local business but effective marketing strategies. Every firm in the UK now exhausts marketing efforts, and it is for no small reason—the wider and more strategic your marketing mix, the quicker you can enlarge your customer base. All these are for the growth of your business. Legend Financial has the instrument you need. Legendary Solutions Are Just One Call Away Take the First Step Toward Growth Leading Financial Services Marketing in the UK When financial planning and digital marketing […]
- [Company Secretarial Services Glasgow - Corporate Services](https://legendfinancial.co.uk/accountancy-services-glasgow-london/company-secretarial-services-glasgow-corporate-services/): COMPANY SECRETARIAL SERVICES Glasgow Every minute is precious when running a business—Legend Financial understands this the most. Our company secretarial services let you focus on what is most important, as our designated company secretary takes charge of all your governance duties. Leave the time-consuming administrative tasks to us!   Legendary Solutions Are Just One Call Away Raising the Bar on Corporate Governance Premier Company Secretarial Work Glasgow, London Legend Financial has been providing secretarial support to various companies for twelve years, so we have all the equipment needed for corporate secretarial services. You need not install software or train anyone to […]
- [Bookkeeping Services Glasgow, London UK](https://legendfinancial.co.uk/accountancy-services-glasgow-london/bookkeeping-services-glasgow-london-uk/): BOOKKEEPING SERVICES Glasgow, London Legend Financial knows how hard it is for small businesses to find a firm offering bookkeeping and accounting services near Glasgow, London, that continues to serve them despite their size. Not for us—our accounting and bookkeeping service caters to businesses of all sizes, but we set our focus on small businesses. Legend Financial has been providing accounting and bookkeeping services for more than a decade. We take pride in witnessing and partaking in your business’ growth! Legendary Solutions Are Just One Call Away Sorting Out Your Finances for Twelve Years Small Business Bookkeeping Services Near Glasgow, […]
- [CIS Return Services Glasgow - Submitting CIS Returns](https://legendfinancial.co.uk/accountancy-services-glasgow-london/cis-return-services-glasgow-submitting-cis-returns/): CIS RETURN SERVICES Glasgow, London When it comes to handling construction payroll and tax affairs, search for CIS accountants near me, and one CIS accounting firm stands out—Legend Financial. We have been dealing with CIS monthly returns on a daily basis, so we know everything the construction work encompasses. From making a payslip to claiming refunds, our CIS service handles them all. Legendary Solutions Are Just One Call Away Submitting CIS Returns Made Easier Premier CIS Accountants in the Industry Established for over a decade, Legend Financial has been providing tax and accounting solutions to a lot of businesses and […]
- [Self Assessment Tax Return Services Glasgow](https://legendfinancial.co.uk/accountancy-services-glasgow-london/self-assessment-tax-return-services-glasgow/): SELF ASSESSMENT TAX RETURN SERVICES Glasgow Avoid last-minute panic by preparing your self assessment tax return earlier. Many self-employed individuals in the UK have been doing so, and it is not for nought! The earlier you complete your HMRC self assessment tax return, the more you can take advantage of income and capital gains tax allowances and reliefs. Knowing how much tax you owe will surely give you peace of mind, as you can allocate your expenses better throughout the year. Legendary Solutions Are Just One Call Away Leave Your Tax Return Affairs to Us! Leading Self Assessment Tax Return […]
- [Auto Enrolment Services Glasgow, London UK](https://legendfinancial.co.uk/accountancy-services-glasgow-london/auto-enrolment-services-glasgow-london-uk/): AUTO ENROLMENT SERVICES Glasgow, London Under the Pensions Act 2008, employers are obliged to provide all their employees with a reliable pension scheme at all costs. Postponement may be allowed, but you will still have to get back to when an employee started. With all the other crucial matters in your business, leave this task to Legend Financial. Our auto enrolment accountants have been doing the work on behalf of many companies from various industries for more than a decade. Legendary Solutions Are Just One Call Away Enforcing Tax Compliance in Your Business Streamlined Auto Enrolment Service in the UK […]
- [Payroll Management Services Glasgow, London UK](https://legendfinancial.co.uk/accountancy-services-glasgow-london/payroll-management-services-glasgow-london-uk/): PAYROLL MANAGEMENT SERVICES Glasgow When you singlehandedly run a business, you may be unable to allocate time for other crucial aspects, especially your employees’ payroll, which involves not only wages but also accurate employment tax, payroll deductions, work hours or overtime tracking, and more. Having fewer employees does not mean easier payroll either, which is why payroll outsourcing comes in very handy. A payroll outsourcing company will let you spend more time on what matters most. Legend Financial, a leading payroll services company in the UK, has your back! Legendary Solutions Are Just One Call Away Exceptional Riddance of Workforce […]
- [Value Added Tax (VAT) Specialist Glasgow - The VAT Consultancy](https://legendfinancial.co.uk/accountancy-services-glasgow-london/value-added-tax-vat-specialist-glasgow-the-vat-consultancy/): VALUE ADDED TAX (VAT) SPECIALIST Glasgow VAT is no doubt one of the most confusing tax schemes in the UK, as it deals not only with domestic taxes but also EU post-Brexit, international supply chain, multiple countries, and even exhaustive VAT inspections. It gets even more complex when it involves products, consumers, or sales outside the UK. Every country abroad has their own VAT rate and regulations. You need a VAT specialist with intensive accounting and tax customs experience. We are one of the most experienced specialist firms that comes up when you search for VAT specialist near me! Legendary […]
- [Corporate Tax Accountant Glasgow - Corporation Tax Advisor](https://legendfinancial.co.uk/accountancy-services-glasgow-london/corporate-tax-accountant-glasgow-corporation-tax-advisor/): CORPORATE TAX ACCOUNTANT Glasgow – CORPORATION TAX ADVISOR Do not wait until corporation tax filing deadlines arrive. Choose peace of mind and prepare your company tax returns earlier. The earlier you do corporation tax planning, the more appropriately you can allocate your budget throughout the accounting year. HMRC offers a credit interest of 0.5 per cent to business owners for early payments, too. That is something you can only take advantage of when you employ proactive tax planning. Experience our seamless, quick, and efficient corporation tax accounting services now! Legendary Solutions Are Just One Call Away Excellent Management of Your […]
- [Management Reporting Services Glasgow](https://legendfinancial.co.uk/accountancy-services-glasgow-london/management-reporting-services-glasgow/): MANAGEMENT REPORTING SERVICES Glasgow, London Keep in touch with your business’ financial health with Legend Financial’s real-time management reporting services. From measuring and monitoring KPIs and metrics, providing data-driven visualizations, graphs, and overall insights, to guiding your business’ decision-making, we have got your back for all that and more. With twelve years of experience in the field, and counting, you cannot go wrong partnering with us! Legendary Solutions Are Just One Call Away Establishing the Benchmarks in Financial Management Premier Management Accounts and Reporting Services Whilst your business maintains annual accounts, they do not highlight trends and insights to drive […]
- [IR35 Assessment Services Glasgow, London, UK](https://legendfinancial.co.uk/taxation-services-in-glasgow-uk/ir35-assessment-services-glasgow-london-uk/): IR35 ASSESSMENT SERVICES Glasgow Depending on the size of your business, it may be the employee or contractors to initiate an HMRC IR35 assessment. But to avoid inaccurate status determinations and potential penalties from HMRC, employ taxation experts for the job. Whilst HMRC has a CEST tool, it just serves as an indicator, not a handy help during tax investigations. To get the most reliable results, consult Legend Financial. It is our goal to help every one of our self-employed clients achieve tax compliance all the way! Legendary Solutions Are Just One Call Away Accuracy in IR35 Results at Its […]
- [R&D Tax Services Glasgow, London UK](https://legendfinancial.co.uk/taxation-services-in-glasgow-uk/rd-tax-services-glasgow-london-uk/): R&D TAX SERVICES Glasgow, London R&D can be the most expensive project your business may ever initiate, as coming up with new or improved products, services, or processes necessitates advanced software, technology, and staff. Expenses are upfront, and ROI may not be sure. An R&D tax credit exists for this purpose. It is our goal to propel you to greater heights, and acting as your R and D tax intermediary allows us to do so. Whether you are an SME or a large business about to make an investment for research and development, Legend Financial’s R&D tax services have got […]
- [Tax Investigation Services Glasgow, London UK](https://legendfinancial.co.uk/taxation-services-in-glasgow-uk/tax-investigation-services-glasgow-london-uk/): TAX INVESTIGATION SERVICES Glasgow If you have received an HMRC tax investigation letter or phone call, no need to panic. You have the best tax investigations specialists from Legend Financial. For everyone who has been through it, no doubt, the process can be very time-consuming and stressful. But that does not automatically mean you have committed a serious crime. Any sudden changes in your tax return or payroll or operating in a sector HMRC targets for that tax year may have triggered the audit. We are here for any type of tax investigation you may have to face! Legendary Solutions […]
- [Capital Gains Tax Adviser Glasgow, London - Legend Financial](https://legendfinancial.co.uk/taxation-services-in-glasgow-uk/capital-gains-tax-adviser-glasgow-london-legend-financial/): CAPITAL GAINS TAX ADVISER Glasgow London Any profit you make from disposing of investments or assets will be subject to capital gains tax. Whilst its rates are lower than ordinary income, the capital gains are added to your taxable income within that tax year, so the amount can still add up, nonetheless. If you plan to sell your collectibles, discuss it beforehand with a capital gains tax accountant so you can curb your tax rates through every legal means possible. Legendary Solutions Are Just One Call Away Curb Your Capital Gains Taxes, Boost Your Income Top-Notch Capital Gains Tax Services […]
- [Tax Planning Services Glasgow](https://legendfinancial.co.uk/taxation-services-in-glasgow-uk/tax-planning-services-glasgow/): TAX PLANNING SERVICES Glasgow, UK Do not wait until tax filing deadlines arrive. The earlier you do tax planning, the more you can curb your tax liability and take advantage of the benefits that are rightfully yours. Moreover, once you receive penalties for late filing or submitting inaccurate tax returns, the amount can get hefty overtime. Tax preparation not only helps you avoid these troubles but also makes sure you get any applicable refunds sooner. Legendary Solutions Are Just One Call Away Leading Tax Advising Services Provider in the UK Save Your Efforts, We Do the Complex Job Complying with […]
- [Taxation Services in Glasgow UK](https://legendfinancial.co.uk/taxation-services-in-glasgow-uk/): Taxation Services in Glasgow, UK Serving in the industry for more than a decade, Legend Financial knows exactly how frustrating taxes can be. That is why we are here—to give you expert business and personal taxation services in Glasgow and guarantee your peace of mind that competent professionals are handling your taxes. Legendary Solutions Are Just One Call Away Say Goodbye to Tax Headaches Welcome to Premier Tax Solutions at Legend Financial Tax season, the time of filing returns and making payment, is just always around the corner, and unfortunately, it is every accounting year! Legend Financial and Tax Advisers […]
- [EIS and SEIS Services Manchester, London UK](https://legendfinancial.co.uk/business-development-services-manchester/eis-and-seis-services-manchester-london-uk/): EIS AND SEIS SERVICES Manchester, London Looking to raise capital for your business? See if the government’s equity finance schemes are suitable for your company. The seed enterprise investment scheme (SEIS) caters to eligible startups, whilst the enterprise investment scheme (EIS) helps qualifying SMEs. Obtaining venture capital is not always easy—investors look for anything but high-risk investment. Once HMRC grants approval, early-stage companies can attract investors, the latter enjoying tax breaks at a certain level, even up to exemption! Legend Financial is here to liaise for both businesses and investors in reaching their goals. Talk to us today to see […]
- [Business Plan Services Manchester - Market Research Agency](https://legendfinancial.co.uk/business-development-services-manchester/business-plan-services-manchester-market-research-agency/): Business Plan Services Manchester – Market Research Agency Every firm needs a business plan to get from where it is now to where it wants to go. If you are just starting, trying to obtain capital funds, or establishing a plan for other purposes, search business plan writers near me, and you will find Legend Financial, the most trusted full service market research company in the UK. We have been serving various industries for more than ten years, so our competence in business plan writing services UK is unmatched. See for yourself! Legendary Solutions Are Just One Call Away You […]
- [Business Valuation Services Manchester - Company Valuation Service](https://legendfinancial.co.uk/business-development-services-manchester/business-valuation-services-manchester-company-valuation-service/): BUSINESS VALUATION SERVICES Manchester There are many reasons businesses go through company valuation, and in our experience, it is usually during difficult times—entering a buy-sell agreement, restructuring tax and accounting system, or having shareholder disputes. For this matter, search for business valuation services near me, and you will find Legend Financial. We have been providing small business valuation services for over a decade. Whether you want to clear up disputes or are trying to increase your business’s value for future sales, you can trust our experienced valuers. Talk to us today! Legendary Solutions Are Just One Call Away Proven and […]
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- [Cash Flow Management Services Manchester, London UK](https://legendfinancial.co.uk/business-development-services-manchester/cash-flow-management-services-manchester-london-uk/): CASH FLOW MANAGEMENT SERVICES Manchester Every business’ goal is to increase its revenue. However, no matter how big their cash inflows are, they are bound to meet some bottlenecks at some point if they fail to secure a good cash management system. Legend Financial has been providing cash flow management services for more than a decade, so we know all the most effective methods to improve cash flow. Entrust this task to us and see how we can skyrocket your net profit! Legendary Solutions Are Just One Call Away Boost Your Bottom Line with Good Cash Management Top-Notch Cash Flow […]
- [Marketing Strategies For Financial Services Manchester](https://legendfinancial.co.uk/business-development-services-manchester/marketing-strategies-for-financial-services-manchester/): MARKETING STRATEGIES FOR FINANCIAL SERVICES Manchester There is no other great way to increase your brand awareness and ultimately expand your local business but effective marketing strategies. Every firm in the UK now exhausts marketing efforts, and it is for no small reason—the wider and more strategic your marketing mix, the quicker you can enlarge your customer base. All these are for the growth of your business. Legend Financial has the instrument you need. Legendary Solutions Are Just One Call Away Take the First Step Toward Growth Leading Financial Services Marketing in the UK When financial planning and digital marketing […]
- [Company Secretarial Services Manchester - Corporate Services](https://legendfinancial.co.uk/accountancy-services-manchester-london/company-secretarial-services-manchester-corporate-services/): COMPANY SECRETARIAL SERVICES Manchester Every minute is precious when running a business—Legend Financial understands this the most. Our company secretarial services let you focus on what is most important, as our designated company secretary takes charge of all your governance duties. Leave the time-consuming administrative tasks to us!   Legendary Solutions Are Just One Call Away Raising the Bar on Corporate Governance Premier Company Secretarial Work Manchester, London Legend Financial has been providing secretarial support to various companies for twelve years, so we have all the equipment needed for corporate secretarial services. You need not install software or train anyone to […]
- [CIS Return Services Manchester - Submitting CIS Returns](https://legendfinancial.co.uk/accountancy-services-manchester-london/cis-return-services-manchester-submitting-cis-returns/): CIS RETURN SERVICES Manchester, London When it comes to handling construction payroll and tax affairs, search for CIS accountants near me, and one CIS accounting firm stands out—Legend Financial. We have been dealing with CIS monthly returns on a daily basis, so we know everything the construction work encompasses. From making a payslip to claiming refunds, our CIS service handles them all. Legendary Solutions Are Just One Call Away Submitting CIS Returns Made Easier Premier CIS Accountants in the Industry Established for over a decade, Legend Financial has been providing tax and accounting solutions to a lot of businesses and […]
- [Bookkeeping Services Manchester, London UK](https://legendfinancial.co.uk/accountancy-services-manchester-london/bookkeeping-services-manchester-london-uk/): BOOKKEEPING SERVICES Manchester, London Legend Financial knows how hard it is for small businesses to find a firm offering bookkeeping and accounting services near Manchester, London, that continues to serve them despite their size. Not for us—our accounting and bookkeeping service caters to businesses of all sizes, but we set our focus on small businesses. Legend Financial has been providing accounting and bookkeeping services for more than a decade. We take pride in witnessing and partaking in your business’ growth! Legendary Solutions Are Just One Call Away Sorting Out Your Finances for Twelve Years Small Business Bookkeeping Services Near Manchester, […]
- [Self Assessment Tax Return Services Manchester](https://legendfinancial.co.uk/accountancy-services-manchester-london/self-assessment-tax-return-services-manchester/): SELF ASSESSMENT TAX RETURN SERVICES Manchester Avoid last-minute panic by preparing your self assessment tax return earlier. Many self-employed individuals in the UK have been doing so, and it is not for nought! The earlier you complete your HMRC self assessment tax return, the more you can take advantage of income and capital gains tax allowances and reliefs. Knowing how much tax you owe will surely give you peace of mind, as you can allocate your expenses better throughout the year. Legendary Solutions Are Just One Call Away Leave Your Tax Return Affairs to Us! Leading Self Assessment Tax Return […]
- [Auto Enrolment Services Manchester, London UK](https://legendfinancial.co.uk/accountancy-services-manchester-london/auto-enrolment-services-manchester-london-uk/): AUTO ENROLMENT SERVICES Manchester, London Under the Pensions Act 2008, employers are obliged to provide all their employees with a reliable pension scheme at all costs. Postponement may be allowed, but you will still have to get back to when an employee started. With all the other crucial matters in your business, leave this task to Legend Financial. Our auto enrolment accountants have been doing the work on behalf of many companies from various industries for more than a decade. Legendary Solutions Are Just One Call Away Enforcing Tax Compliance in Your Business Streamlined Auto Enrolment Service in the UK […]
- [Payroll Management Services Manchester, London UK](https://legendfinancial.co.uk/accountancy-services-manchester-london/payroll-management-services-manchester-london-uk/): PAYROLL MANAGEMENT SERVICES Manchester When you singlehandedly run a business, you may be unable to allocate time for other crucial aspects, especially your employees’ payroll, which involves not only wages but also accurate employment tax, payroll deductions, work hours or overtime tracking, and more. Having fewer employees does not mean easier payroll either, which is why payroll outsourcing comes in very handy. A payroll outsourcing company will let you spend more time on what matters most. Legend Financial, a leading payroll services company in the UK, has your back! Legendary Solutions Are Just One Call Away Exceptional Riddance of Workforce […]
- [Value Added Tax (VAT) Specialist Manchester - The VAT Consultancy](https://legendfinancial.co.uk/accountancy-services-manchester-london/value-added-tax-vat-specialist-manchester-the-vat-consultancy/): VALUE ADDED TAX (VAT) SPECIALIST Manchester VAT is no doubt one of the most confusing tax schemes in the UK, as it deals not only with domestic taxes but also EU post-Brexit, international supply chain, multiple countries, and even exhaustive VAT inspections. It gets even more complex when it involves products, consumers, or sales outside the UK. Every country abroad has their own VAT rate and regulations. You need a VAT specialist with intensive accounting and tax customs experience. We are one of the most experienced specialist firms that comes up when you search for VAT specialist near me! Legendary […]
- [Corporate Tax Accountant Manchester - Corporation Tax Advisor](https://legendfinancial.co.uk/accountancy-services-manchester-london/corporate-tax-accountant-manchester-corporation-tax-advisor/): CORPORATE TAX ACCOUNTANT Manchester – CORPORATION TAX ADVISOR Do not wait until corporation tax filing deadlines arrive. Choose peace of mind and prepare your company tax returns earlier. The earlier you do corporation tax planning, the more appropriately you can allocate your budget throughout the accounting year. HMRC offers a credit interest of 0.5 per cent to business owners for early payments, too. That is something you can only take advantage of when you employ proactive tax planning. Experience our seamless, quick, and efficient corporation tax accounting services now! Legendary Solutions Are Just One Call Away Excellent Management of Your […]
- [Management Reporting Services Manchester](https://legendfinancial.co.uk/accountancy-services/management-reporting-2/): MANAGEMENT REPORTING SERVICES Manchester, London Keep in touch with your business’ financial health with Legend Financial’s real-time management reporting services. From measuring and monitoring KPIs and metrics, providing data-driven visualizations, graphs, and overall insights, to guiding your business’ decision-making, we have got your back for all that and more. With twelve years of experience in the field, and counting, you cannot go wrong partnering with us! Legendary Solutions Are Just One Call Away Establishing the Benchmarks in Financial Management Premier Management Accounts and Reporting Services Whilst your business maintains annual accounts, they do not highlight trends and insights to drive […]
- [IR35 Assessment Services Manchester, London, UK](https://legendfinancial.co.uk/taxation-services-in-manchester-uk/ir35-assessment-services-manchester-london-uk/): IR35 ASSESSMENT SERVICES Manchester Depending on the size of your business, it may be the employee or contractors to initiate an HMRC IR35 assessment. But to avoid inaccurate status determinations and potential penalties from HMRC, employ taxation experts for the job. Whilst HMRC has a CEST tool, it just serves as an indicator, not a handy help during tax investigations. To get the most reliable results, consult Legend Financial. It is our goal to help every one of our self-employed clients achieve tax compliance all the way! Legendary Solutions Are Just One Call Away Accuracy in IR35 Results at Its […]

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