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
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
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
Following chaotic few days after Liz Truss’ resignation, Rishi Sunak is to become the new prime minister of the United Kingdom.
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
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
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
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.
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
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
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Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.
Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.
Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.
The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
The end of the tax year brings a few certainties. One of them is an important document landing in your inbox or hand. So, what is a P60 exactly? In the UK, it is an official record of the total pay received, and the amount of tax and NICs deducted during that tax year.
The days of crypto anonymity are coming to an end. From January 2026, HMRC will begin receiving automatic data on UK taxpayers’ cryptoasset activities from digital asset platforms around the globe. This is all under a new international agreement known as the Cryptoasset Reporting Framework (CARF).
Almost every employee in the UK is eligible for workplace pensions. It’s mandatory for employers to set their employees for auto enrolment pensions, even if they only have one. This guide is for both, whether looking to strengthen compliance or understand how it affects their paycheck.
The removal of P11D forms, replaced by mandatory payrolling of benefits in kind (BIK) by April 2026, is deferred for 12 months. This was first introduced in January 2024, but with several appeals, HMRC announced on 28 April 2025 that it will delay the implementation in April 2027.
Those who are self-employed or in a partnership need to know about a major tax change: “Basis Period Reform.” This new approach to taxing business profits in the UK aims to simplify things by aligning everyone’s tax calculations to the standard tax year. This guide breaks down everything in simple terms. Understand what is changing, how it impacts you, and what steps you may need to take.
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
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