The UK has a lot of tax systems in place, and currently, HMRC implements even stricter tax protocols, so it’s high time you focus on complying with the ever-updating laws and make sure the tax authority sees you as a diligent taxpayer, whether you are an individual or a business, to avoid penalties and take advantage of reliefs.
Legend Financial provides the most comprehensive articles regarding tax, accounting, and financial matters. Most importantly, we offer virtual and in-person support, especially reducing your taxes through available reliefs that fit your tax situation.
Now that the bounce back loan is due, Pay as You Grow repayment options serve as a significant business rescue. However, despite PAYG, many companies are still unable to pay their BBLS and other loans. Check out what happens, and which next steps are best to take.
Find out all about council tax in this easily digestible guide, from the scope of exemptions, means to reduce the bill, different council tax bands and rates, how to pay, and other crucial, relevant frequently asked questions.
Expensive, complex, time-consuming, and overall stressful—in the perspective of most taxpayers, every tax compliance check is almost always a heavy ordeal. Since HMRC generates
The bounce back loan scheme proved to be very helpful at the height of the pandemic. However, they are merely that—loans—and they need to be repaid. Here’s how the Pay as You Grow can help.
Sole traders and their businesses are one legal entity, which means they are personally responsible for both their businesses’ successes and failures. Check out all you need to know about sole proprietorship in this article.
Overclaims were rampant on CJRC grants. This article provides comprehensive guide to employers facing penalties, whether for deliberate or non-deliberate reasons.
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 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.
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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.
What causes VAT fraud, its types, penalties, and how to report one? All these will be covered in this article. Read on to find out!
This article focuses on the various ways individuals in the UK can cut their income tax bill on their investment profits. They include National Savings and Investments (NS&I), Individual Savings Accounts (ISAs), Junior ISAs, Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trusts, Self-Invested Personal Pensions (SIPPs), and Small Self-Administered Schemes (SSASs).
This article covers all that you need to know about eCommerce VAT from registration, penalties, rates, international protocols, to new EU VAT regulations.
Why is accounting and bookkeeping the backbone in your ecommerce business? And how do you get started selling online? This article provides a quick guide to these.
There are a lot of existing self-employed accounting software programs nowadays, so picking the best one can be challenging.
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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.