#Basic Rate Tax

💸 Keep Your Hard-Earned Money: Avoid Paying 40% Tax! Wondering how to legally minimise your tax burden in the UK? Here’s what you need to know: 🔍 Understand the System: The UK tax system is a progressive, meaning your tax rate increases as your income does. Knowing how the tax bands work is key. 💼 Incorporate a Limited Company: To stay within the basic rate tax band, consider setting up a limited company. This can help you strategically manage your income and keep more of your earnings. 💡 Diversify Income Sources: Manage your income from side hustles, property investments, and other streams. By spreading out your earnings, you can stay within lower tax brackets. 💰 Ring-Fence Your Profits: Protect your profits by structuring your finances wisely. This way, you can avoid being pushed into higher tax brackets and keep more money in your pocket. #TaxPlanning #FinancialFreedom #EntrepreneurLife #TaxStrategy #UKBusiness #SideHustle #PropertyInvestment

Ltd vs Personal👇 The BIG debate 🤔 Since the Section 24 tax law came into place, which stops landlords who buy properties in their own name from deducting their mortgage interest as an expense, means more and more landlords are heading towards Ltd companies as the most tax efficient option. BUT ITS NOT RIGHT FOR EVERYONE! In fact, if you’re a basic rate tax payer (earning below £50,270 / year) then this tax law won’t affect you and keeping properties in your own name might be the best way forward. Remember, with Ltd companies there is double tax. For example you pay corporation tax on your profits, then dividend tax to get this money out of the company and into your personal account. So always seek professional advice and why not join us on the JPU live lesson in December with my own tax advisor as we discuss Ltd vs Personal, company vehicles, and allowable expenses to reduce your tax. This is for James Property University students only so make sure to join before we close the JPU in 3 days!! ⏰ James x

Tax filing starts form $30 only‼️ 💸 Maximize your tax refund & reduce your taxes! DM @osttaxes 📲 WhatsApp: http://wa.me/19052267054 Comment “Tax” to book your call and claim all eligible expenses and benefits! If you’re self-employed or running a business, you may be eligible to claim expenses like fuel, insurance, meals, maintenance, and more. ✔️ Affordable & reliable service ✔️ Expert guidance 💸 Don’t leave your money behind! #TaxRefund #TaxTipsCanada #MaximizeYourRefund #BusinessExpenses #TaxSeason CanadaTaxes FinancialTips

@taxbypouyan The U.S. may be one country — but when it comes to taxes, every state plays by its own rules. According to WalletHub, the tax burden in each state was calculated based on three main categories: 🏠 Property taxes 💵 Individual income taxes 🛒 Sales & excise taxes Together, these show how much of residents’ income actually goes back to state and local governments. 💸 Highest tax burdens: 🌺 Hawaii (13.9%) – The highest overall. Heavy dependence on sales and excise taxes makes living costs steep. 🗽 New York (13.6%) – Highest income tax rates, especially in the NYC metro area. 🌉 California (11.0%) – High earners face steep rates, but statewide averages drop thanks to deductions and income diversity. 🌲 Maine (10.6%) – A mix of property and income taxes puts it among the top five. 🏙️ New Jersey (10.3%) – Property taxes dominate; homeowners pay some of the highest bills in the U.S. 🏡 Lowest tax burdens: ❄️ Alaska (4.9%) – No state income tax, minimal sales taxes, and oil revenue covers much of the budget. 🐴 Wyoming (5.8%) – Resource-rich and low reliance on taxing residents. 🏔️ New Hampshire (5.9%) – No income or sales tax, but property taxes fill the gap. 🎸 Tennessee (6.4%) – No income tax, but one of the highest sales tax rates in the country. 🌴 Florida (6.5%) – Tourism-driven economy helps offset the lack of income tax. ⚖️ Key insights: 👉 States with no income tax (like Texas, Florida, Washington) often balance the budget through higher sales or property taxes. 👉 States with cheaper housing markets (like Alabama or West Virginia) tend to have lower property tax bills — but also less funding for public services. 👉 Resource-rich states (Alaska, Wyoming, North Dakota) keep taxes low thanks to oil, gas, and mineral revenues. 💭 Which tax mix do you think feels the fairest? Drop your thoughts below! 👇 📈 Follow @taxbypouyan for practical tax insights, smart financial strategies, and expert tips for managing your money in the U.S.

New tax law for those 65+

LTD vs Personal 🤔 Section 24 had a huge shake up on landlords who owned property in their personal name. Just a note that section 24 will unlikely affect you if you’re a basic rate (20%) tax payer and you own property in your own name. 🔑 However the key thing to consider is that even if you’re a basic rate tax payer now, but you wish to build a property portfolio that tips you into the higher rate threshold from rental income, then section 24 WILL affect you. ⚠️ We have a whole module inside the JPU around this and it’s best to get this set up sooner rather than later!! There’s still time to join the JPU 🚀 James x And as always, seek professional advice for your personal circumstances because there’s a list of pros and cons for setting up a Ltd company 👍

GOOD NEWS FOR SALARIED EMPLOYEES!! Govt has approved the Income Tax Rules 2026, effective 1st April Check out the full reel to understand what’s changing and which regime you should choose Few things to keep in mind: 1. Break-even is calculated after standard deduction ₹50k (old regime) and ₹75k (new regime) 2. Most deductions are only in the old regime Only 80CCD is common, and in the new regime, it’s only via employer contribution (corporate NPS) 3. Same with exemptions Most are in the old regime Only a few like gifts and concessional limits apply in both 4. What should you do? Calculate your total deductions + exemptions If it’s higher than the break-even → old regime is better If it’s lower → go for the new regime If it’s equal that means you will be paying same tax in both regime Breakeven point will differ for every salary level as mentioned in the video Speak to your CA or HR for clarity If you have doubts, let me know in the comments! [Anushka Rathod, Finance, India, Tax, News] #anushkarathod #finance #india #tax #news

Instead of taking out more dividends, there are smarter strategies. If you don’t need the cash right away, putting money into a pension is a highly tax-efficient option. It lowers your corporation tax and helps keep you in the basic rate tax band. You can also minimize the dividends you need by using company perks like a company car, medical insurance, or life insurance. These benefits can be provided tax-efficiently by the business. Watch the full video on paying yourself on my YouTube channel 🎥 #TaxStrategy #PensionPlanning #Dividends #TaxEfficient #CompanyPerks

Picture based question the chapter BOP #commercestudent #cbseeconomics #boardexams2026

Inflation and the Big Beautiful bill will likely be making some big changes to your taxes. This video explains all the big changes you should know about BEFORE you file your 2025 taxes in 2026. This includes changes to the standard deduction, the child tax credit, and NEW deductions for tips, overtime and your car loan interest. #taxes #taxseason #bigbeautifulbill

1st April se Bharat ka New Income Tax Act 2025 lagu hone ja raha hai — 64 saal baad itna bada overhaul. ✔️ Ab Previous Year–Assessment Year ka confusion khatam ✔️ WhatsApp–Instagram access sirf serious tax evasion cases mein ✔️ Late ITR file karne par bhi TDS refund milega ✔️ NRIs ke liye stricter recovery rules ✔️ Let-out property par home loan interest ka zyada tax benefit Yeh changes har salaried person, investor aur NRI ko directly impact karte hain. Agar aap tax planning ya investing karte ho, toh yeh jaanna bahut zaroori hai. Rahul Jain is registered with SEBI as Individual Research Analyst (INH000023287) Investment in securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The securities quoted are for illustration only and are not recommendatory. #IncomeTax2025 #NewIncomeTaxAct #TaxChangesIndia #ITR2025 #TaxPlanningIndia #PersonalFinanceIndia #IndianFinance #FinanceAwareness #TaxRules2025 #NRITaxation #RentalIncomeTax #HomeLoanTaxBenefit #InvestSmart #WealthManagement #FinancialLiteracy

STOP ✋‼️❌🔴 OVER PAYING💸ON YOUR TAXES‼️Or FILING YOUR TAXES INCORRECTLY ‼️😓. Contact‼️📲 ✨StarrConnec✨ your TAX EXPERT ‼️🫶😎 for all your tax and business needs🤝. Reach out at any time for all you tax questions and concerns‼️ We got you‼️✨🫶😎 Dm us 📲or Call📲or Text us at (757)375-5691 😎. #taxbusiness #TaxExpert #OverPaying #Taxes