Other Services

Personal tax planning

Muftal's has extensive experience in the provision and delivery of bespoke tax-planning services. Please see some of the services below

  • Entrepreneurs Relief
  • Tax investigations
  • corporation tax mitigation
  • implementation of tax-efficient share schemes
  • maximising capital gains tax taper relief
  • remuneration and profit extraction planning
  • transaction planning for acquisitions and disposals
  • Self-assessments


We provide following services to our clients

  • Monthly/weekly payslips
  • Payroll summary report.
  • P60s (person's end of year earnings and tax summary)
  • Monthly/ quarterly emails to clients for advising how much tax they need to pay and to make sure everything is filed and paid on time so there are no penalties or interest to pay to HMRC
  • Filing of monthly Construction Industry Scheme returns (CIS)

Occasionally clients or HMRC make administrative errors. Resolving these issues is part of our service.

Our company is particularly strong in these areas - including the technical areas such as statutory maternity pay, occupational pension schemes, and statutory sick pay. The turnaround times exceed client expectations. Our prices for running the clients' payrolls are extremely competitive.

We are RTI ready  

Value Added Tax (VAT)

Value Added Tax (VAT) is a tax that's charged on most goods and services that VAT-registered businesses provide in the UK. It's also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. VAT is charged when a VAT-registered business sells to either another business or to a non-business customer. When VAT-registered businesses buy goods or services they can generally reclaim the VAT they've paid.

There are three rates of VAT, depending on the goods or services the business provides. The rates are:

  • Standard - 17.5 per cent
  • Reduced - 5 per cent
  • Zero - 0 per cent

There are also some goods and services that are:

There are three rates of VAT, depending on the goods or services the business provides. The rates are:

There are also some goods and services that are:

Exempt from VAT

Outside the UK VAT system altogether

When to register

You may have to register if your sales are over £79,000 or more, otherwise you may be able to register voluntarily

On-going VAT tends to tie in with our on-site or off-site bookkeeping. However, we do process VAT returns for clients who maintain their own accounting records. We have a vast experience with flat rate VAT, cash accounting VAT, retail VAT. we prepare monthly as well as quarterly VAT returns for our clients with or without EC sales list

We can help to answer the following questions

  • Should I register for VAT?"
  • "Must I register for VAT?"
  • "May I register for VAT?"
  • "If so, when?"
  • "what can you cliam "From when can I claim it?"
  • "What are my options"?
  • "Is it Flat rate or Cash accounting or standard rate or Exempt or Zero rated

Deregistering for VAT

De-registering for VAT requires careful planning. We strongly recommend that any de-registration is performed through us in order to avoid an unexpected charge. From experience these are easily missed by those without regular experience of this.

Other services:

  • P11D.
  • Management reports.
  • Aged Debtors.
  • Aged Creditors.
  • Accounts Payable.
  • Accounts receivable and credit control.
  • Investigations both Business and Personal.
  • Forecasting.
  • Budgeting.
  • Cash flow statements.
  • Company secretary.
  • Business start-ups.
  • Annual returns, maintaining the stock transfer register.
  • Filing of annual accounts with HMRC and companies house.


Limited Company

Trading through a Limited Company has become increasingly popular, due to flexibility, security and tax efficiency.

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Sole Traders

If you’re a sole trader, you’re running your own business as an individual. You can keep all your business’

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In a business partnership, you and your business partner (or partners) personally share responsibility for your business.

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Reason to join

A personalized service - fully supported by phone and email.


Tried, tested and trusted by Contractors.


We are fully compliant with current legislation – IR35  advice and contract reviews.


Expert financial advice and planning – maximise take home pay and tax efficiency.


Muftal Blog

The biggest change to income tax and National Insurance Contributions since PAYE was introduced in 1944.


Tax avoidance – How worried should you be?


Public sector contacting and IR35 


RTI Penalties – With hard-pressed employers coming to terms with Real Time Information (RTI) filing, the pain is not all over.