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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
Payroll
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.
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