Accounting

Accounts form a crucial part to running a business and we firmly believe that good quality management information gives the ability to make great decisions. At Shahabuddin & Co we understand the frustration that can be sometimes felt from the overwhelming burden of legislation and administration. Our aim is to make the task as painless as possible.

Compliance with UK laws and regulations can be daunting. Here at Shahabuddin & Co we can prepare and maintain accounting records using the latest computer based applications. We prepare accounts for our clients using our up to date knowledge, in a transparent and simple way. Accounts are important to any business and they can form the backbone to raising and negotiating good finance deals. They are an efficient and effective way to communicate the results of a business to the investors and other stakeholders. Our focus on quality and aim to make accounts easy to understand helps our clients achieve their company goals and fulfill their legal requirements.

SERVICES

We perform a wide variety of accounting services including:

• Preparation of annual and statutory accounts for:
  • Plc's;
  • Limited companies;
  • Partnerships;
  • Owner managed; and
  • UK and offshore companies
• iXBRL tagged accounts preparation
• Maintaining accounting records
• Preparing accounts from incomplete records
• Accounts outsourcing
  • we provide the services of a full accounts department
• Management accounts
  • Monthly/ quarterly accounts;
  • Cashflow and profit forecast;
  • Working capital requirements 

Taxation

Tax effects everyone from the large multinational to the sole trader just starting up. It is often something that people forget or wish to forget about. However a careful review and appropriate tax planning can help save individuals and companies money. At Shahabuddin & Co we can help you as we specialise in the following:

SPECIALISED TAX SERVICES

Personal tax

Preparation and submission of the tax returns
A review of tax planning opportunities
Inheritance taxation planning
Capital gains tax planning

Corporation tax

Preparation and submission of the tax returns
A review of tax planning opportunities 

iXBRL

Preparation and submission of iXBRL accounts and tax returns

Tax investigations

We give our clients expert advice during tax investigations and deal with the HM Revenue and Customs in order to reach a settlement. We also attend Tribunal hearings to resolve the tax disputes.

Offshore tax planning

We advise our clients for setting up off shore businesses for tax efficiency.

VAT

Value added tax can be a complex area and the constant change to details within the regulations call for a professional review. Our VAT services includes:
Assistance with VAT registration
Advice on VAT planning and administration
VAT control and reconciliation
Completion of VAT returns
Planning to minimise future problems with Customs and Excise Negotiating with Customs and Excise in disputes and representing you at VAT tribunals

Payroll
PAYE and NIC, preparation of P60, P11D and CIS (construction industry scheme) forms. 

Payroll

Keeping track of your employees and ensuring that they have been paid the correct amount is a time consuming process. Getting it wrong may result in non compliance with legislation or paying too much to your employees. Either way incorrect payroll calculations impacts your business.

At Shahabuddin and Co we have a long tradition of providing bureau services to our clients. We calculate the payroll payments, produce payslips and account for the relevant taxes in line with your payroll commitments. We ensure this compliance by using up to date payroll software and trained staff.