Whether you’re a sole trader, partnership, or limited company, submitting an accurate tax planning is a legal requirement. It informs HMRC of your income and determines how much tax is owed.

Failing to file your tax planning on time can result in substantial penalties and interest charges from HMRC. That’s why it’s essential to stay ahead and put reliable arrangements in place early on.

At Shafi Associates, we take care of the entire process for you. We calculate your tax liability, prepare your annual tax planning, and file it with HMRC—all while ensuring any available tax reliefs are applied. We also provide tailored tax planning advice to help you reduce liabilities, including Capital Gains Tax.

For limited companies, we prepare and file Corporation Tax Panning, maintain your tax records, and communicate directly with HMRC on your behalf. We also offer expert advice on tax-efficient profit extraction strategies for owner-managed businesses and other tax-saving opportunities relevant to your business structure.

For more information or to speak with a tax expert, please call us at 01615322568 or email contact@shafiassociates.co.uk.