At Shafiq & Co we get the best out of your finances. We are committed to supplying professional help to manage your personal and business finances, which we tailor to your needs as a client. You will receive expert tax advice, including assistance in completing tax returns, corporate tax computations and complex capital gains computations. We take every opportunity to maximise your financial growth while minimising your tax liability. Advice is also available on the provision of commercial mortgages and loans.
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We are a forward looking firm that not only assist you to meet your statutory obligations but also provide invaluable advice to help maximise your profitability. If you are thinking of buying in any accounting or payroll systems, then talk to us first. We are in a position to offer impartial advice, and even direct you to suppliers that may save you money.
These infosheets have been written to act as a useful reference library of the typical questions we find we are asked most often. The advice provided within these infosheets are written as a general guide only. For this reason, you should seek our professional opinion before acting or relying upon this generalised advice.
Note 1: Where income is above 100,000 the Personal Allowance reduces by 1 for every 2 of income above the 100,000 limit. It can go down to zero. This reduction applies to all people irrespective of age or date of birth. The allowance reduces by 1 for every 2 of income above the specified income limit of 27,700, but never falls below the minimum amount specified above. Tax relief for the Married Couples Allowance is given at 10%. Deadline for submitting online your 2020/2021 self assessment tax return.
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