WELCOME TO HABIB & CO.

Leading Tax Professionals of the UK | USA | UAE and KSA

Global Taxation

House of UK TAXATION Services

Get 24/7 | Online | Virtual | Cloud based Tax Filing, Compliance, Consultation, Prepatory Services; by UK Qualified Accountants, Lawyers & Practioneer.

United States of AMERICA & Its TAX House

Qualified CPAs, Solictors, USA Tax Practioneer are the Assets of Habib & Co. for providing Excelent Virtual Services for all Types of USA Taxation, either its Indvidual or for LLC.

House of UAE | KSA Taxation Services

The Valued Resource at Habib & Co. who have local expertise for performing all types of Taxtion, either its Value Added Tax Taxation Services or Individual Tax FIling !

UK Taxation Services:

“Accurate Self-Assessments for Stress-Free Filing”

Registration to Tax Filing | Self Assessments: We handle the process of registering your business with HMRC, ensuring all required details are accurately submitted.

VAT Registration: Our team assists with VAT registration, helping you understand thresholds and obligations.

Corporation Tax Filing: Invoice prepration to Return Filing, all under one roof, through Cloud, virtually handled.

Self Assessment Tax Return!

Virtually Transfer Your Data & Get Your Tax Return Filed Effortlessly!

National Insurance Number
Unique Taxpayer Reference (UTR) if you’ve filed taxes before.

Income Documents:

P60 form from your employer(s) showing income and taxes paid
P45 form if you changed jobs during the tax year
P11D or P9D forms if you received benefits or expenses
Statements of interest earned from bank accounts, building societies, or other investments

Detail of other non saving income:

Income from Property (if)
Saving Income or Dividend Income (if)
Income being partner from any other partnership

Detail of Taxable Benefits from Employer (if any) like,

Accommodation (Living Accomodation)
Use of Vehicle / Motor Car of the Employer along with Private Fuel
Beneficial Loans, as obtained from Employer (if any)
Disclosure of any Exempt benefit as obtained from Employer (e.g. Medical Treatment, Contributions, Overseas Stay or any other trivial benefits)
Detail of any other Allowable Deductions which will be reducing employee’s taxable employment income, as received during Employment, e.g.
Any contribution like Occupational Pension Scheme
Any Payroll deduction scheme
Any subscription as paid by the employer
Any “Approved Mileage Allowance Payment (AMAP)”

SELF EMPLOYED Taxation Services!

Streamlined Tax Solutions for Sole Traders and Partnerships

At Habib & Co., we specialize in managing the self-assessment obligations for sole traders and partnership , ensuring your tax returns are accurate, timely, and compliant with HMRC regulations.

“Accurate Income Tracking for Seamless Self Employed Tax Filing”

1. Comprehensive Analysis of Income

Income Details: We meticulously collect and analyze all income from self-employment, including
Collection of all invoices and receipts, to ensure a complete and accurate picture of your earnings.
Any other Income like Property or Rental Income, Dividend Income, Pension Income etc, covering all aspects of the income.

2. Allowable Expenses Management

“Maximize Deductions with Detailed Expense Tracking”

Allowable Expenses: We provide a detailed worksheet of allowable expenses, ensuring all legitimate costs are claimed.
Disallowed Expenses: We carefully manage disallowed expenses to prevent any issues with HMRC.

3. Pre-Trading Expenditure Planning

“Strategic Tax Planning Before You Start Trading”

Pre-Trading Expenditure: Our tax planning services include managing pre-trading expenditures to maximize your tax efficiency from the outset.

4. “Calculation of Tax Adjusted Trading Profit (TATP)”.

Net Profit per Accounts is reduced by allowable expenses not shown in the profit and loss statement (P&L). Additionally, non-trading income and gains added in trading profit, such as chargeable gains (CGT), saving income, property income, dividend income, etc., are deducted. The resulting figure is the Tax Adjusted Trading Profit (TATP).

TAX PLANNING

Why We Pay Extra Tax, When We Have Legitimate Reductions!

Implications on Your Tax Liability:

Child Benefit Tax Charge (CBTC)

Marriage Allowance

“Proactive Planning, Proven Results: Your Partner in Tax Efficiency.”

“Navigate Your Taxes, Optimize Your Wealth.”

Planning through Your TAXABLE INCOME:

Personal Allowance, Spouse’s Personal Allowance Calculation
Exempt Income
(e.g., National Savings & Investment)
Relief
(e.g., Qualifying Business Loans for Qualifying Purposes)
Charity/Donations
(including regular charity to registered institutions)
Personal Pension Schemes, Payroll Deduction Schemes

Other Considerations:

Tax-Efficient Investments
Utilizing ISA (Individual Savings Account) allowances
Pension contributions
Business Structure Optimization
Choosing the most tax-efficient business entity
Utilizing reliefs and incentives
Tax Credits and Rebates
Maximizing entitlements to tax credits
Claiming relevant tax rebates
Capital Gains Tax (CGT) Strategies
Utilizing annual exemptions
Inheritance Tax (IHT) Planning
Gifting strategies

Our Promise to You:

Reduce Tax Liabilities:
Discover how we utilize available allowances and reliefs to minimize your tax payments on savings income, maximizing your overall savings potential.

Maximize Savings:
Our strategic tax planning ensures you keep more of your hard-earned money, enabling effective growth and security for your savings over time.

Peace of Mind:
With our expert guidance, rest assured your tax affairs are in good hands.

Tailored Strategies:
Benefit from personalized tax planning strategies crafted by our experienced professionals, tailored to your unique financial goals and circumstances for optimal tax efficiency and compliance.

Start Saving More Today!

Contact us now to unlock the full potential of your savings while navigating the complexities of UK tax regulations. Let’s build a brighter financial future together.

Expert ‘Saving Income’ Tax Planning

Looking to minimize your tax burden while maximizing your savings? Our expert tax planning services are tailored to your needs, ensuring you benefit from every available opportunity to save on income tax.

Consider it, maximize your savings

Starting Rate Band for Savings
Nil Rate Band
Personal Savings Allowance (PSA)
Dividend Allowance

UK VAT | Sales Tax

Your Trusted VAT Partner:

Whether you’re a small business or a large corporation, Habib & Co. is your trusted partner for all VAT matters. Our team of experienced professionals is committed to delivering proactive solutions that help you manage your VAT obligations efficiently and effectively.

Compulsory VAT Registration Situations:

“Let Us Handle Your VAT Vigilance and Protect Your Business from Financial Implications.”

Exceeding the VAT Threshold (£85,000).

Expected to Exceed the Threshold within 30 days.

Acquiring a VAT-registered Business.

Importing Goods from EU Countries under PVA.

Making Taxable Supplies in the UK.

Using VAT MOSS Scheme for Digital Services.

Selling Exempt Goods with Recoverable Input Tax.

Types of VAT Registrations | Registration Section:

We conduct diagnostic sessions to determine if registration is necessary and ensure compliance with HMRC requirements.

Standard VAT Registration (VAT1 Form)

VAT registration for businesses whose taxable turnover exceeds the VAT threshold (£85,000*).

Voluntary VAT Registration (VAT1 Form)

Voluntary registration for businesses with a taxable turnover below the VAT threshold but wish to register voluntarily to reclaim VAT on expenses.

Group VAT Registration

Registration for a group of companies under common control to be treated as a single taxable entity for VAT purposes.

VAT Mini One Stop Shop (VAT MOSS)

Registration for businesses supplying digital services to consumers in EU member states, enabling VAT reporting in one EU member state.

Non-UK Businesses Selling Goods Online to UK Consumers (VAT OSS)

Registration for non-UK businesses selling goods online to UK consumers, enabling them to collect and remit VAT on sales.

VAT Group Registration for VAT MOSS or OSS

Group registration for businesses using VAT MOSS or OSS, allowing them to collectively report VAT across EU member states.

Direct and Indirect Representatives for Non-UK Businesses

Appointment of direct or indirect representatives for non-UK businesses selling goods or services in the UK, responsible for VAT compliance.

VAT Flat Rate Scheme Registration

Registration for businesses with an annual turnover of up to £150,000 (excluding VAT) to simplify VAT calculations by applying a flat rate percentage.

VAT Annual Accounting Scheme Registration

Registration for businesses with an annual turnover of up to £1.35 million* (excluding VAT) to make advance payments towards their VAT bill.

Deadlines | Timelines

“Stay Penalty-Free: Ensure Your Quarterly VAT Returns Are Filed Within One Month and Seven Days.”

“Let Us Handle Your VAT Compliance: Keep Your Documents and Financials Ready for Timely Return Filing.”

Let Us Prepare HMRC-Compliant Invoices for You

Let Us Prepare Your Sales Tax Invoices While You Drive Your Business Forward.”

“Effortless Invoicing, Seamless Compliance:Trust Us to Handle Your Sales Tax Invoices with HMRC Precision.”

Ready made Customer-Centric Sales Tax Invoicing

Simplify Your Compliance with Our Mobile-Ready Solution

“Go Paperless, Stay Compliant: Submit Data Easily, Receive Accounting Reports on the Go!”

“Effortless Tax Compliance: Upload Images or PDFs, We’ll Handle the Rest!”

Don’t Overpay VAT

Your Optimal VAT Rate with Our Evaluation.

Let Us Assess Your Eligibility for Reduced and Zero-Rated Supplies.

Identify Opportunities for Reduced or Zero-Rated Supplies and Save on Tax.

Ensure Your Business Isn’t Overpaying VAT on Exempted Supplies.

Turn Expenses into Assets | Claim Your Input Tax

Claim Input Tax Credits Accurately and Efficiently with Our Expert Guidance.

Reclaim VAT on Expenses and Strengthen Your Financial Position.

Let Us Identify and Claim Every Penny of Input Tax Credits.

Why Choose Habib & Co.

“Empower Your Business: Easily Submit Data, Stay Compliant, and Access Reports Anytime, Anywhere!”

Expert in Cloud Accounting & Reporting !

Providing Business Consultancy, Incorporation Services and Taxation to the Various Clients of the UK, USA, UAE and KSA.

“Master Your Finances: Comprehensive UK CORPORATION TAX Solutions”

Documentation Required for Corporation Tax Filing:

Financial statements, including profit and loss account, balance sheet, and notes to the accounts.
Details of any adjustments to profits for tax purposes, such as depreciation, amortization, and capital allowances.
Records of any dividends paid or declared during the accounting period.
Supporting documents for any tax reliefs, allowances, or deductions claimed.

Practical Aspects:

Accounting Period: Understanding your company’s accounting period or basis period for corporation tax assessment.
Record-Keeping: Maintaining accurate records of income, expenses, assets, and liabilities for tax purposes.
Tax Planning: Strategically planning your company’s finances to minimize tax liabilities and maximize available reliefs and allowances.

UK Corporation Tax Services

At Habib & Co. we offer comprehensive corporation tax services tailored to your business needs. Our expert team ensures compliance with HMRC regulations while optimizing your tax position for maximum savings.

Filing Requirements:

Submission of corporation tax return (CT600) to HMRC, along with FS.
Ensuring timely payment of corporation tax liabilities.
Compliance with HMRC’s Making Tax Digital (MTD).

Deadlines:

Corporation tax return filing deadline: Generally within 12 months of the end of the accounting period.
Payment deadline for corporation tax liabilities: Typically 9 months and 1 day after the end of the accounting period.
Installment payment deadlines for large companies: Quarterly installments based on estimated profits.

Accounting Period or Basis Period:

Determining the accounting period for corporation tax assessment based on your company’s financial year-end date.
Understanding the rules for overlapping accounting periods and transitional provisions for changing accounting dates.

Exemptions, Allowability, and Disallowability:

Identifying potential exemptions and reliefs available for certain types of income or activities, such as research and development (R&D) tax credits.
Ensuring the allowability of expenses and deductions claimed against taxable profits, while understanding disallowable items, such as fines and penalties.

TESTIMONIAL

Hear what client are saying about Habibnco

"Habibnco. helped us streamline our financial processes and optimize our resources, leading to a significant increase in profitability. Their dedication and expertise are unparalleled."

Max Baxtron CEO Founder

"Working with Habib & Co. was a game-changer for our business. Their insights and strategic guidance have been invaluable in navigating complex financial challenges and seizing new opportunities."

Hannah Smith CEO Founder

I cannot thank Habibnco enough for their exceptional service and support. From tax planning to investment advisory, their team went above and beyond to ensure I had the guidance and resources needed to make informed financial decisions.

Colt D. Porter CEO Founder

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