Chartered Certified Accountants, 400 Cheetham Hill Rd
Cheetham Hill, Manchester, M8 9LE
Telephone: 0161 795 4555
Email: info@shafiqandco.com
Shafiq & Co Ltd
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Our Services



Shafiq & Co Ltd
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.







New business advisory service

The last thing you need when you are starting a new business is to worry about what you should be doing on the administration front. You really do need to concentrate on getting new customers through your door. There are all sorts of decisions to be made on the administrative front, and even penalties for failing to notify the relevant Crown Authorities when you should. So let us relieve you of the strain of meeting all of those obligations. What may seem a nightmare of red tape to you is fairly routine compliance work to us. We can also ensure you take advantage of the few tax concessions that exist, and make the correct tax elections for your situation.

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Audit and accounting services

We offer a complete accounting service from basic book-keeping right through to the preparation and audit of company financial statement for filing at Companies House. The HM Revenue and Customs are making increasing demands on businesses to produce and retain more detailed accounting records. They are also penalising those that fail to keep proper accounts. We make a point of guiding our clients in the areas they need to comply with, so that they do keep accurate and reliable accounting records with the minimum of work. If you want to spend less time preparing accounting records, then talk to us about how we can probably streamline your accounting and reporting system so you spend less time producing better accounts.

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Personal Self Assessment

It is a common misconception that individuals only have to submit a self assessment tax return if they receive one from HM Revenue and Customs. All individuals have a legal obligation to notify the Revenue about any additional taxable income they receive over and above their normal employment salaried income. We offer a quick and inexpensive service to prepare and calculate the tax you should be paying under self assessment. If completing your annual tax return is one task you really dread, then let us help you.

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Small business taxation

We are a nation of successful small business entrepreneurs. If you are one of them, make sure you receive the best tax planning advice. Timing and planning is all important, so you must be thinking months in advance for basic Income Tax planning, and several years for Capital Gains Tax.

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VAT and Payroll

VAT and your payroll are subject to a vast array of regulation that we appreciate can be very daunting to some people. We offer a competitive out-sourcing service that will relieve you of much of the worry about preparing the necessary transactional records and making the necessary monthly/quarterly returns for both payroll and VAT.

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Capital Gains and Inheritance Tax planning

The rules surrounding these two specialist taxes are complex and require careful planning if you are to minimise your eventual tax liabilities. Few individuals plan early enough for the inevitable event that may create a liability to Capital Gains or Inheritance Tax. Talk to us about the opportunities that exist to mitigate your tax position

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Company formation service

Forming a company is a relatively easy and inexpensive task for someone who knows what they are doing. We offer a comprehensive and professional company formation service, that does not stop at the point where we hand over a set of incomprehensible documents and say 'good luck'! If you need advice about what you are required to do in forming and running of your company, then talk to us.

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Business acquisitions and disposals

Thinking of buying or selling a business? Then this is one time when you will see immediate tangible benefits from contacting a professional firm of accountants before committing either way. There are many pitfalls for both sides of the buying and selling equation and we can help steer you through them.

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IT Accounting Consultancy

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. How often have you read, "using our accounting software is easy to use, and will save you time". What manufacturers don't tell you, is how long it will take you to set up the necessary administrative processes around your new software, to make it work in the first place. We have many years of experience in designing accounting systems for small to large businesses. You will save a lot of wasted time and effort if you consult us first.

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