Zahid Shah

Accounts Manager

Minicabride UK Limited • Tiempo completo

Aug 2024 - Present • 2 yrs

• Managing Value Added Tax (VAT) obligations, including registration, calculating VAT on sales (output tax), reclaiming VAT on purchases (input tax) through Xero, and submitting regular and quarterly VAT returns to HMRC. • Maintaining and record keeping of Sales VAT output and Expense VAT input invoices. • Calculating the company's taxable profits and preparing and submitting the annual corporation tax return (Form CT600) to HMRC. • Preparation of company annual and quarterly reports for quarterly and annual financial performance and financial position. • Submission of annual accounts and Confirmation statement to company House and ensuring that all necessary company information is filed with Companies House, including annual accounts, confirmation statements, and any changes to company details. • Annual Financial statement preparation for sister company based in Rawalpindi. • Annual Tax return filing for Pakistan base company. • Withholding tax deduction and quarterly filling Quarterly Return Filling of WHT (153(1) (a) (b), Rent (155), Salary (149), 236C/K. • Advising the company on tax-efficient strategies within the law, covering areas like corporation tax, VAT, and Capital Gains Tax. • Creating and managing annual budgets to project revenues and expenses and providing financial forecasting to help with business planning. • Variance Analysis by analyzing annual forecasted financials and actual results. • Managing Accounts Receivable and maintaining aged debtor report also tracing payments from customers and maintaining their accounts. • Handling communications and potential investigations from HMRC on behalf of the company.