What is Tax Filing?

Tax filing refers to the process of preparing, submitting, and reporting your business’s financial and tax information to government authorities, such as the IRS in the U.S. or HMRC in the U.K. The filings reflect your income, expenses, and tax liabilities for a given fiscal year.

Proper tax filing helps authorities determine your company’s tax obligations and ensures your business remains in good legal standing.

Why Tax Filing is Important

Timely and accurate tax filing is crucial for several reasons:

• Avoid Penalties & Fines – Missing deadlines or submitting incorrect returns can result in significant penalties.

• Maintain Good Standing – Ensures your business stays legally recognized and compliant.

• Financial Transparency – Provides clear records for investors, banks, and auditors.

• Business Growth – Proper tax planning helps optimize finances and plan for future growth.

• Compliance with Global Standards – Critical for international entrepreneurs operating across borders.

Who Needs Tax Filing Services?

• LLCs, Corporations, and Partnerships in the U.S.

• Limited Companies (Ltd) in the U.K.

• E-commerce and online sellers on platforms like Amazon, Walmart, and TikTok Shop

• International business owners who must comply with U.S. or U.K. tax regulations

• Startups and growing businesses looking for accurate tax reporting and planning

How iFiler Helps

At iFiler, we provide end-to-end tax filing services for businesses, ensuring full compliance and minimizing errors. Our services include:

1. U.S. Tax Filing

• Preparation and submission of federal and state tax returns

• Handling corporate taxes, franchise taxes, and income taxes

• Filing forms like 1120, 1120S, 1065, depending on your business type

• Ensuring compliance for both resident and non-resident business owners

2. U.K. Tax Filing

• Preparation and submission of Company Tax Returns (CT600)

• Filing Corporation Tax and VAT where applicable

• Compliance with Companies House requirements for financial statements

• Support for HMRC audits and inquiries

3. International & E-Commerce Support

• Guidance for cross-border tax obligations

• Integration with EIN, ITIN, and bank account setup for proper reporting

• Assistance for e-commerce sellers with marketplace tax requirements

4. Ongoing Support

• Tracking deadlines and sending reminders to prevent late filings

• Assistance with tax extensions and corrections

• Consultation on tax planning and optimization strategies

Documents Required

To file your taxes, you typically need:

• Company formation documents (Articles of Organization / Certificate of Incorporation)

• EIN (U.S.) or UTR/CRN (U.K.)

• Financial statements and accounting records

• Invoices, receipts, and expense records

• Past tax returns (if applicable)

iFiler ensures all documents are accurately prepared and compliant with local regulations.

Benefits of Using iFiler

• Accurate and timely submissions to avoid penalties

• Expert knowledge of U.S. and U.K. tax systems

• Support for resident and non-resident business owners

• Integrated services including EIN, ITIN, banking, and compliance filings

• Peace of mind knowing your taxes are professionally managed