Tax Planning
A new client came to see us particularly concerned about an expected upcoming tax bill, for both himself and for the company. He was estimating £25,000 for the company, and approximately £10,000 for his personal tax. This was a fantastic challenge for us to explore the possibilities of what could be done in terms of the time frames which were available. Numerous ideas were discussed in the office, and with some research, we were able to come up with a solution which resulted in the client receiving a tax rebate of nearly £9,000 (as opposed to paying £10,000), and the company tax liability down to £9,000. This is definitely one of our favourite client meetings to have, letting the client that actually we have exceeded expectations by a staggering £35,000!