Success Stories
Here Is A Random Selection Of Some Recent Tax Case Studies
For confidentiality reasons, we cannot reveal the identities of these clients on the website and we do respect our clients’ wishes and privacy. However if you want to speak to any of the clients, we'd be more than happy to give you the contact details, once we have agreed to go ahead.
Effective Planning Saves £475,000 Capital Gains Tax
We had an enquiry from a business owner who had received an offer of a million pounds to sell an asset owed by his limited company.
He was looking at a total tax bill of around £475,000.
By making use of one piece of tax legislation, we were able to get the asset out of the business into another structure and sell it completely TAX FREE.
Challenge to HMRC Saves £11,142 PAYE Tax
One of our paye clients had a £27,855 benefit from his employers which was correctly disclosed on his P11D.
Upon examining the benefits in detail, it was evident that the benefit qualifies for a special relief and therefore not taxable.
We successfully challenged HMRC on this, got our client’s tax coded amended and secured him a tidy refund of £11,142.
Small Business Owner Reduces Income and Corporation Tax By £18,355
One of our new clients (company director) has been paying himself a combination of salaries and dividends. What he wasn’t aware of was that there were over 17 ways he could remunerate himself tax efficiently.
By restructuring his remuneration package correctly, he has now saved £18,355 in both income and corporation tax.
An Accountant Reduces His Tax By £4,579
One of our accountancy clients recently contacted us about reviewing his tax calculations which was showing a tax of £11,070. By maximising various reliefs for him, we got the tax down to £6,491.
Challenge to HMRC Assessments Turns £11,050 Tax Payable Into A £505 Refund
A panicking and stressed tax payer called us about HMRC's aggressive demand for £11,050K tax after a tax enquiry.
Upon reviewing his case, we were able to claim various reliefs and secure him a £505 refund.
Property Investor Get Tax Relief For Her Private Mortgage Interest and Saves £1,055 in tax
One of our property investors was able to use specific tax rules (which the Revenue actually endorses on their website) to refinance her buy to let property, use the money to reduce her private mortgage and secures a tax relief on the interest of the loan. (some accountants will tell you that the extra borrowing must be used on the buy to let in order to claim the interest. Not entirely true.)
HMRC Backs Down On Their Claims And We Secured £6,000 Tax Rebate For Our Client
HMRC claimed that one of our clients couldn't certain expenses were not allowed under the law. Upon reviewing the legislation, we found that the law has been misinterpreted. We secured a £6,000 rebate for our client.
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