Specialist Tax Advice
Jonathan Vowles Chartered accountants are Tax Saving Specialists. And we are not just saying that. Below are some brief examples of the specialist tax advice we have already been involved in … and can help you with:
96% take-home pay on Bonus
We worked with a successful company to pay out a bonus to three senior staff members – It didn’t cost the company anything extra to pay the bonuses out as part of a tax strategy … and the individuals got about 96% take-home. For another company the two directors shared a £10,000 … at about 96% take home!
Interested? Email us now! firstname.lastname@example.org
High earning individual gets paid £135,000!
We worked with this high income client and with the help of our specialists a tax mitigation investment was set up for him. As a result he got slightly in excess of £135,000 paid to him by the taxman.
And another client had over £87,000 and another £60,000; another had a cheque from the taxman for over £90,000!
Tax relief when purchasing a building
We helped one of our clients to claim tax relief following the purchase of a building. Preparing the claim for relief required the use of a specialist consultant but it only took just over a month to prepare and submit the claim … but the real winner was the client. Because the claim was for tax relief on 26% of the purchase price of the building.
Tax relief on a company investment that went bad
One of our clients was part of a consortium that invested into a deal that purchased a failing company. Obviously they hoped to turn it around, but it didn’t turn out that way… so we helped to commiserate with him by claiming tax relief on his investment, getting 40% of it back as a tax refund.
When the taxman wants six years worth of tax plus penalties and interest because he thinks your subcontractors are actually employees, what do you do?
Well for this business the answer was to call on us for help! Their own accountants had suggested giving in to the taxman and paying the money (about £18k per subcontractor!), but the client asked us for a second opinion! After speaking to the business and looking at the circumstances we believed that they had a good case to argue and did they want us to fight the case? They asked for us to take over the argument … and the result? Well, we won the case and the client didn’t have to pay all that money after all!
Do you speak IR35? We do!
One of our clients was a contractor and when he changed contracts he sent us his new contract to review. We really weren’t impressed with the new contract and asked if we could change it … this led us into discussions with his agency and we ended up helping to re-write the master contract used for the entire agency’s staff. So not only did our client get a good result, but so did the Agency.
International tax refunds
Another of our clients is Canadian, but he was employed by a UK business and had UK payroll tax deductions made from his pay. With the assistance of our Canadian partners we sorted out his Canadian tax returns, but the real high was that we were able to get his UK payroll tax deductions refunded… and as the refund claim was backdated for a couple of years it was quite a substantial amount.
A different client was a UK resident, but employed by a German business. We completed his UK tax return and then liaised with his German accountant to arrange a refund of German tax
Get In TouchJonathan Vowles
114 High Street
Tel: 01234 752 566
Fax: 01234 752 577
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