A Client Saved £40,000 Through Zooconomic Accountants
One of our clients was able to save a sizable chunk (nearly 75%!) of their tax return by contacting us. The client works as a Risk Management Consultant within the financial sector. Because of their experience and knowledge within the industry, they made a significant profit for the year.
During the year, our client had taken £100,000+ as salary and dividends. They were originally going to register this through PAYE; a huge mistake as this would have cost them just under £50,000 in tax.
The client contacted us with advice on what to do with this unreasonably high sum.
By combining the client’s salary and dividends, our accountants were able to work out the most efficient way for our client to pay themselves. We were able to lower the tax they paid to just over £10,000; nearly a £40,000 difference! It’s smart savings like that that shows just how efficient and economical a Zooconomic accountant can be.