How We Saved Our Client £6,000.
One of our clients working within the renewable energy sector had attempted to file their own tax returns. To their knowledge, they had filled out the forms correctly and was hit with a tax bill of just under £5,000!
The client thought that this was a bit high, so they made the wise decision to connect us. After a brief conversation with a Zooconomics accountant we were able to determine that the amount of tax they were being asked to pay was extortionately more than it should be.
After a further investigation and a brief look into the client’s finances, we were able to determine that the client had mistakenly put their company’s operating profits into the self-assessment form.
We revisited their self-assessment allowing the client to receive the £5,000 back, as well as over £1,000 returned in overpaid tax!
As you can imagine, they were extremely pleased with this result.