You are now in: Services -->
Specialist Tax Advice - Case studies and examples


96% takehome 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% takehome.

Interested? Email us now! info@vowles.co.uk

High earning individual gets paid £135,000!
We worked with this high income client and with the help of our specialists set up a tax mitigation investment for him. As a result of which he is about to get slightly in excess of £135,000 paid to him by the taxman.

And another client had over £87,000 and is waiting to get a further £60,000

And another had a cheque from the taxman for over £90,000

These are brief examples of the sort of specialist tax advice we have already been involved in … and can help you with:

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 and 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 about the status of their subcontractors as employees or subcontractors. Having spoken to the business and looked at the circumstances we said that they had a good case to argue and did they want us to do the arguing? They asked for us to take over the argument … and the result? Well, we won the argument 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 all the 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 my 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.

Whilst most people’s tax affairs are straightforward, there are always a few who have more complicated circumstances or a particularly complex transaction.

One of the reasons why you should ask us for advice is that we have such a wide knowledge of tax, regulations, law and business. Which means that we can look and think about you in a holistic way to arrive at a great solution.

 
Helping to Change The Numbers That Are Important To You
 

The information in this site is of a general nature and is not a substitute for professional advice. You are recommended to obtain specific professional advice before you take any action. © Jonathan Vowles Chartered Accountants. All rights reserved.

Home | About | Contact | Services | News | Resources | Site Map | Disclaimer | Help

114 High Street, Cranfield MK43 0DG | T: +44 1234 752566 | F: +44 1234 752577 | E: info@vowles.co.uk