How we restructured a Blackburn wholesale family business for £9,000 saving
Client J runs a Blackburn food-wholesale and distribution business trading as a Ltd company, with family members working in the business. The structure hadn't been reviewed in years, the remuneration wasn't optimised, family roles weren't properly reflected in salaries and shareholdings, VAT on the mixed food range wasn't being handled efficiently, and there were no pension contributions.
We reviewed everything. We set the directors' salaries at the NIC-optimal level, structured dividends across the family shareholders reflecting their genuine roles, reviewed the VAT treatment of the mixed zero-rated and standard-rated food range, claimed the Employment Allowance, and set up employer pension contributions, documenting all the family roles properly.