How we cut a Harrow wholesaler's tax bill by £6,200
Client H runs a household-goods wholesale business off Station Road, supplying independent shops across HA1 to HA3. When they came to us they were filing through a high-street accountant who treated the company accounts and the director's self-assessment as two unconnected jobs, and never reviewed the salary and dividend split, the mileage across the supplier runs, or the stock write-downs sitting in slow-moving lines. Cash was tight despite decent turnover, and the January tax bill always landed as a shock.
Outcome: We rebuilt the year as one picture: an optimised salary and dividend mix, mileage and use-of-home properly claimed, obsolete stock written down correctly, and the company pension contribution used as a deduction. Combined tax saving of about £6,200 a year, a smoothed payment-on-account position, and a director who finally sees the company and personal tax as one plan.