How we saved a Motherwell engineering firm £6,000 a year
Client M runs an engineering subcontracting business in Motherwell, and as a Scottish-resident taxpayer faces the Scottish income tax bands, which bite earlier than the rest-of-UK rates. Their previous accountant applied a generic remuneration plan that ignored the Scottish bands entirely.
Outcome: We rebuilt the salary and dividend plan around the Scottish Rate of Income Tax, used employer pension contributions, and claimed the capital allowances on recent plant. Around £6,000 a year saved, with the plan built for the Scottish bands rather than against them.