How we saved a Poole company director £15,200 through proper structure and pensions
Client B runs a successful Poole-based marine and engineering company through a Ltd company, taking a high salary out of habit which triggered significant NIC, with no dividend planning and no pension contributions. His previous accountant hadn't reviewed the remuneration structure as the company grew, nor explored R&D relief on the technical development work.
We restructured and reviewed everything. We moved him to salary at the NIC-optimal level with the balance as dividends, set up substantial employer pension contributions (tax-deductible, using carry-forward of unused allowance), reviewed the capital allowances on the marine and workshop equipment, and assessed the technical development for an R&D claim.