How we structured a Queen's Park TV producer's affairs for £10,600 saving
Client M is a Queen's Park television producer working through a Ltd company on freelance production contracts, with occasional PAYE roles on larger broadcaster productions and some format royalty income. The income streams weren't coordinated, the company remuneration was inefficient, and IR35 hadn't been assessed on the production contracts.
We reviewed and coordinated everything. We assessed and documented the IR35 status of the production contracts (most genuinely outside given the project-based, multi-client nature of the work), optimised the company remuneration to salary at the NIC-optimal level plus dividends, set up an employer pension contribution as an efficient extraction, ensured royalty income was reported correctly, and made sure the PAYE production roles combined without over-taxing.