How we saved a Sheffield studio £4,800 a year
Client S runs a creative studio in Sheffield city centre with a few staff and a mix of project and retainer work. Profitable but inefficiently structured, extracting everything personally, no pension, and the Employment Allowance and other reliefs unused.
Outcome: We restructured the remuneration, brought in employer pension contributions, applied the Employment Allowance against employer NI, and timed dividends across the year end. Around £4,800 a year saved and a studio now keeping a proper reserve.