How we sorted a Snaresbrook barrister's self-assessment for £8,600 saving
Client B is a self-employed barrister living in Snaresbrook, practising from chambers. Their previous accountant had used the simple cash basis and hadn't claimed the full range of legitimate professional expenses, nor advised on pension planning to manage a strong-income year that pushed them into the additional-rate band.
We reviewed the position. We claimed the full range of barrister expenses, chambers rent and clerk fees, professional indemnity, Bar Council and Inn fees, robes and court dress, travel to court, professional subscriptions, CPD, books and a home study proportion. We advised on the income basis appropriate to their level, and made a substantial pension contribution to manage the additional-rate exposure and recover part of the tapered personal allowance.