How we restructured a Walsall metalwork family business for £9,000 saving
Client J runs a Walsall metalwork and manufacturing business trading as a Ltd company, with family members working in the business. The structure hadn't been reviewed in years, the remuneration wasn't optimised, family roles weren't properly reflected in salaries and shareholdings, there were no pension contributions, and recently-bought machinery hadn't been reviewed for capital allowances.
We reviewed everything. We set the directors' salaries at the NIC-optimal level, structured dividends across the family shareholders reflecting their genuine roles, claimed the Employment Allowance, set up employer pension contributions, and claimed the capital allowances on the machinery that had been missed, documenting all the family roles properly.