Tax Planning: Emma
My name is Azhar, and I’m the director at taXcellent. This account is based on a real life story of one of my clients. Hopefully it helps you picture how I can help you! Book in a call when you have made your decision.
Emma, the owner of a fast-growing tech consulting firm, approached me for guidance as her company expanded. She wanted to ensure her business and personal tax strategies were optimized while reinvesting in growth and enhancing employee benefits. Emma also wanted to explore charitable giving and whether her activities towards innovation could positively impact her company’s tax position.
During our initial meeting, Emma expressed concern that she might be missing out on tax-saving opportunities due to a lack of specialist knowledge. She was right—there was significant potential to refine her approach.
I started by conducting a comprehensive tax diagnostic review. During this process, I identified that her business qualified for Research and Development (R&D) tax credits due to its investment in developing a proprietary software solution. By claiming R&D relief, Emma was able to recover a significant portion of her eligible expenses, freeing up capital to reinvest in further innovation.
Next, we discussed her company’s commitment to supporting community initiatives. I advised Emma on how to structure a corporate charitable donation, which not only supported a cause she cared about but also reduced her Corporation Tax liability. By donating directly from the company, Emma maximized the tax benefits while reinforcing her brand’s commitment to social responsibility.
I also helped Emma restructure her personal and business finances for tax efficiency. By adjusting her salary and dividend mix and increasing employer pension contributions, she minimized her personal tax burden while boosting long-term savings. Additionally, I guided her in introducing a salary sacrifice scheme for her employees, allowing them to benefit from tax-efficient pension contributions and other perks.
The tax diagnostic review resulted in actions that Emma could easily implement herself, alongside specialist actions for taXcellent to manage.
With these strategies in place, Emma’s business was well-positioned for growth, her employees were rewarded with an improved benefits package, and her charitable donation created a meaningful impact—all while significantly reducing her tax liabilities.
At the conclusion of our work, Emma shared this testimonial:
“The tax diagnostic review provided by taXcellent has opened our eyes to numerous tax-saving opportunities we were previously unaware of. Their strategic insights and actionable recommendations have set us on a path to substantial financial improvement.”
Helping Emma unlock her company’s full potential through effective tax planning was incredibly rewarding, demonstrating how strategic advice can drive meaningful growth and financial success.