Client Tax Savings Example

Last week we completed a set of sole trader accounts and tax return for a client who had previously done their own. They had never seen the point of using an accountant as they did not really make any money and did not need to pay any tax.

However, they had failed to implement claims they were not aware were available to them. As a result of Alexander Accountancy completing the 2014 return, not only do they still have no tax to pay from their 2014 sole trader business, but we have managed to get them a refund of over £1,700 from tax paid on other income.

Plus, we have put in a claim against their 2013 tax return which they completed and submitted themselves, and I will get them another refund from that of nearly £500.

That’s a total refund of over £2,200 and our fees worked out at less than 10% plus vat.

The client mentioned a local firm who do a tax return only service for £99 + vat and were surprised when we told them that our tax return only service is just £90 + vat, but we don’t advertise it. Although our fees are less than the ‘cheap fees’, we want clients who are interested in the quality of the service not the cheapest compliance solution.

For more information on tax returns and tax savings, speak to Burton’s Alexander Accountancy!