This case study is an example of the cash saved by a client after instructing Practical Bookkeeping, Accounting & Taxation Services (PBATS), in Southend, to complete her tax return…
We prepared and submitted the 20/21 and 21/22 tax returns for our client as they had a mix of employment and self-employment income.
During the year 22/23 the client only had employment income. Becuase of this, they decided they would “have a go” at preparing the return herself. However, she asked PBATS to check it over before submitting it.
Our checks found:
a) The client had omitted pension contributions on her self-assessment, which would have saved her considerable tax.
b) The client had also not realised that her tax liability for 22/23 could be collected via her tax code via employment during the 24/25 tax year, easing her cashflow.
We revised the client’s tax return and made the resubmission to HMRC.
The client made significant tax savings and her personal cash flow improved considerably.