Case Study: How an E-Commerce Business Reduced Its Tax Bill by £10,000
One of our clients, a South London-based e-commerce business, was struggling with high tax payments. After a full tax review, our team implemented key strategies that led to significant savings. Here’s how we did it.
Challenges Faced:
Solutions Implemented:
With these adjustments, the business successfully saved £10,000 over the tax year, improving overall cash flow.
If your business is overpaying on taxes, let UMC Accountants conduct a free tax review and help you maximise your savings.
Challenges Faced:
- The business wasn’t utilising all allowable deductions.
- VAT compliance errors led to unnecessary overpayments.
- Payroll structure wasn’t tax-efficient.
Solutions Implemented:
- We identified unclaimed expenses worth £5,000.
- Adjusted VAT filings to recover £3,000 in overpaid taxes.
- Restructured director remuneration, saving an additional £2,000.
With these adjustments, the business successfully saved £10,000 over the tax year, improving overall cash flow.
If your business is overpaying on taxes, let UMC Accountants conduct a free tax review and help you maximise your savings.
