We recently started working with a married couple running a successful limited company, despite only forming their company two years ago.
They were making good money, but every month, whatever came in, went out. When the tax bill landed, it was always a shock. They felt like they were working hard but never getting ahead financially.
The Problem?
- No system for taking money out of the business efficiently
- No tax planning – so the Corporation Tax bill was always a nasty surprise
- They wanted to buy a house but struggled to show enough income
- They wanted to improve their lifestyle and needed an additional £3,000 per month personal income from their company, but their finances felt unpredictable
What We Did:
- Set up a structured way to take money out of the business, balancing salary, dividends and pension contributions to maximise tax efficiency.
- Created a tax reserve strategy so they weren’t caught off guard when bills were due.
- Planned their income properly so they could show enough on paper for their mortgage application.
- Helped them set business profit goals that allowed them to take home the income they wanted while still covering tax and business growth.
The Result?
- They now pay themselves £3K+ per month comfortably
- Their next tax bill is already planned for – no stress!
- Their mortgage application looks stronger
- They finally feel in control of their finances instead of constantly reacting to surprises
f you’re running a business but struggling to make your hard-earned cash actually work for you, we can help. Let’s get your finances working for your life goals – not against them.
Call The Accountancy Office on 01386 366741 or book a call for a time that is convenient for you.