We regularly work with our clients to help them to avoid paying unnecessary tax which can be a significant proportion of earnings.
There are many reasons why you might pay higher-rate tax, but there are equally as many opportunities to reduce your overall tax bill - too many to describe in a single example.
We regularly work with growing businesses which, whilst profitable, require cash to re-invest into the business. Initially, these businesses may be better run as a sole trader/partnership entity but there will be a natural point at which it is advisable to transfer the business into a limited company.
Getting the time right for the transfer to a limited company requires technical expertise and also an element of judgement - we recently helped a client to make such a change, thereby reducing his annual tax bill from £30,000 to £20,000 each year