Discover how Sunita has more cash in her pocket
Discover how Sunita has more cash in her pocket
Sunita's tax strategy didn’t seem to have evolved along with her changing personal objectives.

Sunita had a profitable implant practice in the city generating approximately £400k p.a. She had a specialist accountant since she acquired the practice and her revenue had grown considerably since acquisition but her tax strategy didn’t seem to have evolved along with her changing personal objectives and the success of the practice; indeed Sunita felt as though she was only allowed to take out what the accountant ratified. Sunita and her husband were living off £100k p.a. which was scaring her a little as she wanted their two children to go to private school shortly.

After a consultation with Hive’s tax experts, Sunita and her husband were given an easy-to-understand picture of their strategic options. Primarily Sunita felt relieved that the funds were, in fact, accessible to her and Hive were able to build a bespoke plan for her to meet her objectives, including paying for the school fees.

Hive also identified an opportunity for a retrospective tax claim worth £50k.

The information contained in this article is based on the opinion of Hive Business and does not constitute formal tax advice. Any tax outcomes will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future. You should seek specific advice before embarking on any course of action. Hive Business does not provide regulated Financial Advice, including advice on investment, insurance or lending products or their suitability for you. This article is provided for information only and does not constitute, and should not be interpreted as, investment advice or a recommendation to buy, sell or otherwise transact, or not transact, in any investment including Bitcoin and other crypto. Any use you wish to make of any information contained within this article is, therefore, entirely at your own risk.

By Ross Martin Group Chairman
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