Entitled Less Tax, More Prosecco, the podcast dives into real-world stories, with case studies revealing how Chadwick’s has helped everyday entrepreneurs to save thousands in tax through strategic, legal and life-changing adjustments to their business setup.
Case one involved a sole trader becoming a Limited Company, resulting in an annual saving of £7,000.
“Our client is a hard worker, teetering just below the VAT threshold, but taxed at the highest rates and losing a significant portion of his earnings to National Insurance and income tax,” Rachael explains.
“By restructuring as a limited company and adding his wife as a shareholder, we helped shift income into a more efficient mix of PAYE salaries and dividends. The result? No NI, lower tax rates, and that annual saving: the equivalent of a luxury holiday every year. Beyond tax, the move simplified compliance, reducing the required financial reporting from five times a year to just once.”
In the second case, Chadwick’s advised on a strategic share reallocation for retiring consultants, saving them £12,500.
“This was a husband-and-wife consultancy team looking to wind down. The husband’s large pension had already pushed him into the higher tax band, yet the couple’s equal 50/50 share split meant dividends were unnecessarily taxed at the top rate.
"By revising the company’s articles of association and creating A and B shares, the dividends could legally be issued in the wife’s name instead, taking advantage of her lower tax bracket.”
Rachael closed with a rallying call to listeners: “If you’re grinding away, growing, or just trying to keep more of what you earn, it might be time to take a long hard look at your structure. And this could be the episode that changes how you think about tax forever.”
