Steve met with an employed client who was under pressure to give away part of his bonus to help out his employer. This represented a change in his contractual terms, so Steve was able to utilise a couple of tax exemptions to eliminate tax and NIC on the full bonus.
The client received his full bonus and the employer saves over £80,000 by implementing Steve’s ideas.
Needless to say, both are delighted.
Many of you will know that Rachael, our Practice Manager, has been studying part time with The Open University for the last five years to gain a degree. She received her classification email recently and is ‘over the moon’ with the result, giving her a 2.1 in Business Management with leadership. We have benefitted over these past years from her input, as Numbers grew in size, but more importantly in expertise.
Sadly, because of the pandemic, she can’t have a graduation ceremony this year – hopefully we can post some pictures of a 2021 ceremony.
We are chuffed to bits for her – well done Rachael!