A Tale of Two Actors
An internationally renowned actor came to us after having used a small accountancy practice for many years. We carried out a review of tax returns for the previous five years and with our foreign entertainment experience quickly established that as no claims had been made to obtain US tax credits we were able to submit a claim and within one week provided our client with a cheque for £300,000.
A well known actor appointed us as accountants after having used a small accountancy practice since the start of his career. We reviewed his overall accounts and were able to advise that his current tax structure was set up in such a way that a substantial amount of additional tax was being paid. We were able to structure his accounts so that future earnings would not be taxed excessively thereby saving him a considerable amount of money. In addition we were able to wind up existing structures in a tax effective way.