Tax Reduction Review

Most small business accountants are compliance-focused: they file your return accurately based on what you give them. What they rarely do is proactively look backwards at what could have been done differently — what deductions were missed, what timing decisions could have been made more efficiently, or what restructuring might have reduced the tax bill.

The Tax Reduction Review does exactly that. NVH undertakes a structured, systematic analysis of your last two years of filed accounts and supporting records. We look for missed allowable deductions — expenses that should have been claimed but weren't; timing opportunities — expenditure that could have been shifted between accounting periods to reduce liability; and structural considerations — whether changes to how you pay yourself, how costs are allocated, or how your business is structured might reduce your ongoing tax burden.

The review draws on HMRC's current guidance on allowable expenses, recent case law, and sector-specific reliefs that many generic accountants overlook. For example, for businesses operating from home, many fail to claim the full range of allowable home office costs. For product businesses, capital allowances on equipment are frequently under-claimed. For service businesses, training and professional development expenditure is often treated too conservatively.

The output is a written report — typically 5–10 pages — that details every identified opportunity, the estimated tax value of each, the basis for the claim, and the specific action required to realise it. We also highlight any forward-looking recommendations: things you should start doing differently from today to improve your tax position in future years.

The guarantee is simple: if our review doesn't identify at least £500 in potential tax savings — across the two years reviewed — we refund our £299 fee in full. In our experience, the review typically identifies significantly more than this, but we stand behind it absolutely if it doesn't.