{"id":7185,"date":"2021-03-16T09:44:00","date_gmt":"2021-03-16T09:44:00","guid":{"rendered":"https:\/\/qxaccounting.com\/uk\/?post_type=casestudies&#038;p=7185"},"modified":"2025-08-11T17:13:03","modified_gmt":"2025-08-11T17:13:03","slug":"improved-tax-season-profitability-by-33-resulting-in-a-net-profit-of-70000","status":"publish","type":"casestudies","link":"https:\/\/qxaccounting.com\/uk\/case-study\/improved-tax-season-profitability-by-33-resulting-in-a-net-profit-of-70000\/","title":{"rendered":"Improved tax season profitability by 33%, resulting in a net profit of \u00a370,000"},"content":{"rendered":"\r\n<section class=\"csdetnagative\">\r\n  <div class=\"container\">\r\n    <div class=\"csdetbox1\">\r\n      <div class=\"row pb-3 pb-md-5\">\r\n      <div class=\"col-md-6 col-xxl-7 se-style1\">\r\n      <h2>Client overview<\/h2>\n<p>Founded in 2007, our client is a Surrey-based Specialist Accountant for Contractors and Freelancers offering a Limited company (PSC) service.<\/p>\n<p>They chose QXAS to delivery 700+ tax returns from October 2017 to January 2018. This led to an increase in net profit by \u00a370,000 and a faster turnaround time.<\/p>\n      <\/div>\r\n      <div class=\"col-md-6 col-lg-5 offset-lg-1 col-xxl-4 offset-xxl-1 text-start text-md-end d-md-block d-none\">\r\n        <img decoding=\"async\" src=\"https:\/\/qxaccounting.com\/uk\/wp-content\/uploads\/sites\/2\/2025\/03\/Improved-tax-season-profitability-by-33-resulting-in-a-net-profit-of-70000.png\" class=\"img-fluid\" alt=\"\"\/><\/div>\r\n      <\/div>\r\n      <div class=\"row\">\r\n        <div class=\"col-md-6 col-xxl-7 se-style1\">\r\n        <h2>The challenge<\/h2>\n<p>Our client came to us in October 2017 looking to file 700+ tax returns for its Contractor clients over a period of four months. With such a high-volume of work coming in during the busy season, our client wanted to protect its in-house staff from fatigue.<\/p>\n<p>According to our client, \u201d In the past, I have tried to deal with the tax return rush in-house, but as I had a high volume of tax returns to complete this year, this approach was creating serious problems in my workforce\u2019s productivity.\u201d<br \/>\nAnd with half their contractors filing taxes for the first time, our client had to first register them with HMRC and then file their tax returns. With a small internal tax team, they did not want to recruit additional internal resources to deal with the rush and decided outsourcing was the right solution.<\/p>\n      <\/div>\r\n      <div class=\"col-md-6 col-lg-5 offset-lg-1 col-xxl-4 offset-xxl-1 text-start text-md-end\">\r\n      <div class=\"csdetbox2\">\r\n        <h3>AT A GLANCE<\/h3>\n<h4>Improve tax season profits by 33%<\/h4>\n<h5>Using QXAS, our client was able to:<\/h5>\n<ul>\n<li>File 700+ tax returns over 4 months Achieve a net profit of \u00a370,000 over the tax season<\/li>\n<li>File tax returns with 100% accuracy<\/li>\n<\/ul>\n<\/div>\n      <\/div>\r\n      <\/div>\r\n      <\/div>\r\n    <\/div>\r\n  <\/div>\r\n<\/section>\r\n\r\n\n\n<section class=\"csdetbox3\" style=\"background:#2B0A5B\">\r\n  <div class=\"container se-style1\">\r\n    <h2>The solution<\/h2>\n<p>Having chosen QXAS to deal with the tax returns, our clients moved rapidly to start using our service. In order to ensure the timely completion of 700+ tax returns, we appointed a dedicated Account Manager and collected their clients\u2019 tax details using a customised tax checklist. Once we had the data, our team of three tax professionals started to work on two simultaneous processes:<\/p>\n<ol>\n<li><strong>Register new contractors with HMRC<\/strong><br \/>\nWe immediately started enrolling new contractors for HMRC\u2019s self-assessment service at the Government Gateway. Upon receiving the UTR code, we registered the contractors and started filing their tax returns.<\/li>\n<li><strong>Start filing tax returns<\/strong><br \/>\nOur tax team started completing 5-8 tax returns a day using CCH software. Each completed tax return was provided in a PDF format via our secure online portal so our client could review them before we filed with HMRC.<\/li>\n<\/ol>\n<p>Overall, we completed\u00a0<strong>40-50 tax returns a week<\/strong>, and filed all\u00a0<strong>700+ tax returns<\/strong>\u00a0before the January 31 deadline. With tax returns being filed for\u00a0<strong>\u00a355 per tax return<\/strong>, we drove their tax season<strong>\u00a0profitability by 33%,<\/strong>\u00a0resulting in a\u00a0<strong>net profit of \u00a370,000<\/strong>.<\/p>\n  <\/div>\r\n<\/section>\n\n<section class=\"csdetbox4\" style=\"background:#ffffff\">\r\n<div class=\"container se-style1\">\r\n  <h2>How we helped<\/h2>\n<ul>\n<li>700+ tax returns filed over four months<\/li>\n<li>Net profit of \u00a370,000 over the tax season<\/li>\n<li>Filing accuracy of 100%<\/li>\n<\/ul>\n<\/div>\r\n<\/section>\n\n\r\n<section class=\"csdetbox5\">\r\n<div class=\"container\">\r\n<div class=\"row justify-content-center\">\r\n<div class=\"col-lg-10 col-xxl-9\">\r\n<div id=\"recommendation1k\" class=\"carousel slide carousel-fade recommendation\" data-bs-ride=\"carousel\">\r\n<div class=\"carousel-inner\">\r\n<h4>Recommendation<\/h4>\r\n\r\n         <div class=\"carousel-item active\">\r\n            <p>\u201cQXAS has the technical capability and understanding of complex tax issues to make sure we could meet the tax return deadlines for our clients. They are very responsive, so when I call them I get immediate answers. They filed 700+ tax returns with HMRC over a short period, and drove my profitability by \u00a370,000 over the tax season! Our clients are very happy with the service we provide, and we have QXAS to thank for that!\u201d<\/p>\n<h5><strong>Owner, Surrey based Accountancy Practice.<\/strong><\/h5>\n          <\/div>\r\n      \r\n<\/div>\r\n<div class=\"carousel-indicators carousel-recommendation\">\r\n               <button type=\"button\" data-bs-target=\"#recommendation1k\" data-bs-slide-to=\"0\" class=\"active\" aria-label=\"Slide 0\"><\/button>\r\n\r\n           \r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/section>\n\n<section class=\"csdetbox7\">\r\n    <div class=\"container\">\r\n        <div class=\"row justify-content-center text-center\">\r\n            <div class=\"col-lg-9 col-xxl-8 position-relative z-1\">\r\n                <h3>SCHEDULE A NO-OBLIGATION CONSULTATION<\/h3>\r\n                <a target=\"\" href=\"https:\/\/meetings.hubspot.com\/pramith?uuid=94736084-ae0a-4029-8b17-f33e93039142\">Request Pricing<\/a>             <\/div>\r\n        <\/div>\r\n    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