From the tax year 2010/11 tax payers lose entitlement to personal tax allowances when overall taxable earnings reach £100,000. That means the marginal rate of tax between £100,000 and £112,950 is 61%!
Orange & Gold clients have the comfort that our system recognises when a client is approaching the ‘danger zone’ and alerts them early. We then have a window of opportunity to review the dividend plan for the remainder of the year and tax plan around this factor and the potential 50% tax rate at £150,000. How many contractor accountants are on the ball so early and so thoroughly?
We believe this is another high value-added service.
If you would like more information please call us on 0845 272 4009.