The hidden 60% effective tax rate!

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One of the major tax implications for high earners is that you begin to lose your Personal Allowance if your ‘adjusted* net income’ is over £100,000— and the dreaded (but unofficial) 60% tax rate ‘kicks in’! Once your ‘Adjusted net … Continued

Dividends tax calculator

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Dividend tax calculator To use the ‘dividend tax’ calculator, simply click on the link below and enter in the amount of dividends you received in 2023-24 or expect to receive during the 2024-25 tax year (each tax year beginning on … Continued

Budget 2024 summary

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Tax cuts National Insurance cut by 2p Child benefit threshold raised from £50,000 to £60,000 Capital gains tax on property cut Tax relief for savers in new ‘British Isa’ Fuel duty frozen Alcohol duty frozen More ‘expensing’ relief for businesses Tax rises Tax perks for … Continued

Initial thoughts on the 2024 Budget

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Key points Regulation of the tax profession has started to become a reality. Abolition of non-dom tax status and furnished holiday lettings regime will create complexity. Increases to the income levels for the high income child benefit charge (HICBC) are … Continued

5 Star reviews

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Some fantastic ⭐️⭐️⭐️⭐️⭐️ reviews from a few great clients: https://www.yell.com/biz/ace-accounts-consultancy-chelmsford-8620401/