As widely expected a new rate of tax has now been introduced on personal income over £150,000 as from 6 April 2010. Also, the personal allowance for those people earning over £100,000 will be tapered down to nil as from 6 April 2010. Effectively then, once an individuals income reaches £113,000 they will completely lose the benefit of their personal allowance.
Any clients who have significant profits in their companies prior to these rates coming into force might like to think about drawing them out of the company so that they are only taxed at 40% or 32.5% on dividends.
Please do talk to us though before doing this though as sufficient profits must be left in the company to cover corporation tax and any liabilities.