Tools and Calcs

Take your practice to new heights with our tax tools and calculators to assist you whether you are a tax expert, accountant or business owner.Incorporation 4

"I want to say a huge thank you for putting together the Salary or salary plus dividend combinations calc. I spoke to you earlier today asking more about this particular calculator before we went ahead and subscribed and the calculator definitely did not disappoint". 

Calculation for Self Employed tax and NICs updated for Autumn Budget 2024.

Calculate Income Tax, Class 4 and Class 2 National Insurance (NICs) payable on profits from self-employment. How do you calculate tax and NICs on self-employed income?

You can compare this to our Salary v Salary & Dividend v Just dividend calculator.

Self Employment Income
Tax Year
Profit
Claim Personal Allowance
Calculator for the self employed

Assumptions:

NICs rates & thresholds

2024/25 uses NICs rates of 6% and 2% and assumes no Class 2 NICs.

2023/24 uses NICs rates 9% and 2%.

2022/23 is calculated here using the new extra 1.25% levy, plus we use the NICs thresholds which apply from 6 July 2022. 

If you are subject to Class 2 NICs, you are shown the liability for 52 weeks of the year.

A VAT calculator to calculate the amount of VAT charged on a net or gross supply of goods or supplies.

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Worried that the TAAR on liquidation might apply?

Have you used our TAAR on Liquidation Tool and are now wondering about Condition D: the tax avoidance motive?

Use this tool to 'test the waters' as to whether or not you have a 'tax avoidance' motive or not. This tool is in beta testing and any results it may produce cannot be relied on in evidence although they might provide you with some thoughts about tax avoidance motives.

Stamp Duty Land Tax (SDLT) Tool for individuals.  Property purchases before 1 June 2024.

If you are buying two or more properties in a single transaction use this tool to see if you meet the qualifying conditions and you may be able to claim both Multiple Dwellings Relief (MDR) and relief from the Higher Rate Charge.

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