Abbi Becka Accountancy: Incorporation Calculator

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Incorporation Calculators

Choose the tax year
		£
Annual profit of the trade
PAYE Salary you would like to earn if you trade as a limited company (gross)
Your current employment income (gross)
Your current self-employment income
Gross savings income
Gross dividend
PAYE deduction (if you are currently being employed)




Trading as a limited company
	Desired Salary	Maximum Salary	Nominal Salary	Pure Dividend
	£	£	£	£
Company Salary
Company Dividend (Gross)
Employer NIC
Employee NIC
Class 4 NIC
Corporation Tax
Income Tax
Total Tax Deducted
Total Tax Payable (Recoverable)

Trading as a sole trader
	£
Class 4 NIC
Income Tax
Total Tax Deducted
Total Tax Payable (Recoverable)



Notes
The incorporation calculator above is intended to give you a very simplistic idea of the difference between trading as a sole trader and trading as a limited company in terms of tax liabilities, as well as illustrating the tax implications of different fund extraction strategies if you are to use a limited company. More information may be required for a fairer and more comprehensive comparison. There are a number of potentially significant factors, like the person's gender and age and the possibility that you may not withdraw all the funds available in your company for a variety of reasons such as company capital commitment in the future, which are not taken into account in the calculation above and might affect the result significantly if they were to be taken into account. Without loss of generality, if you are to use a limited company, the "nominal salary" option (paying yourself from your company a salary equal to the amount of the minimum National Insurance threshold) gives you the lowest tax liabilities. For men at 65 or over and women at 60 or over, as you are not required to pay National Insurance contributions once you reach your State Pension age, you may want to deduct any National Insurance contributions shown as "payable" in the calculation above from the "total tax payable (recoverable)" to get a more accurate comparison. Your personal allowance, however, may alter (increase in your favour) as a result of you reaching your State Pension age. The calculation above does not take account of Class 2 National Insurance contributions, which are payable by self-employed people at a rate of £2.50 per week for the tax year 2011-12.

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Give me an Offer Price

Step 1 - Give me an Offer Price

Type of your business*

Number of partners/directors*

Number of employees*

Number of transactions per annum*
(1000 per annum would be reasonable)

Your monthly fixed fee
(The price is exclusive of VAT) £ per month

If you like our offer price, please go to Step 2 - Your Contact Details.

Terms and conditions

Step 1 - Give me an Offer Price

Our offer monthly fixed fee is £ + vat a month, which covers a wide range of services such as:

monthly bookkeeping
payroll (if applicable)
VAT returns (if applicable)
annual accounts
tax returns
If you like our offer price , please go to Step 2 - Your Contact Details.

Otherwise, go back to Step 1 - Give me an Offer Price.

Step 2 - Your Contact Details

Name*

Business activity*
(e.g. Accountancy, Web Design)

Address

Town/City

Postcode

Telephone number*

Email address*

Back to Step 1 - Give me an Offer Price

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Read our Latest Blog

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