Incorporaton Calculator & 2016/17 Dividend Tax Calculator Allows calculation of tax on profit and dividends
The Incorporation Spreadsheet created by Practice Track is an Excel spreadsheet which shows the tax savings that are available to sole traders and partnerships if they chose to incorporate. It can also be used for incorporated clients to compute the taxes payable under the new dividend regime.
It is therefore a useful tool to use for planning purposes for clients who are already incorporated and can reinforce the point to many clients that they are still saving tax by being incorporated.
It also caters for salary and dividend profit distribution between multiple director-shareholders (up to six).
The detailed output sheets are not password protected so you can insert extra calculations or override the formulae if you wish.
This calculator will help you to work out if you will be paying extra tax and how much more you could be paying in 2020 when the new rules are fully phased in.
Dividend Tax and Income Tax Calculator created by http://www.itcontracting.com
From April 2016, the way dividends are taxed is changing. This calculator will show you how much more tax you will pay when the new rules come into effect.
Next tax year, dividends tax will no longer include a tax credit. Instead, after including a £5,000 ‘dividend tax allowance’, all dividends will be taxed at 7.5%, 32.5% and 38.1% (basic, higher and additional bands). Almost all company owners will pay more tax as a result. You can read the full details here.
Wizard Allows calculation of multiple income sources
The Tax Wizard calculates all taxes and national insurance contributions for PAYE, Self Employment, Dividend, Capital Gains and Savings Income.
Payslip Cumulative tax calculation to check or estimate a payslip
The Payslip Calculator can accurately calculate your payslip income tax, national insurances and other deductions by cumulatively calculating taxes.
Dividend v Salary Compare the percentage of tax taken.
Income Tax Check take home pay, optionally check overpayment or underpayment of tax
The Tax Calculator is the most comprehensive PAYE, CIS, Self Employment, Dividend, Corporation, Capital Gains and Multiple Income Tax Calculator on the Internet. We have numerous tools available to simplify tax for everyone and make your tax planning that little bit quicker!
CIS Company Invoice Template with CIS and VAT Calculation built in.