Limited Company or Sole Trader Tax Calculator
Calculate how much tax you will pay on your profits as a limited company versus as a sole trader
Use our free online limited company tax calculator to compare your take home pay as a limited company versus as a sole trader.
Estimate your annual profits to work out if registering your business as a limited company or as a sole trader is more tax efficient.
Or, if you’re already a sole trader, enter your annual profits to calculate the amount you might save by incorporating a limited company.
This calculator assumes that:
- Figures are based on a full tax year
- You are the only director of the company and will take a salary up to the National Insurance (NI) threshold
- You do not have any other income
- The profit amount is limited to the basic rate threshold, i.e. it is not possible to use it for amounts over the higher rate threshold
If you have more complex circumstances, then please talk to your accountancy or one of our accountancy advisers today by calling 020 3355 4047 or by pressing the Live Chat button.
What else is included in our accountancy packages?
If you have any questions about our services please call us on 020 3355 4047
Unlimited help and advice via Skype, email, phone, live chat or in person
Automated reminders for all of your important deadlines
Regular tax efficiency reviews to reduce your tax bill
Free representation in the event of a HMRC investigation
Proactive checks of your bookkeeping records on Pandle
Free review of your website and online marketing
A range of business guides and resources
Offices in London and Wirral for meetings with your accountant
Confirm Transactions
The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?
Please contact our sales team if you’re unsure
VAT Returns
It is unlikely you will need this service, unless you are voluntarily registered for VAT.
Are you sure this is correct?
Call us on 020 3355 4047 if you’re not sure.