A limited company tax calculator spreadsheet enables you to calculate your taxes for the previous tax year and plan your taxes for the current year.
As it is an excel spreadsheet (or Google sheet) you can easily link your workings to the file and you have a permanent record of your finances.
The spreadsheet calculates corporation tax, employer and employee national insurance, and taxes on dividends. You can view the calculations to verify the numbers are correct.
You can also compare limited company taxes against those of being self-employed to see which structure is best for you. You can also view the impact on your finances of making pension contributions.
The right decisions around the salary you pay yourself or the amount of dividends you pay yourself and easily save you hundreds of pounds in tax.
At just £5 this is great value. Not suitable for the Scottish tax system.
Feedback on my income tax calculator, also available here.
A limited company tax calculator spreadsheet is better than a website as it will store your data permanently, you can compare scenarios side by side, you can view the underlying calculations and you can integrate the dividend data with the rest of your financial affairs to calculate your personal taxes.
Instructions are provided within the file.
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