Tax Credits Calculator 

Do you advise your clients about Tax Credits?

Some of your clients may be entitled to the benefit of tax credits and with the new £50,000 AIA even more may suddenly find themselves entitled to claim. But you need to be proactive and plan! The updated 2020 Tax Credits Calcultors comprises two Excel tools:

• 2008/09 Actual v Provisional Calculator
• 2009/10 Provisional Claim Calculator

These tools have been developed in order to take into account complex scenarios and changes in circumstances that affect tax credits throughout the year.

Should I Incorporate? Calculator

Have you advised your clients about Incorporation? 

To make it easy for you to advise clients, we are pleased to announce the updated 2020 Should I Incorporate? Calculator.
Key features of the calculator are:

• 2009/10 tax and NI rates
• 2010/11 - 2011/12 tax and NI rates
  (based on known proposals - deals with restriction of personal allowances dependent on income , new higher rate tax bands in 2010/11 and 2011/12 , increases to NI contributions in 2011/12 etc)

Disincorporation Calculator

As tax bands converge and NI bands increase, the savings are becoming less and many businesses may now find it more advantageous to disincorporate and revert to a Sole Trader or partnership. Use the Disincorporation Calculator to assess the costs of disincorporation and any savings.
(Requires Should I Incorporate? to calculate some of the figures).