Tax Comparison Calculator
Instructions
This calculator is designed to illustrate the potential savings or costs to be made by trading as a limited company rather than a sole trader.
- Click here and open file
- Select tax year and press enter
- Enter number of participants in the business i.e. 1 for sole trader or enter the number of partners if a partnership
- Press return twice, then enter profits per partner – Return
- Press return
- Click on Summary Sheet on the top left of the spreadsheet
- The figure at the bottom right is the Savings (or Cost) through trading as a company.
There are many other issues to consider when making the decision to incorporate. Please go to the ‘Should You Incorporate’ page for further information by clicking here.
