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CALCULATOR GUIDELINES

This calculator gives an indication of the tax advantages that could be achieved by running your own company.

As the Director and shareholder of your PSC you will be entitled to take a salary from your company and a dividend on a regular basis - determined by the profits made by your PSC.

Calculations are provided for illustration purposes only and assume the following:

  • Standard Tax Code (543L/1) 08/09
  • Minimum Wage at £5.52 per hour - Oct 2007
  • 6 hours worked per day
  • Genuine business expenses are incured and are off-set against company profits.

 

THIS IS ONLY A GUIDE

 
     
  To see demonstrations please click here
 
 

* These figures are for illustration purposes only. They are based on a standard 2008/2009 tax code of (543L/1) - personal circumstances and business expenses will alter this calculation.

Expenses assumed - 3 Days = £50.00

Expenses assumed - 4 Days = £75.00

Expenses assumed - 5 Days = £100.00

 

 
 
 
     
Full Limited Company Formation
Payroll
Company and Simple Personal Tax Returns
Annual Accounts / Year End
Routine Tax queries and Administration
Processing of Expenses
IR 35 Contract Reviews and Advice though PCG
VAT Returns & Registration
Company Secretarial Duties
Companies House Returns
Invoicing Services to your End User Clients
Payments to HMRC (Tax, NIC)
Day to Day assistance with your PSC
Corporation Tax Returns



 
 
 
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