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Incorporation Calculator

Calculator

Use this calculator to work out if you would be better off by running your business through a Limited Company.

ENTRIES ARE BASED ON ONE PARTNER OR SOLE TRADER...

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Optional Entries to get a more accurate result

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RESULTS IF A SOLE TRADER OR PARTNER

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RESULTS IF A LIMITED COMPANY

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Notes and Assumptions

This calculator relates to the 2016/17 tax year.

The benefits in future years my be increased by the decreasing rate of small companies corporation tax that is planned.

It is assumed all partners share equally in the profits, are liable to pay NI, would not be contracted out, have the same tax position and there is no other taxable income or tax deductible allowances apart from the basic personal allowance.

This calculator can only give a guide to potential savings but cannot cater for all situations. You must consult an accountant for specific advice in your own circumstances before taking any action.

There are also many other factors to take into account before deciding to incorporate, although tax savings are often an important consideration.

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