Business incorporation calculator
Where you run a business as a sole trader it might save tax and NI if you transfer it to a company. However, doing so has immediate and long term tax consequences.
When opening the file if you receive a warning that macros are "blocked" read the "Macro security" file that can be downloaded here.
Using the calculator
Our calculator works out the tax effects of transferring an unincorporated business to a company. It shows how much, if any, tax you can save on business profits. It also allows you to project both your and the company's tax and financial position in the four years following incorporation.
Related Topics
-
Back-door company loans - is there a problem?
You’re starting a new business in partnership with a colleague. If your existing business, which operates through a company, provides start-up cash in the form of a loan, are there tax consequences?
-
Welsh government considering future of multiple dwellings relief
In last month’s Spring Budget, the UK government scrapped multiple dwellings relief. Now, the Welsh government is considering a similar move. What’s the full story?
-
Put employment income through your company to save tax?
A colleague has suggested that you can lower your tax and NI bill if your employer pays your earnings to the company you use to run a part-time business. Is he correct?