Reply to: My new online tax calculator

[jamesbrown]

The registration threshold increased April 2012 to £77,000

Yep, did indeed...so that goes up along with the home office

[Sally@InTouch]

Looks nice. Couple of minor suggestions: the warning "VAT registration must be enabled as your turnover is over the VAT registration threshold (£73000)".

The registration threshold increased April 2012 to £77,000

[northernladuk]

I don't know what is worse ... you being wrong .... or you using the phrase "my bad"!!!!

The very foundation of my world is crumbling

LOL. It must be cool, it is on the Urban Dictionary innit.

[JamJarST]

Absolutely correct. My bad.

I don't know what is worse ... you being wrong .... or you using the phrase "my bad"!!!!

The very foundation of my world is crumbling

[northernladuk]

Actually £4 a week... They are not that generous!!!

Absolutely correct. My bad.

[legal]

Clever... Just a note.. Use of home office has gone up to £4 a day.

Actually £4 a week... They are not that generous!!!

[northernladuk]

Clever... Just a note.. Use of home office has gone up to £4 a day.

[legal]

This is very good tax calculator. I really like the PDF summary.

Many things got clear after looking at the PDF Summary.

Well Done!

Thanks

[Waldorf]

The NW one only has 10% of the features of the Inni one.
I find the comparison between umbrella, inside IR35, outside IR35, pointless.
I am the director of my company and that how it is, no need to compare..

10% - I see your maths is up to scratch.

The calculator gives you the monthly figures if you want, you just need to click on the detailed report button!

[lithium147]

month pay

Thanks for fast turn around on features, good work..

I like the monthly pay idea.

What I have just worked out for this tax year is:
- my PAYE per month
- my dividends per month
- partners dividends per month

So now I know what to pay myself (and partner) for the next 12 months. So I could setup standing orders..

Also, might good to know the remainder per month.
So then I can use this to consider how much is left for other things I am looking at:
- pension
- investment
- company car
- capital purchases

So then I will know how much I can spend safely in any month without causing company to go into debt.

T

[lithium147]

Seems a messy calculator in my view, this one is much easier to understand:

https://www.nixonwilliams.com/net_pay_calculator.asp

The NW one only has 10% of the features of the Inni one.
I find the comparison between umbrella, inside IR35, outside IR35, pointless.
I am the director of my company and that how it is, no need to compare..

[Waldorf]

Seems a messy calculator in my view, this one is much easier to understand:

https://www.nixonwilliams.com/net_pay_calculator.asp

[fatcat51]

Thanks for the props cojak

Filthy - no mobile version in the plan, not in my current skill set.

JB - yeh, out of UK services needs looking into. Will check home office.

Finally for Lithium: you can now select the tax year. There's a drop down in the company settings:

[jamesbrown]

Looks nice. Couple of minor suggestions: the warning "VAT registration must be enabled as your turnover is over the VAT registration threshold (£73000)" is fine, but the automated addition of VAT isn't appropriate when the income is out of scope of VAT - would be nice to have the warning while allowing to proceed without automatically adding VAT. Also, the "simple home office" allowance has gone up from 3*52=156 to 4*52=208, I believe.

[filthy1980]

dude that is a pretty damn awesome app!!!

any plans for a mobile version?