| Input | Savings |

		(Leave Calculations)
Enter your details below,  press the CALCULATE button, then click on SAVINGS above to see the results
Enter Business name
Number of partners
(enter 1 if you are a sole trader)
Enter business profit
Profits		per partner			50000
The questions below are optional, enabling more accurate calculations.
Are the partners exempt from NI?					No Yes
Is all income taxable at 40%					No Yes
Tax on Benefits in Kind (eg Car)
Enter any amounts added back currently
as 'private proportions' eg motor expenses or telephone.
Enter number of companies
Retirement Annuity contributions (gross)
Personal Pension Contribution (gross)
Extra costs for running a limited company
(assumes £530 per annum but you may override)
Gross salary per individual
(assumes £5,225 but you may overide)

| Input | Savings |

	(Leave Calculations)
Should we incorporate our business?
Summary of position over five years					An Example
Years 1-5	Assume annual profit						100,000
Available per individual via Salary/Dividend Route							39,875.00
Available on Unincorporated Route							35,950.40
Saving p.a.							3,924.60
Total Saving over	5	years ( taking into account stated tax increases)							19,354.35
Total Saving over	5	years for all individuals							38,708.70
Additional Costs that will be incurred  (Per Annum)    estimate							530.00
(Accountancy, Companies House filing fee, etc.)
Additional costs over 5 years									3,180.00
Total Potential Savings over 5 years									35,528.70
Calculations from www.book-keeping.org.uk
Detailed Position
		Trader		Limited Company
		Individual		Salary			Dividend		Salary and
				Route			Route		Dividend
Profit each		50,000.00			50,000.00		50,000.00			50,000.00
Salary				44,919.15					5,225.00
Employers NI				5,080.85	50,000.00				0.00	5,225.00
Liable to Corporation Tax					0.00					44,775.00
Corporation Tax					0.00		10,000.00			8,955.00
Profit After Tax but Pre Dividends					0.00		40,000.00			35,820.00
Dividend (net)							40,000.00			35,820.00
Salary					44,919.15					5,225.00
Tax		11,414.40		9382.06			1,039.38		1,170.00
Class 4 NI		2,520.80
Class 2 NI		114.40
		0.00
				0.00			0.00		0.00
Employees NI				3,358.44					0.00
Total Deductions		14,049.60			12,740.50		1,039.38			1,170.00
Net Disposable Income		35,950.40			32,178.65		38,960.63			39,875.00
Saving/(Cost) compared to a Salary Route							6,781.98			7,696.35
Saving/(Cost) compared to an Individual Route					-3,771.75		3,010.22			3,924.60