Business Tax Return Calculator
Calculate your business tax liability based on income, expenses, deductions, and tax rates. Understand how different factors affect your business tax return.
Step 1: Business Income & Expenses
Understanding Business Tax
Tax liability depends on your business structure, revenue, expenses, and applicable tax rates. Different structures (sole trader, limited company, etc.) have different tax rules and rates.
Step 2: Tax Details & Deductions
About Business Tax Deductions
Business expenses, capital allowances, and other deductions can significantly reduce your taxable income. Keep accurate records of all business-related expenses to maximize your deductions.
Business Tax Calculation Results
Estimated Tax Liability
Business Tax Rate Comparison
| Business Structure | Tax Rate Range | Typical Rate | Tax on £100k | After-Tax Income |
|---|
Tax Liability Analysis
Tax Calculation Formula
Taxable Income = Revenue × (1 – Expense%) – Additional Deductions
Tax Liability = Taxable Income × Tax Rate / 100
Business tax calculations vary by structure, location, and specific deductions. This calculator provides estimates; consult with a tax professional for precise calculations.
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