Tax Credits Calculator

Do you advise your clients about Tax credits?

Can you afford to ignore the opportunities?

Some of your clients may be entitled to the benefit of tax credits. So to assist you and make it easy, we're pleased to announce the 2020 Tax Credits Calculator. It comprises two Excel tools:

• 2006/07 Actual v Provisional Calculator
• 2007/08 Provisional Claim Calculator

These tools have been developed in order to take into account complex scenarios and changes in circumstances that affect tax credits throughout the year.

We are aware of a sole practitioner increasing his fee income by 10%, (in excess of £10,000!), just from advising and assisting his clients with tax credits using the 2020 tool.

Should I Incorporate? Calculator

Have you advised your clients about Incorporation?

Like many accountants, you may have been waiting for the results of the recent budget before advising clients on whether to incorporate or not.

To make it easy for you to advise clients, we are pleased to announce the updated 2020 Should I Incorporate? Calculator.

Key features of the calculator are:

• 2007/08 tax and NI rates
• 2008/09 and 2009/10 tax and NI rates (provisional figures)
• Caters for personal pension and retirement annuity premiums
• Allows all income to be taxed at 40% rate
• Allows suppression of NI for those over relevant age limits

Also included is a comprehensive checklist of the many areas that need to considered before making the final decision to incorporate.