Enter your income and expenses — we'll calculate your likely tax bill, what to set aside each month, and warn you about payments on account before they hit.
Tell us about your self-employed earnings. Estimates are fine — you can refine as you go.
Your total invoiced or earned income before any expenses.
PAYE salary from an employer, if any. Leave at 0 if fully self-employed.
2024/25 runs 6 April 2024 to 5 April 2025.
VAT-registered? Your £85k threshold income should be ex-VAT.
Personal pension contributions reduce your adjusted net income and tax bill.
Tick everything that applies. These reduce your taxable profit — so they reduce your bill.
Anything not listed above — professional fees, subscriptions, specialist equipment etc.
HMRC allows expenses that are "wholly and exclusively" for business purposes. If something is partly personal, you can only claim the business portion. When in doubt, keep the receipt and ask your accountant.
Here's what HMRC will want — and what you should be setting aside each month.
A clear action plan based on your numbers.