We have updated our free tax calculator so you can see how much tax you will pay as a sole trader (self-employed) or by working through your own Limited company.
It is also clear how much tax you can save by operating through your own Limited company in the year. This is in addition to having the legal protection that a Limited Liability company can give you.
It is in the name – a Limited Liability company limits your liability to anybody or authority to the assets of the company.
Click the link to see the calculator: tax calculator 2015-16
Once you have checked how much tax you will have to pay then remember to save the money by the 31 January 2017.
If you need any help with filing your self-assessment or company tax returns then please contact Clearways Accountants on 01737 244298.