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Archive | TaxPenny Blog

Tax Calculator Launched For Your Mobile

Saturday, March 27, 2010

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We have just launched our new mobile tax calculator - it is a fully functional mobile version of our popular website www.uktaxcalculators.co.uk. Due to the mobile nature of the new website we have added a few mobile specific features: Overtime Calculator - Just enter your hourly rate and the number of hours overtime at normal pay, [...]

How much do you need be paid to achieve your chosen lifestyle?

Sunday, March 21, 2010

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We have just finished our fully featured, reverse uk tax calculator for tax years from 2003 to 2010/2011. You just need to enter your chosen/required take home pay and select other options that are relevant to you, such as: whether you have student loan repayments would like to make pension contributions - salary sacrificed or otherwise your known [...]

Where Did My Tax Go?

Tuesday, March 16, 2010

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Have you ever wondered where did my tax go? Well, find out where it went over the last 8 tax years, at www.wheredidmytaxgo.co.uk. Give it a go! The tools uses data from the Public Expenditure Statistical Analysis (PESA) of government spending along with forecasts of future spending and divides up the percentage of central govenment spending against the [...]

Dividends vs Salary - Are Dividends Still The Low Tax Option

Thursday, March 4, 2010

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The examples below explore the tax efficiency of the different ways in which it may be possible to extract profits from your business. You have the options of: Operating as a Sole Trader (No limited liability, No shareholding ability). Incorporating as a Company (Limited Liability, Ability to hold shares). For illustration purposes, we will use a Gross Company Profit [...]

Corporation Tax Calculator

Thursday, February 25, 2010

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We have added a Corporation Tax Calculator to our Tax Calculator website. You can calculate from 2007/08 to 2010/2011. Just enter your gross profits and the calculator will deduce whether you are in the small companies rate band or main rate. If you are above the small companies rate, the calculator will apply small companies marginal relief.

Dividend Tax Calculator

Thursday, February 25, 2010

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We have added a Dividend Tax Calculator to our tax calculator site! Just enter the net dividend you are taking, and the calculator will give you the amount of tax to pay. This is updated for the 2010/2011 rates on dividends where there is an additional higher rate of 42.5% where the gross dividend is over £150,000.

Tax Code Help

Friday, February 19, 2010

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Following on from our earlier post about HMRCs error with tax coding notices here, we have added a tax calculator to help you check whether your tax codes are correct if you are working 2 seperate employments. The calculator will take your first and second job details to produce the individual taxation breakdown for their individual [...]

Tax Graph

Saturday, February 13, 2010

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We’ve added a tax graph to our existing tax calculator website. You can now see how taxation on any sum has changed over the last 7 years when calculating tax. Give it a try at our tax calculator!

Tax Answers Forum

Saturday, February 13, 2010

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We’ve added a new tax answers forum to our existing tax calculator website. It’s now quick and easy to post a tax related question or answer online. You don’t need to register and the site is really simple to use. Give it a try!

HMRC Announce Tax Health Plan - TaxPenny Can Help

Wednesday, January 13, 2010

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TaxPenny can help those affected by the "Tax Health Plan" announcement by HMRC. If you have had any secondary income that you have not declared fully within the last 20 years, get in touch and we can help you.