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Unincorporated profits

Unincorporated profits calculation

Calculating your personal liability to tax on your profits is not straightforward. The calculation starts with your business profits or share of partnership income which is then subjected to a number of adjustments, add backs and deductions.

This 2015/16 calculator uses current year tax rates to tax accounting profits made before 5 April 2016.

The tax and class 4 National Insurance liability is due for payment in two equal installments on 1 January 2015 and 1 July 2016. However, the payment you make on 1 January 2016 will also need to include any capital gains tax due for the tax year 2014/15.

Sounds complicated? Yes, it is which is why we recommend that you contact us if we have not already written to you confirming the amount of tax you are due to pay in 2016.

Please continue and enter values using the following options.

This is your annual profit for the account year ended before 5 April 2016.
e.g. Plant and machinery. Not property, goodwill etc
  1. Depreciation is one of those items in your profit and loss account that is not an allowable cost for corporation tax purposes.
  2. Tax relief is available for certain capital expenditure. This calculator only allows for capital expenditure incurred during the year you are looking at.

Corporation tax rates

Main capital allowances

Tax and the self employed

Tax and your share of partnership profit

Please note that the results you see on your screen are estimates only. If you wish us to look further you will need to contact us.

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"Steve is more than just an accountant he is an advisor who actually does the job. Rochesters have acted for us now for over 10 years and throughout that period Stephen has made sure that he has kept in touch with us and is up to date with what is happening in the business. This has enabled us to get the best advice we can for tax purposes and for the commercial operation of our business."

Mr Paul Easthope, Joint Managing Director, Eastwood Air Conditioning Limited

"Stephen and his team act for all our interest and throughout that period have resolved problems from the past and endeavour to provide advice for the present and the future. I wish them well."

Mrs June Jones, Financial Director, Express Polythene Limited

"Stephen, Peter and their firm Rochesters have been acting for our group of companies for over 15 years. Throughout that time they have given us a service that has ensured that we have complied with the laws of the land and at the same time provided advice on how to minimise our tax liabilities within the framework of the law. At all times they have shown integrity and a positive attitude to our business."

Mr Stuart Gleghorn, Joint Managing Director, Die-Pat Holdings Ltd

"Rochesters have acted as my accountants, auditors, and business advisers for many years. During that time they have displayed the utmost professionalism across all areas including personal taxation matters. They have provided proactive technical advice and assistance especially in areas of corporate taxation. Stephen and his team are always available at short notice, and I am certain that my business has benefited from my association with them."

Mr Frank Marks from Marks Insurance Consultants Ltd

"Maximum  have worked with Rochester’s now for the last couple of years and find the experience to be a pleasure. The service they provide has been flawless and as we, as a company have grown, the service they have provided has grown with us. I would recommend this company as a strong partner to any business at any stage, whether that be a small start-up business or a fully developed multinational."

Mr Peter McMullan from Maximum Group.Net

Rochesters have acted for over 15 years for the MCP Group and during that time they have carried out their compliance duties with the utmost professionalism and at times provided good sensible advice on taxation.

Mr Stephen Holley, Financial Director, Midland Chromium Plating Holdings Limited

Having been poorly treated by accountants for years, I decided to try and find a different solution. The introduction to Stephen Rochester in 2012 was a breath of fresh air.

He came to me with ideas, asked me questions that made me think and planned a solution both for the short and long term. No other accountant had ever done this before. I knew there and then that A successful partnership would form.

In 2014, the relationships I have with Stephen and the whole of his team at Rochesters are excellent and the service is world class! I have recommended their services to other businesses and friends and will continue to do so in the future!

If you are looking for a professional, proactive accountancy firm that will deliver and assist in the running of your business then look no further than Rochesters!

Mr Warren Groom, Director, Groomfield Recruitment Ltd

IRC Carocelle Limited have benefited from the high level of  professionalism offered by Rochester’s for many years.

Rochester’s personable approach to their client needs is a major factor in the success of the working relationship between our businesses

Stephen Rochester spearheads a vibrant and enthusiastic team of professionals, feeding off his wealth of knowledge and exceptional people skills.

It has been a pleasure dealing with Rochester’s through difficult economic circumstances, their financial strategic support being invaluable in maintaining a strong financial balance sheet for the business.  We look forward to further developing our successful working relationship through brighter economic times ahead.

Mr Stephen Holder from IRC Carocelle Limited


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