Stop Getting Caught Out By Unexpected Tax Bills
One of the biggest mistakes self-employed tradesmen make is treating all money in the bank as spendable income.
Then January arrives.
And suddenly HMRC wants thousands.
If you are self-employed, working CIS, or running your own trade business, you need to know exactly how much tax to put aside every month.
That is why I built this free Tradesman Tax Set Aside Calculator.
What Does The Tax Set Aside Calculator Do?
This simple spreadsheet helps you estimate how much money you should be saving for:
• Income Tax
• National Insurance
• Payments on Account
• Future HMRC tax bills
Instead of guessing, you can build the habit of setting tax money aside as you earn.
Exactly how every successful self-employed tradesman should operate.
Why So Many Tradesmen Get Tax WrongI have worked around the trades for over 30 years and I have seen the same pattern repeatedly.
A tradesman has a busy year.
Money is coming in.
The van gets upgraded.
New tools get bought.
Lifestyle improves.
Then the tax bill lands and there is not enough money left to pay it.
The problem is not earning too little.
The problem is poor planning.
Who Is This Calculator For?
This calculator is useful if you are:
• Self-employed electrician
• Self-employed plumber
• Self-employed builder
• Sole trader subcontractor
• CIS worker
• Tradesman running a small business
If tax planning stresses you out every January, this tool will help.
Download The Free Tradesman Financial ToolkitThe Tax Set Aside Calculator is included inside my full Tradesman Financial Toolkit.
You will also get access to:
• Day Rate Calculator
• Job Profit Checker
• Break Even Calculator
• Cash Flow Forecast Planner
• Apprentice Cost Calculator
• Annual Tax Planning Dashboard
• Tradesman Net Worth Tracker
Enter your email below and I will send you the full toolkit instantly.
Want a quick estimate instead? Try my instant Tradesman Tax Calculator here.
Related Guides
If tax is something you struggle with, these guides will help.
• How Self-Employed Tax Works For Tradesmen In The UK
• Payments On Account Explained For Tradesmen
• The Most Common Tax Mistakes Self-Employed Tradesmen Make
• What Happens If You Don’t Pay Your Tax As A Tradesman
Good tradesmen work hard.
Successful tradesmen manage money properly.
Do not wait until the tax bill arrives.
Plan ahead.
What Happens If You Don’t Pay Tax
Leave a Reply