Unincorporated profits | Cooper Dawn Jerrom Limited

Unincorporated profits calculation

This calculator uses 2020/21 rates to tax accounting profits in the accounting period prior to 5 April 2020.

Tax relief is available for certain capital expenditure. Please contact us to discuss the extent to which you are able to claim up to £1m relief on capital expenditure.

Profits

This is your annual profit for the account year ended before 5 April.

Profits (£): *

Profit in your accounts

The net trading profit was after charging depreciation of (£):

Capital assets (excluding cars) purchased in the year (£):

e.g. Plant and machinery. Not property, goodwill etc

Depreciation is one of those items in your profit and loss account that is not an allowable cost for income tax purposes. Tax relief is available for certain capital expenditure. This calculator only allows for capital expenditure incurred during the year you are looking at. While there is a £1m allowance for plant and machinery, your entitlement this year will be less. Please contact us to discuss the tax relief available on your capital expenditure.

The tax and class 4 National Insurance liability is due for payment in two equal instalments on or before 1 January 2021 and 1 July 2021. However, the payment you make on 1 January 2021 will also need to include any capital gains tax due for the tax year 2019/20.

Testimonials

"CDJ have offered us outstanding, friendly service. Excellent technical advice and are always there for us when we need them."

G S Phillips – Hertfordshire

"Having had an aversion to Accountants, it was so refreshing meeting Shama at CDJ. Dealing with her is a pleasure – she is quick to respond to any issues & has even made my end-of-year accounts nightmare turn into a dream."

K Fenton – London

"CDJ have an experienced and knowledgeable pool of talent and resources at their disposal. I would recommend both their private and business client services to anyone looking for a personal service in the minefield of tax management."

SyMec Limited - Norwood Green

“The service received is of the highest order - thorough, professional, timely, appropriate, clear, concise – and together with their personal service, makes CDJ excellent to work with and I would not hesitate in recommending them.”

Jason Sorrel - Network Intellect

“I found CDJ Ltd through their informative website, and from initial contact they have acted reassuringly positively in my business and private affairs. Having promptly understood the nature of my business and my immediate requirements.”

SyMec Limited - Norwood Green