Free Accounting Software

Free Accounting Software is a free online accounting tool for small businesses to manage their accounts.

Accounts, in their simplest form, are a series of transactions made up of equal and opposite debits and credits which balance.

For example the accounting for a transaction such as a cash sale of £100 would be:

Debit Cash £100
Credit Sales £100

Our internet based accounting software package keeps things simple and builds up the debit and credit transactions to form the trial balance, profit and loss statement and balance sheet.

The real advantage of web based accounting software is the ability to log in from anywhere with an internet connection.

Inheritance Tax Calculator

Inheritance Tax Calculator is a free online tool to estimate and calculate inheritance tax payable on an estate. For the 2008/2009 tax year it sums the assets and liabilities of an estates, factors in either the tax free allowance for a single person or a married couple and then estimates the tax payable.

Company Tax Calculator

Company Tax Calculator is a free online tool to calculate company tax and corporation tax. For the 2008/2009 tax year it makes an indicative estimate of the tax charge a company will be liable to pay based on profits chargeable to corporation tax. The calculation involves charging a percentage tax rate to the tax band that the company's profits falls in and applying marginal relief as appropriate.

Income Tax Calculator

Income Tax Calculator is a free online tool to calculate tax on salaries and net wages.

For the 2008/2009 tax year it takes either gross pay on a monthly, weekly or hourly rate and computes the PAYE tax, national insurance contributions and student loan repayments to arrive at the net take home pay.

Net wage is broken down on an annual, monthly and weekly basis.