FREE CALCULATOR

Freelance tax set-aside calculator

Separate a planning reserve and savings before deciding how much positive margin is available.

Positive margin$3,800.00
Planning tax reserve$950.00
Savings separated$380.00
Available margin$2,470.00

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How to read the result

  1. The reserve applies only to positive margin after business expenses.
  2. The percentage is editable because every tax situation is different.
  3. Available margin is not the same as taxable profit or take-home pay.

CHECK

What to check before interpreting the result

Try several scenarios and change one input at a time. This makes it easier to see whether a result is driven by costs, capacity, reserve, savings or margin instead of treating an assumption as a confirmed fact.

Compare every amount entered with your own records. The calculator does not validate invoices, expenses, hours, payments or percentages, and it does not retrieve information from tax authorities, banks or any other external source.

Use the output as a mathematical comparison between scenarios. Before making a tax, legal, accounting or financial decision, check the current rules and your specific circumstances with an official source or a suitably qualified professional.

Keep a separate record of where each figure came from and when it was checked. Recalculate the scenario when income, expenses, capacity or percentages change; the tool does not update data, preserve evidence or detect changes by itself. Review the underlying records independently before using a new scenario.

The full workbook records income and expenses, calculates quarterly planning reserves and shows the annual picture.

Get the full bookkeeping workbook for $12