Taxable profit
—
Don't get caught short at tax time. Enter what you earned, your expenses and your tax rate to see how much to save for tax — and what's actually safe to spend.
Setting money aside every time you're paid is the simplest way to never be surprised by a tax bill.
You're usually taxed on profit, so we subtract your deductible business expenses from income to get taxable profit.
Your combined rate (income tax plus any self-employment or social contributions) times the profit is what to set aside.
Shift the set-aside into a separate savings pot the moment you're paid, so the tax money is never mistaken for spendable cash.
Invoice with Payper and keep a paid/unpaid tracker, so you always know what you've earned when tax time comes.