Comprehensive
UKTaxWizard is many notches above ordinary tax calculating apps available in the market. UK has one of the most complex personal tax systems in the world, with numerous factors being considered to differentiate between various taxpayers. UKTaxWizard takes into account all of them, carrying out more than 100,000 computations, to arrive at the accurate tax amount. When you calculate your taxes on the UKTaxWizard, you are not getting estimates, you get precise results as good as what tax consultants would arrive at.
Contemporary & Future ready
UKTaxWizard is designed to accurately calculate the personal income taxes for both financial years 2009-10 and 2010-11. When designing the UKTaxWizard, we extensively studied the British tax regime. HMRC tweaks the tax structure every year and UKTaxWizard would be ready with timely updates to comply with regulations of the future.
One app for salaried, self-employed and small business owners
The way HMRC taxes your income depends on how you earned it, i.e. whether you are salaried, self-employed or a business owner. And it gets all the more complex if you have multiple sources like rental properties. UKTaxWizard takes into account all such permutations and combinations. Just fill in the fields that are relevant to you and the UKTaxWizard will do the job. If you have multiple jobs, no other tax calculator can meet the accuracy and precision of UKTaxWizard.
Stunning graphics & illustrations
UKTaxWizard builds stunning charts which provide break-ups on your income, National Insurance and taxes. No other tax calculator provides graphical and analytical breakdowns as UKTaxWizard. Track where you made your buck and how you ended up spending it and make sure you check the effective tax rate levied on your income with a stunningly beautiful bar illustration that we have custom coded for our patrons.
Tips to help you save taxes
You are not a tax expert and may omit valuable data that may eventually lead to paying more taxes than you should. UKTaxWizard not only calculates taxes, it carefully scans the data and catches such omissions, providing you detailed tips at the end for saving on taxes. That's not all, if UKTaxWizard finds a suitable way of reducing your taxes it flags a tip at the end of the calculation.
Offline – secure & password protected
The data that you enter, including your personal details, are yours and stays on your phone only. The application does not transmit data through the network. In fact, it does not connect to the data network except to access Charts API to create graphs and illustrations. To ensure further privacy, we've even added a password lock so you don't end up sharing your financials with friends while you are impressing them with the latest apps on your iPhone/iPod/iOS or when you mistakenly leave your phone with an office rival you don't share a great equation with.
Saves data - resumes
The tax calculator is comprehensive and there are multiple fields of information to be provided. Often, one may not have all the details at hand. No worries! Just save the data inside the App, close things and go away. You can restart where you left off next time. You can also update the app through the year to make sure that your calculations are accurate and in sync with your circumstances. And if you want to get creative with your accounts, try using the tax calculator to compute your tax bill in different scenarios. That's far easier and more prudent than dialing your tax advisor on trivial issues.
