This business tax calculator helps you calculate your business tax liabilities based on your revenue and expenses. Simply input your values and get the estimated tax due.

Tax Calculation Formula

Taxable Income = Revenue – Expenses
Tax Due = Taxable Income × Tax Rate

Example Calculation

Annual revenue of $500,000, expenses of $200,000, with a 25% tax rate → Taxable Income = $300,000 → Tax Due = $75,000.

Why It Matters

Understanding your business’s tax liability can help with planning and savings throughout the year.

Smart Strategy

Keep accurate records of your expenses and deductions to lower your taxable income and potentially reduce your tax bill.

FAQs

What is taxable income? Taxable income is the total income minus allowable expenses that are subject to tax.

Can I claim business expenses? Yes, business expenses like office supplies, salaries, and rent can be deducted from your revenue to lower your taxable income.