Setting aside tax when your income is lumpy
A flat percentage off every payment works until the year you earn most of it in November. Here…
Read itCustomers
People who do the work themselves
Makers, traders and small studios — businesses where the person doing the accounts is also the person doing the job.
11,400
accounts, across nine countries
68%
work alone or with one other person
$1,840
median buffer after three months
4.8/5
from 610 reviews
A bakery
Bread & Salt, Bristol
Two ovens, four staff and a wholesale round that pays on thirty days while the flour bill arrives on the seventh.
The wholesale invoices used to sit in a folder until somebody remembered them. Now the reminder goes at day one and the round is paid in about eleven days instead of thirty-four.
11 days
average time to be paid
−$0
written off last year
A ceramics studio
Vaughn Ceramics, Leeds
Half the income is markets and fairs in cash, the other half is a shop that pays out fortnightly.
Market days go in as one total on the evening. The tax pot has covered the bill two Januaries running, which had not happened in the six years before that.
2 years
tax bill covered in full
5 min
to record a market day
A joinery
Fen Road Joinery, Cambridge
Three people, jobs quoted in stages, and materials bought up front on a card that nobody reconciled.
Staged payments now sit against the job they belong to, so a half-finished kitchen stops looking like profit until it is finished.
3 people
sharing one set of books
31%
held back for tax
In their words
The reviews that are not about features
I stopped doing the sum in my head on Sunday nights. That is the whole review, really.
The tax pot filled up on its own and I did not have to be brave about it once.
First January in four years I knew the bill before the letter came.
My accountant asked what I was using. She has put three other clients on it since.
Market takings in five minutes on the drive home, instead of an hour on Sunday.
I have never once wondered whether the number on the front page is the real one.
Nobody here wanted an accounting product
They wanted to stop carrying the sum around. That is the whole brief, and it is why the product is as small as it is.
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Read itSee how it reads on your own accounts
Connect the account your work is paid into, and compare the number it gives you with the one in your head.
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