A self employed invoice template and calculator is essential for self-employed people.

Triginta enables you to create invoices to send your clients and then inputs the figures directly into your tax calculations and your financial records.

You can create your own invoice template with your logo if you have one, your business details and the details of your regular clients. Then you can use the template to insert details for each invoice you send. It’s easy to download the invoice to send to your client and for your records.

Triginta tracks your payment so you can see you outstanding invoices at a glance. And when it’s been paid the income will be inserted into your tax calculations automatically, as well as being entered into your records so you can easily transfer then into your tax return.

Self employed invoice template and calculator

Self employed invoice template and calculator from Triginta

Triginta tracks your payment so you can see you outstanding invoices at a glance. And when it’s been paid the income will be inserted into your tax calculations automatically, as well as being entered into your records so you can easily transfer then into your tax return.

The money you receive from your clients amounts to your turnover. When you’ve deducted the costs of any goods or materials you’ve used in delivering your services, together with any allowable expenses of running your business, this gives you your profits figure. You pay tax and NI on your profits, not the turnover. The Triginta tax calculator works out your profit and the amount of tax and NI you’ll have to pay as you go along.

For most selfemployed people the best way to declare income and expenses is by using the ‘cash basis’.  

The cash basis means that you only pay tax on income when you receive it and you can claim for expenses when you actually pay them. At the end of the tax year, you don’t have to declare income you haven’t received before the end of the year, even if the work was done and invoiced at an earlier date.

The cash basis is available for most self-employed people as long as your turnover is £150,000 or less and is simpler to manage than the alternative accrual basis accounting method. It helps financially because you don’t pay tax on income you haven’t yet received

If you have questions, please contact us and we’ll do our very best to assist you.