Tax Torch is a tax planning tool designed for accountants and finance professionals to simplify personal tax calculations, scenario planning, and remuneration strategies.It helps advisers model tax-efficient salary and dividend splits, assess tax implications, and generate clear reports for clients.
Data can be manually entered or imported from CSV files. We also provide client-facing data collection tools, so you can request and receive client information directly within Tax Torch. We’re working on integrations with accounting software like Xero to automate data entry further.
Tax Torch’s AI is built on proprietary models designed specifically for UK tax calculations. It provides instant insights and tax-efficient planning based on each individual's data, helping you make informed decisions faster.
Pricing details can be found on our pricing page. We offer flexible plans depending on firm size and usage needs.
Yes, you can manually enter additional employment income and specify whether tax has already been deducted at source.
Yes, CIS deductions can be recorded, ensuring accurate tax calculations for subcontractors.
The comparison assumes changes take effect at the start of the tax year (6 April). Using the scenario planner calculator can also help adjust plans as things change throughout the year.
The calculator only considers salary and dividends income, although you can also plan the impact of personal and company pension payments and adjust the corporation tax rate to get a fuller picture. Other income is included in the scenario planner calculator.
Yes, although Tax Torch focuses on personal tax, the Salary V Dividend calculator includes the impact on the company. We are also in the process of developing our business page for integrations with accounting software to pull in key information relevant to tax planning.
Yes, Tax Torch automatically updates whenever tax rates, thresholds, or rules change, ensuring your calculations reflect the latest HMRC regulations. Future years are assumed to be the latest until government changes are confirmed, and then the software would be updated from the correct date and tax countries.
No, Tax Torch is a tax planning tool, not a tax filing platform. Self Assessment submissions will have to take place outwith the platform.
We are working on direct integrations with tools like Xero to make data syncing seamless.
Yes, you can send client data requests, and their responses will feed straight into Tax Torch—reducing back-and-forth and manual data entry.
We continuously improve Tax Torch based on user feedback. If there’s a feature you’d like to see, please let us know here.
Join the growing community of firms delivering bespoke, efficient tax advice with Tax Torch.
