Breakdown categories

Compared to other tax calculators LTDTaxes.com is made from the contractor's perspective. Use THIS link to see more info about this website. 
The inputs are designed in such a way that it makes it easy for any new contractors to fill them in. 
However, as it is, this tool may not be used for any other purpose than estimation of taxes and income. 
I cannot guarantee the accuracy of the formulas and the user's level of understanding of the terminology.  

There are two models active on LTDTaxes.com: 2015 and 2016 fiscal years.
To view the main differences between these two please use THIS link.
The basic versions are divided in 4 categories: Lobby, Taxes and Income as main categories and the Invoice Details as an informational category, each with a slight different bluish background colour. The script that runs the calculations in the background is already capable of more specialized functionalities. Those will be implemented in the website over time as advanced versions.

The Lobby is where you fill all your inputs such as rate/hour and expenses. For more info abut how to use and understand how the Lobby works, please use THIS link. Please note that you have to put YOUR OWN values ONLY in the LOBBY cells.

The lower side of a breakdown page is made of the remaining categories (invoice details, taxes and income). All of these are view only and their values reflect the inputs from the lobby rooms. 

Remember to select the corresponding room from the tabs at the bottom.




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