Know what your tax bill is heading for while you earn, and keep the money for it to one side.
Keep your books in Financial IQ Business and link them to your free Personal account. Your profit to date becomes an Income Tax and Class 4 estimate, and a tax pot shows how much you've already put by.
£19 a month plus VAT. Personal is free forever.
The money questions a freelancer keeps coming back to, answered from your own books.
Every time you get paidHow much of this will go in tax?Your profit to date becomes an Income Tax and Class 4 estimate, and the tax pot shows how much you've already put by.See tax on your decisions When a job is doneGetting the invoice outRaise invoices from your books, ready to match when the payment lands.See invoicing Every monthA budget built for a salary you don't haveSafe to spend shows what's left of your income after committed bills. It doesn't take tax off, so keep the pot topped up alongside it.See budgets and goals From April 2026Making Tax Digital for Income TaxKeep self-employment records the MTD way now, with the quarterly update timeline. Sending updates to HMRC from Financial IQ is in development.See MTD for Income Tax JanuaryThe bill, and payments on accountSee the first and second instalments coming, and how much of the bill is still to find.Read the guide Every weekWhich payment was for which invoice?Bank lines are matched to your invoices, and Match Review shows you the ones to check.See bank reconciliation
Every pound you put by for tax is recorded, so the amount still to find is real.
Move money into your tax pot at your bank, then record it here. Log what you pay HMRC and anything you take back out. What’s still to fund is the estimate less what the ledger says is really there.
- The account holding the pot sits with the ledger, so you know where the money is.
- Here, £2,600.00 is set aside against a £4,115.80 estimate, leaving £1,515.80 to fund.
Coming soonQuarterly updates to HMRC
Your self-employment records and the quarterly update timeline are in Business now. Sending the updates to HMRC from Financial IQ is in development.
Tell me when quarterly filing is ready
Your books, ready to goSole trader books, invoicing, bank reconciliation with Match Review and expenses, all on Business Pro. Mileage is in beta.
£19 a month plus VAT on Business Pro
Made for income that arrives in lumps
The estimate works from your profit to date, so a big job or a quiet month shows up as soon as it's in your books.
A pot you can trust
Every move into the pot and every payment to HMRC is recorded, so the amount still to fund comes from what's really there.
Your trade and your own money together
Business keeps the books for your work. Personal, free forever, shows the rest of your money with the tax estimate on top.
Common questions
Which plan do I need?
Business Pro, at £19 a month plus VAT. For sole traders, one plan covers all your businesses and your tax return. Personal is free forever.
Does it move money into a tax account for me?
No. You move the money yourself and record it in the tax pot, along with any payment to HMRC. The amount still to fund is worked out from what you've recorded.
Can I send MTD quarterly updates from Financial IQ now?
Not yet. Your self-employment records can be kept the MTD way today, and sending quarterly updates to HMRC from Financial IQ is in development.
Is Personal free?
Yes. Personal is free forever. Link it to your Business books to see the tax estimate and the pot.