Red Rock Tax & Consulting

Budget Percent Calculator

Here are suggested percentage guidelines based on net income compiled by Dave Ramsey, author of Financial Peace (Viking, 1997, $21.95) which he says are only recommended percentages and will change dramatically if you have a very high or very low income. For instance, if you have a very low income your necessities percentages will be high. If you have a high income, your necessities will be a lower percentage of income and hopefully, savings (not debt) will be higher than recommended. 

Enter your net-income for whichever period of time you would like to translate the percentages into:
Expense Range Low End High End
Charitable gifts 10-15%
Saving 5-10%
Housing 25-35%
Utilities 5-10%
Food 5-15%
Transportation 10-15%
Clothing 2-7%
Medical/Health 5-10%
Personal 5-10%
Recreation 5-10%
Debts 5-10%

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REFUND TRACKER

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TAX ARTICLES 

Maximizing Tax Deductions: Tips for Small Business Owners in Hurricane, UT

10 May, 2024
Conquer tax season for your Hurricane, UT remodeling business! This Red Rock Tax & Consulting blog post unlocks valuable tips for maximizing deductions on common expenses like materials, labor, equipment, and even your home office. Learn how to navigate depreciation, explore the benefits of different business structures, and discover how a retirement plan can benefit you and your taxes. Don't go it alone - our expert tax advisors can ensure you claim every deduction you deserve and keep more money in your pocket. Call Red Rock Tax & Consulting today at (435) 635-2494!
Sales Tax Reporting Services in Hurricane, UT

Mastering Sales Tax Reporting: Avoiding Common Mistakes for Small Businesses

14 Feb, 2024
Are you a small business owner struggling with sales tax reporting? Discover helpful tips and insights in this blog post on how to avoid common mistakes and master sales tax reporting. Streamline your processes, stay compliant, and avoid penalties with these expert tips. Read now and optimize your business's financial management.
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