Free Garage Hive resource to help workshops tackle National Insurance hike
Garage Hive, in collaboration with its UK partner coLaunch, has launched its updated 2025 gross profit calculator to help workshops stay on top of rising costs and plan effectively for the year ahead.
Free to download, the latest version incorporates critical updates, including the number of 2025 working days and the new National Insurance contributions announced in the Autumn Budget. Garages simply enter their overheads into the spreadsheet template to automatically generate daily and monthly gross profit targets.
“With rising costs and an increased National Insurance rate, it's more important than ever to understand the financial dynamics of your business,” said Alex Lindley, Director of Garage Hive. “This calculator helps you identify the gross profit you need to cover costs, make informed adjustments, and maintain profitability in an increasingly challenging economic environment.”
Chancellor of the Exchequer, Rachel Reeves's October Budget brought higher National Insurance contributions, increased minimum wages, and changes to capital gains and inheritance taxes, all adding financial pressure on independent garages.
Garage owners are advised to download the free Garage Hive resource and complete the exercise before the year ends.
“Understanding your operational costs is the foundation for effective decision-making,” said Alex. “Whether it's planning inflationary pay rises or adjusting labour rates, this tool ensures you can approach these decisions with clarity and confidence.”
Community-driven garage management software, Garage Hive is uniquely positioned to support independent garages, drawing on its expertise in addressing the operational challenges they face. Tools like its gross profit calculator enable workshops to navigate economic pressures, manage costs effectively, and make data-driven decisions to safeguard their profitability.
The gross profit calculator can be downloaded for free here: https://www.ghlaunch.com/gp