newbie go easy!! Profit calc

[joon1]

Hi as said first year getting muddled up... working out taxable profit..(less expenses,salary) do i also subtract paye which i pay monthly??

[Alan @ BroomeAffinity]

Yes.

[ratewhore]

Hi as said first year getting muddled up... working out taxable profit..(less expenses,salary) do i also subtract paye which i pay monthly??

You give it all to your accountant and let them do it. At least, that's what I do, all for 60 notes per month + VAT...

[expat]

Hi as said first year getting muddled up... working out taxable profit..(less expenses,salary) do i also subtract paye which i pay monthly??

Yes. From the point of view of the company, all the things you mention are costs, and therefore subtract from the profit (or to be precise, subtract from the income, and the profit is what's left).

[joon1]

good because thats what i did cheers

[weegordy]

You give it all to your accountant and let them do it. At least, that's what I do, all for 60 notes per month + VAT...

your bang on there.... saves time and confussion!