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Previously on "newbie go easy!! Profit calc"

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  • weegordy
    replied
    Originally posted by ratewhore View Post
    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!

    Leave a comment:


  • joon1
    replied
    good because thats what i did cheers

    Leave a comment:


  • expat
    replied
    Originally posted by joon1 View Post
    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).

    Leave a comment:


  • ratewhore
    replied
    Originally posted by joon1 View Post
    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...

    Leave a comment:


  • Alan @ BroomeAffinity
    replied
    Yes.

    Leave a comment:


  • joon1
    started a topic newbie go easy!! Profit calc

    newbie go easy!! Profit calc

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

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