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The total value of all sales.
The cost of items purchased to sell.
The cost of wages.
The cost of all admin and any other costs.
The total value of all other income.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
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Keep up to date on the latest from the world of business and tax with our daily news stories.
28 Nov 2022
A study carried out by the Federation of Small Businesses (FSB) has found that one in four small firms plan to close, restructure or downsize if support with their energy bills ends next April.
25 Nov 2022
Home repossessions have almost doubled as rising costs force borrowers to fall behind on mortgage payments, according to official figures published by the Ministry of Justice (MoJ).
24 Nov 2022
Data published by the National Audit Office (NAO) has revealed that the UK's Digital Services Tax (DST) raised £358 million from large digital businesses in the 2020/21 tax year.
23 Nov 2022
In a new report, the Organisation for Economic Co-operation and Development (OECD) has warned that the UK economy is on track for the biggest downturn when compared to any other nation in the G7.