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Calculate your gross profit, and your gross profit margin.
The total value of sales made.
The total cost of all items sold.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
Why not get in touch with Quarter Chartered Accountants today for more information.
The government's preferred proposal in HMRC's consultation into VAT compliance should close a tax loophole while protecting small businesses, says the Federation of Small Businesses (FSB).
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