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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.
Why not get in touch with Quarter Chartered Accountants today for more information.
The British Chambers of Commerce (BCC) has called for 'urgent action' to help small firms unlock trade deal benefits.
In a pre-Autumn Budget speech from Downing Street, Chancellor Rachel Reeves has refused to rule out raising taxes in the upcoming Autumn Budget on 26 November.