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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.

21 Mar 2019

HMRC warns businesses MTD registration 'takes seven days'

With Making Tax Digital for VAT (MTD for VAT) set to take effect from 1 April, HMRC has warned UK businesses that the registration procedure will take up to seven days to complete.

25 Feb 2019

Considering the rise in popularity of flexible working

Taking a look at the flexible working application process.