⁺More profit

Sales (£):

The total value of all sales.

Costs of Sales (£):

The cost of items purchased to sell.

Direct Wages (£):

The cost of wages.

Admin and other costs (£):

The cost of all admin and any other costs.

Other income (£):

The total value of all other income.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

15 Jan 2021

COVID-19 is reasonable excuse for self assessment late filing, says HMRC

HMRC says it will accept coronavirus (COVID-19) as a reasonable excuse for the late filing of self assessment tax returns.

15 Dec 2020

Considering the changes set to take effect from 1 January 2021.