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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.

The latest news

23 Oct

IFS calls for Entrepreneurs' Relief to be scrapped

The Institute for Fiscal Studies (IFS) has called for Entrepreneurs' Relief (ER) to be scrapped.

22 Oct

Investors call for clearer climate-related financial reporting

Companies are failing to meet investors' expectations for clearer financial reporting on climate-related issues, according to a new report published by the Financial Reporting Council (FRC).

21 Oct

Government abandons increase in probate fees

The UK government has abandoned its planned increase in probate fees.