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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.
26 Jan 2021
Self assessment taxpayers will not be fined for late online returns if they file by 28 February, HMRC has said.
Considering how SMEs can maximise any R&D tax relief available to them.