09-10-2012, 10:23
(This post was last modified: 09-10-2012, 10:23 by friendly accountant.)
Seventh useful post..
As a very rough rule of thumb... your tax bill will be approximately 30% of your profit for that week. (20% tax, 9% NI) - 30% is easier to calculate that 29% so lets keep it simple!
In reality (assuming not a 40% tax payer) it will be less than the 30% but we likes simples
As a very rough rule of thumb... your tax bill will be approximately 30% of your profit for that week. (20% tax, 9% NI) - 30% is easier to calculate that 29% so lets keep it simple!
In reality (assuming not a 40% tax payer) it will be less than the 30% but we likes simples
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