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Calculate your gross profit, and your gross profit margin.
The total value of sales made.
The total cost of all items sold.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
Why not get in touch with Quarter Chartered Accountants today for more information.
Research carried out by the Federation of Small Businesses (FSB) has found that fewer small firms are looking to hire as a result of rising labour costs and the upcoming Employment Rights Bill.
HMRC will reduce late payment and repayment interest rates from 25 February following the cut in the base rate.