If your business makes a loss for tax purposes, that might sound like bad news. But the reality is that you can turn this loss to your advantage, with the right tax planning. In many circumstances, your loss can be offset against other taxable income. This means you can reduce your payable tax, or even get […]
Tag Archives: loss
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Oct
Oct
Accounting basics: the profit and loss and balance sheet reports Understanding your finances is a vital part of running your business. But getting down into the nitty-gritty of the company accounts isn’t every entrepreneur’s top skill. If you are new to company accounting or simply want to expand your knowledge, we can help explain the […]