How much Net Profit does your business make?

[Jack Turner]

Interested to know how others are performing during this time and what is deemed a good net profit for relatively small businesses.

So, what is your revenue and net profit, and dividends if any?

Look forward to discussing.

 

[wayzgoose]

Interested to know how others are performing during this time and what is deemed a good net profit for relatively small businesses.

So, what is your revenue and net profit, and dividends if any?

Look forward to discussing.

And what possible help would it be for you to receive a pile of varying figures - or would you like to see and discuss the whole balance sheet?

 

[japancool]

Interested to know how others are performing during this time and what is deemed a good net profit for relatively small businesses.

So, what is your revenue and net profit, and dividends if any?

Look forward to discussing.

None of your business.

 

[WaveJumper]

As above to qualify as a small business, a company must fall within the size standard, or the largest size a business may be to remain classified as small, within its industry. Though size standards vary by industry, they are usually measured by the number of employees or average annual receipts....... there's only one of me

 

[SillyBill]

Our success is enough to qualify us for entry into the 25% Corporation Tax increase draw in 2023, delighted to be doing our bit to pay for the G7 leading mismanagement and misappropriation of public funds. I knew it was coming but I still haven't been able to sit down properly since Rishi did me for 6%.

 

[Jack Turner]

None of your business.

Why s

Our success is enough to qualify us for entry into the 25% Corporation Tax increase draw in 2023, delighted to be doing our bit to pay for the G7 leading mismanagement and misappropriation of public funds. I knew it was coming but I still haven't been able to sit down properly since Rishi did me for 6%.

That's great. Will your prices be forced to increase as a result, or will you stomach the 6%?

 

[Jack Turner]

And what possible help would it be for you to receive a pile of varying figures - or would you like to see and discuss the whole balance sheet?

I am really interested, to see how different people operate in business and what they consider, good or bad, within varying sectors. How does your balance sheet look?

 

[SillyBill]

Why s

That's great. Will your prices be forced to increase as a result, or will you stomach the 6%?

Not for me it isn't, in the not too distant past in our Chinese style 5 year plan we were budgeting CT going down to 17%, roll forward a couple of years and we're now staring down the barrel of a 8% swing in the opposite direction. That is not trivial. And we most certainly do look ahead a few years and make business decisions ahead of time based on items such as expected CT rate.

If we thought there was 6% margin in the market there for the taking we'd be there now in honesty. So on that basis it will be either a sizeable hit to my pocket or the business retained cash, likely a combination thereof. Just another incentive to work less hard.

And no I am not naïve enough to think it pulls the rug up on grafting to get a good business (plenty higher elsewhere in the world) but without doubt I start such a year way less motivated where the government wants to take another 6% straight off the bat. Delusional socialism to think otherwise. I am not exactly motivated to earn more profit (to be taxed on) for the greater good or put more money towards our heroes in the NHS.

 

[simon field]

Ours is about 37%.

 

[Chris Ashdown]

I remember when income tax was above 90%, (early 60 i think) yet many rich people still felt it worth working for their little bit of money left

 

[fisicx]

Around £12/day. I have a clever accountant.

 

[Scalloway]

I have a clever accountant.

Accounting is an art, not a science. You can massage the profit figure up or down by manipulating things like stock valuation or asset depreciation.

 

[Mark T Jones]

Year to Mar '21 = 1k loss

Typically try to retain £10PA

The rest is for me to know and you to wonder

 

[WaveJumper]

Accounting is an art, not a science. You can massage the profit figure up or down by manipulating things like stock valuation or asset depreciation.

Agree and then there are Accountants and there are ACCOUNTANTS if more people spent a little more time looking for the right one for their business we probably have less threads on this forum

 

[Ian J]

I remember when income tax was above 90%, (early 60 i think) yet many rich people still felt it worth working for their little bit of money left

Unfortunately too many didn't resulting in the sixties brain drain when too many of our brightest brains emigrated to more enlightened countries

 

[IanSuth]

I remember when income tax was above 90%, (early 60 i think) yet many rich people still felt it worth working for their little bit of money left

Up until 1965 corporation tax and income tax were not separated and the highest top rate during and just post ww2 was 99.25% which then sat in the 90% range throughout the 50's

In the mid 70's there was an investment surcharge so the effective top rate was again well over 90% for incomes over what i think would equivalent to about £200k+ today

 

[fisicx]

Accounting is an art, not a science. You can massage the profit figure up or down by manipulating things like stock valuation or asset depreciation.

Which is why I never make any profit. On a good year I end up broke.

 

[DontAsk]

Interested to know how others are performing during this time

Very well, thank you.

and what is deemed a good net profit for relatively small businesses.

So, what is your revenue and net profit,

As little profit as possible at the end of the day and as little corp. tax as possible by maximising the use of any and all tax avoidance schemes.

 

[fisicx]

@Jack Turner - why don’t you start by telling us your net profit.

 

[MBE2017]

I’m not shy, bugger all this last year. That said, I have spent a wonderful relaxed year, finished several projects etc, thankfully money is not too big a worry for another few years yet.

 

[JEREMY HAWKE]

2 billion losses last year
That 2 billion we lost
Thats a lot of money for a small business

If your going to do a bad job then do a bad job properly

The investors are s££$$$G themselves but I will be alright
Hope this helps

 

[WaveJumper]

@Jack Turner - why don’t you start by telling us your net profit.

Not a lot I bet but you've put down the challange

 

[Ian J]

2 billion losses last year
That 2 billion we lost

Is that 2 billion parcels that you lost

 

[WaveJumper]

Is that 2 billion parcels that you lost

I think he's just struggling to 'deliver' a good return for his investors and 'post' a good profit

 

[MBE2017]

Is that 2 billion parcels that you lost

TBF, he did actually deliver the other one on time.

 

[DianeAnderson]

I can't say much, but no one forbids discussing the amount of earnings per month. Net profit of £ 25,000 per month

 

[Mark T Jones]

I can't say much, but no one forbids discussing the amount of earnings per month. Net profit of £ 25,000 per month

Great

Only 29 to go

 

[Pish_Pash]

Our success is enough to qualify us for entry into the 25% Corporation Tax increase draw in 2023, delighted to be doing our bit to pay for the G7 leading mismanagement and misappropriation of public funds. I knew it was coming but I still haven't been able to sit down properly since Rishi did me for 6%.

I'm still spitting nails about Osbourne's wheeze wrt taxing Divis ......that perk had gone untouched for decades...until Pish_Pash rolled into town & started becoming profitable...they're out to get me I tell ya (I used to play rugby, but had to give up ...everytime there was a scrum, I thought they were talking about me)