How to Work Out Your Taxable Profit vs Net Profit?
23 January 2026
Your taxable profit is not the same number as your net profit: it’s arrived at by adding back non-allowable expenses and subtracting capital allowances, and
Your taxable profit is not the same number as your net profit: it’s arrived at by adding back non-allowable expenses and subtracting capital allowances, and
GEC gives UK game development companies a 34% credit on qualifying core expenditure — replacing VGTR for projects started from 1 January 2024 onwards, with
PAYE deducts income tax and National Insurance from your wages before you receive them: your tax code controls how much is taken, and if it’s
You can claim £6 per week tax relief for working from home without receipts, but only if you’re required to work from home, not if
Management accounts give you a real-time view of profit, cash flow, and financial position: usually prepared monthly or quarterly, they replace year-end guesswork with decisions
An MTD digital link means your VAT data must pass between systems without any manual steps — no copy-paste, no retyping — and breaking that
