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Tax returns

john mayo 10 · 2011-10-04 12:33:00

I just have been doing up the tax returns for 2010 and i seem to have everything ok but for one bloody thing.I cant for the life of me remember how i calculated the net profit per accounts last year. Its section 147 and 148 on form 11. Any help would the brilliant :confused::confused::confused:

04-10-2011 12:33pm

#1

john mayo 10

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I just have been doing up the tax returns for 2010 and i seem to have everything ok but for one bloody thing.I cant for the life of me remember how i calculated the net profit per accounts last year. Its section 147 and 148 on form 11. Any help would the brilliant

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#2 04-10-2011 1:16pm

lakill Farm

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Net profit in laymans terms is sales - expenses = net profit

I dont manually fill in form 11s myself a i use a tax system, but remember to add back depreciation and claim capital allowances

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