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Tax returns

  • 04-10-2011 1:33pm
    #1
    john mayo 10
    Registered Users, Registered Users 2 Posts: 962 ✭✭✭


    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:


Comments

  • #2
    lakill Farm
    Registered Users, Registered Users 2 Posts: 4,735 ✭✭✭lakill Farm


    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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