| Re: Declining Nett Profits
Quote:
Originally Posted by Slamdog  it's a beggar isn't it.... I always tried to not make a profit so as not to pay corporation tax but sometimes it is hard to do.... and then when you need to show a profit... you can't because you are reducing tax exposure... | Don't get me wrong - I pay my fair shair of tax, but grrrr.
A number of peices of equipment we have came end of life - so we wrote them off (which reduces) tax. Didn't in anyway affect my takehome pay. But it did reduce my company tax bill.
Pah!
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