If you're running a business, it's important to understand what gross profit margin is and how to calculate it. This figure tells you how much money your business is making after accounting for the costs of goods sold.
Your small business may be turning over a decent sum of money, but how much of it do you actually get to keep?
Profitability doesn’t only come from sales numbers. And a profitable business isn’t always the one with the most customers and the highest sales.
There are four ways that the owner of a company can take money out of their company and all four have different tax implications.
Your Income Statement has a lovely healthy profit but your bank balance is moth-eaten and sad, how can both be accurate?
