BTC - Trade Profit
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mattyj3nks
Registered Posts: 28 Regular contributor ⭐
I am just lookign at what things should be added back, deducted and ignored when calculating trade profit.....
i have come up with this:
net profit
add back:-
depreciation
gift aid payments
increase in provisions (general)
entertaining customers
lease of car
fines for law breaking
supplier loans
drawings
loss on sale of fixed asset
deduct:-
dividends received
profit on sale of fixed assets
profit on sale of shares
non-trading interest receivable
rent receivale
= Trading Profit
Is there anything else that would be in this?
please add below and say what action would need to be taken....
i have come up with this:
net profit
add back:-
depreciation
gift aid payments
increase in provisions (general)
entertaining customers
lease of car
fines for law breaking
supplier loans
drawings
loss on sale of fixed asset
deduct:-
dividends received
profit on sale of fixed assets
profit on sale of shares
non-trading interest receivable
rent receivale
= Trading Profit
Is there anything else that would be in this?
please add below and say what action would need to be taken....
0
Comments
-
Add back:
-gifts to customers: food, alcohol, tabacco (allowable is stuff under £50.00 and with a company's logo I think...)
-loans to employees written off
-political donations
-lease of a car- only 15% of the cost and it has to be high emission car0 -
= trading profit before capital allowences0
