Showing posts with label profit and loss. Show all posts
Showing posts with label profit and loss. Show all posts
Saturday, January 25, 2020
Business Daily TIPS 1
Every business needs to prepare and review its profit and loss statement periodically - at least every quarter. Reviewing the profit and loss statement helps the business make decisions and to prepare the business tax return. Your business tax return will use the information from the P&L as the basis for the calculation of net income, to determine the income tax your business must pay.
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