Just wondering when do you know when you break even and how do you work it out. ie. does it include wages for the rest of the year. I am self employed and started business in January this year. ( service industry)
average takings were 4500 per month and fixed expenses are 1100 per month. I still owe about 1000 euro for supplies for office which are one off expenses and wont need reordering. When would I break even. Does break mean start up costs are all paid or does it mean wages for the year are made. Still havent had time to do a business course and accountant does all accounts for me. Just wondering how I stand.
Thanks
Try telling that to the fellow whose business has failed or is sick and cannot get any social welfare. Try telling that to the businessman that is completely wound up in red tape with increasing overheads, fuel costs, minimum wage. Try telling that to the business man that is at work hours before his staff and still sees them driving out the gate before him in the evening.Can't beat working for yourself
Indeed, well said.Self employment is not everything it's cracked up to be.
Well not being able to afford a pension, I'd much prefer my tax credits back.As for the PAYE tax credit its a loss but the way pensions can work for self employed far out- weigh that
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