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More profit

The total value of all sales.

The cost of items purchased to sell.

The cost of wages.

The cost of all admin and any other costs.

The total value of all other income.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

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Third of businesses planning job cuts due to NI rise

Research carried out by market research firm Censuswide has revealed that a third of business owners are planning to cut jobs as a result of rising employer National Insurance Contributions (NICs).

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Inflation in the UK eased to 3.4% last month, down slightly from April's 3.5%, according to the Office for National Statistics (ONS).

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