profits tax
tax on firm's profit any tax on a company's profits, for example, UK corporation tax
informalYou are here: Home > QFINANCE Dictionary > Definition of profits tax
tax on firm's profit any tax on a company's profits, for example, UK corporation tax
informalThe gross profit margin ratio measures how efficiently a company uses its resources, materials, and labor in the production process by showing the percentage of net sales remaining after subtracting the cost of making and selling a product or service. It is usually expressed as a percentage
Past tax statements can be examined to determine the reported income. But profitability thinking requires that a manager categorize past revenues in as many ways as he can: by year, individual product, product line, customer, geography, sales channel—even by selling technique (for example sales
By Tom Brown
Reading a P&L is the easiest way to tell if a business has made a profit or a loss during a given month or year. The most important figure it contains is net profit: what is left over after revenues are used to pay expenses and taxes.
This checklist outlines the ways profit and loss accounts (P&Ls), or income statements, are prepared in financial statements.
Definitions of ’profits tax’ and meaning of ’profits tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’profits tax’ and other financial terms with our online QFINANCE Financial Dictionary.