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Corp tax before or after salary/IT/NI?

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    Corp tax before or after salary/IT/NI?

    Quick question about salary and corp tax?

    Is salary/income tax/NI a company expense that occurs before or after corp tax?

    IE:-

    Gross income ----expenses – salaries/income tax/NI --- corp tax on the remaining profit

    Or

    Gross income ----expenses ---- corp tax ----salary/income tax/NI ?

    I’m pretty sure it’s the first option as when I was learning about reading company financial statements for learning about stock investing salaries came under operating expenses.

    Just want to be sure as I’m crossing the Ts and dotting the I’s ready for my quarterly PAYE/NI payment.
    "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

    #2
    Yes, you're right.. the first option. Corp tax is only paid on company profit after salaries, expenses etc etc (but not dividends) have been deducted.
    It's about time I changed this sig...

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      #3
      Thanks.

      Going to start doing it all properly from now on.. and try and back track the mess of the last 3 months!
      "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

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