Loss last year vs profit this yearBy Marc Sevitz · Updated 11 August 2014If I made a loss in my business last year can I take that loss into account when I'm doing my company tax this year if I am making a profit TaxTim Marc said:12 August 2014 at 11:15Yes you can, if it is personal business - not an actual company, then you click yes to the question which asks if you wish to ring-fence the loss.Salary / IRP5
If I made a loss in my business last year can I take that loss into account when I'm doing my company tax this year if I am making a profit TaxTim Marc said:12 August 2014 at 11:15Yes you can, if it is personal business - not an actual company, then you click yes to the question which asks if you wish to ring-fence the loss.
