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How do you calculate Business Tax on a cash flow forecast?


I was told it's 21% but is that 21% of the net cash flow, opening bank balance or the closing bank balance? Please help!!

538 day(s) ago

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MDcpa05 		Well I think its 21% on the actual cash flow , as the closing bank balance would any ways reflect in the closing ledger, still I suggets you could search over some sites for the relevant information, I recently came across

http://www.businesstaxlien.com

which is quite useful , I am sure there are many others like this one.

Posted 538 days ago

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Question Title How do you calculate Business Tax on a cash flow forecast?
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