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Business Clinic: Profits down, but income tax up

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Farmers Weekly

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Mark Chatterton of accountant Duncan & Toplis advises on fluctuating profits and tax bills. Q. I have just had a huge shock about how much tax I have to pay at the end of January. My profit was far lower last year, but I am now faced with a larger tax bill. Can this be correct? A. Unfortunately it probably is. […]

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