Hi Sean
of course this is what i mean. but arent you forgetting VAT, national insurance at what 8% on group 4, and you assuming 20% tax rate?
Also its symantics i know but i never look at turnover as the figure i have made, iam only interested in profit.
Turnover is vanity and all that. I have a basic cost base i apply to jobs or a days window cleaning and look at what ive made after wages vat and expenses are taken out. My income is whats left its the true figure.
from that perspective i have had 100%of my fuel paid outside of my income.
As i say you are correct the tax man isnt knocking on my door with a cheque for 100 to fill the van up.
iam still however better off than a factory worker who grosses 240 looses a chunk, then has to goto the garage to fill up.
cheers
john