How to Calculate Profit Margin (with formula)

Your profit margin is the percentage of total revenue your business keeps (as profit) after deducting expenses. The higher your margin, the more money you keep from every dollar of sales revenue. Here’s what you need to know about the margin formula for gross margin,...

Tax Deductions

A tax deduction is an expense you can claim from the ATO to reduce your taxable income. When you claim tax deductions on your tax return, you lower the amount of income you pay tax on, which means you owe less tax and keep more money. Knowing exactly how tax...