2 articles tagged with Cost of Goods Sold.
Self-employed wedding and celebration cake decorators face upfront ingredient costs, expensive kit and fragile-cargo delivery logistics. Full worked example on £28,000 turnover showing what a decorator actually keeps after tax.
Selling restored furniture on Facebook Marketplace, Etsy or from a local shop counts as trading, not hobby income, once you're buying regularly to resell. Full worked example on £22,000 turnover shows a take-home of roughly £16,300 after tax.