Lily Campbell——Studied at University of Oxford, Lives in Oxford, UK
If the total deductible expenses for your business are greater than its income then it will have a loss for tax purposes. The business will not have to pay tax and the loss can generally be used to reduce income in future income years.read more >>
QuesHub is a place where questions meet answers, it is more authentic than Quora, but you still need to discern the answers provided by the respondents.