Net income method - How much profit remains on the bottom-line?

Net income method - How much profit remains on the bottom-line?

Doctors, lawyers, engineers, architects and other self-employed professionals have the choice: they can decide whether to present annual financial statements (balance sheets and income statement) or use the simple net income method. But which way to go? And is it worth changing from one to the other? We provide our clients with competent advice on these issues, and with an eye on the future, then recommend the best way to proceed when the company is no longer at the start-up stage. It is worth remembering that the income tax burden can develop very variably as a result of progression, particularly in the initial years...
Moreover, we take into consideration all of the important company form regulations in ongoing bookkeeping – not only at the end of the year!