Hey there Community.
My name is Ryan and I run a small business in the UK.
Bit of a random question I guess, but I wanted to hear from some accountants who own a local practice (Or work in one and could answer the question) what costs are associated with running your business?
I want to understand the profit margin for each client you take on to see the percentage cost for each client. I run a business with around a 70-80% profit margin and wanted to see if it was similar or completely different.
I would also love to know the specifics as to what the costs are and what the margins are.
Let me know if this question is too vague I'm just wondering as someone who is very interested in accounting as a hobby for my own business.
Love the community here btw and would love to connect if any of you are in Leicester.
Looking forward to your reply.
P.S: Private message me if its easier for you etc however I would love to share with the community.