If you are doing ‘’well’’ you don’t ever make any profit. It’s like a vicious cycle- where you keep working and working and the reward is staying afloat- forget actually doing well and having the money to expand and upgrade your business.
Can the VAT not be lowered for Private College owners/Private University owners?? It feels like if you dare to do well- you get penalised as all the ‘‘profit’’ goes in VAT. We’re a small outfit of eight permanent staff members- with part time lecturers and approx 400 international students. With the VAT rising next year – if we dare to do well, we’ll be making just enough money to stay in business!!