Oak View, California. Homefacts City Report. Oak View is located in Ventura County, CA. The population is 4,337. There are 1 public schools in Oak View with an average Homefacts rating of B-. The total crime rate for Oak View is very low, and there are 9 registered sex offenders residing in the city.
If you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.f you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.
What is a profit and loss statement (also known as a profit and loss sheet or profit and loss account)? Simply put, a profit and loss sheet details your business transactions, subtracting the total outgoings from the total income to give you a reading of how much, if any, profit you have made. What is the purpose of a profit and loss account? Unlike a balance sheet (take a look at our guide on what is a balance sheet, including a balance sheet example), a profit and loss sheet displays the financial health of your company for a period of time â a month, a quarter or a year.