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Although not as visible (and certainly harder to measure) in a state with no sales tax, it still exists in business-to-business transactions if everyone is paying gross receipts taxes.
Difference Between Sales Tax & Gross Receipts Tax. Operating a small business involves understanding how different taxes apply to you based on the products or services you sell. If you charge your ...
The gross-receipts tax has the broadest possible base and the lowest possible rate It is simple, easy to calculate, very stable and productive and grows with the economy.
West Virginia replaced its corporate excise tax and gas pipeline tax with the first gross receipts tax, or gross sales tax, on July 1, 1921 — later called the business and occupation (B&O) tax ...
Existing Law: The Gross Receipts Tax is a tax on the gross receipts of a business for all taxable business activities attributable to the City. The rates vary, depending on the category of ...
Technically, it is true that Nevada can replace its gross receipts tax with a corporate income tax that would treat businesses and working households more fairly.
Gross Receipts Keep your gross receipts because they show the income for your business, which you must include when you file your taxes. Gross receipts to save for taxes can include: Cash register ...
Find the latest gross receipts tax news from Fast company. See related business and technology articles, photos, slideshows and videos.
Why does Lyft want a nine-figure tax refund from its hometown? Blame San Francisco's confusing gross receipts tax.
Under Ballot Measure 118, Oregon would enact a 3% corporate minimum tax on gross receipts over $25 million, then kick some money back to Oregon taxpayers.
San Francisco Postpones Business Tax Increases to 2025 Increase to gross receipts tax was seen as impediment to the latest startup boom.