Second, like all gross receipts taxes, this tax will hammer high-volume, low-margin businesses. The more sales you have, the more tax you pay. If I sell a lot of widgets at low prices, I'll have ...

If you operate a business in a state that does not charge sales tax to consumers, such as Delaware, you still may owe a gross receipts tax. More For You Six Types of Taxes People and Businesses ...

Gross receipts are sales of a business that form the basis for corporate taxation in a handful of individual states and certain local tax authorities. The components of gross receipts vary by ...

Last fall, the Ohio Business Roundtable published a report that stated, “Unlike the old business taxes, this new [gross-receipts] tax does not penalize job creation and investment, and also ...

Gross receipts is an accounting term used to refer to all of the money a business takes in, before expenses and taxes are deducted. Because this term is important for accounting purposes ...

So be sure to keep the receipts, business conference flyers, etc. to defend business usage,” said Lee. Keep these expense receipts for taxes: Canceled checks. Cash register tapes. Account statements ...

If approved, the business tax rate would drop from $5.07 for each $1,000 of gross receipts to $4.75 for each $1,000 in 2016. The following year, the tax rate would be cut again to $4.50 for each ...

Business groups back city of L.A.’s phase-out of gross receipts levy, but don’t like the 15-year timetable.

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 ...

Carol Christ, who owns the Dallas Figaro’s Pizza with her husband, urged lawmakers to pass a proposed gross receipts tax so Oregon kindergartners don’t attend school with 28 in a classroom as ...

What exactly is a gross receipts tax? Here is the New Mexico Taxation and Revenue Department’s definition: “The gross receipts tax is a tax on the privilege of doing business in the state. It applies ...