Gross receipts and gross sales both define the total amount of money that your business has received in a given period, such as a year or quarter. The primary difference is that gross sales refers ...

A taxpayer involved in business or professionhas to compulsorily maintain books of accounts for his business such as cash ...

A profit and loss statement is the same as an income statement. The profit and loss statement starts with any cash inflows that you have. After you find your total cash inflows, such as from sales, ...

With Washington instituting a new income tax (excuse me, an “excise tax on capital gains”) and California always chock-full of ideas to tax anything that moves, Oregon was probably beginning to feel ...