Jan 13, 2023 · E.g in FX businesses the gross revenue is the currency sold + commission but in reality the actual revenue is just the commission as the sale of currency is a pass through

Oct 8, 2022 · How about corporation tax? Even though IRS calculates tax on net amount of profit, various states calculate corporate franchise tax on gross receipts.

Feb 14, 2021 · Hi, I have a S corporation with approximately $270,000 of gross receipts. I have benefited from a PPP loan of $10,000. It was forgiven. As it is tax-exempt income, it doesn't …

May 11, 2012 · fund in the customer's bank account. The Company's record has to be adjusted so as to reverse the cash receipts which was previously recorded upon receiving this check …

Mar 14, 2013 · I am considering selling an item for a friend on my website, but there is no paper trail for the cost of the product. Under a perpetual system, what can I use as the cost of the …

Jul 7, 2015 · Hi, In our Business, we have a huge volume of receipts and we are reconcile it manually. I am thinking about to automate reconciliation but I do not know how. would you …

Feb 3, 2022 · Hi, On Question 12 in the Self Assessment (Tailor your return 12 - Was your income over £50,000?), how do we calculate the Adjustable Net Income using Salary from Full Time …

Sep 14, 2018 · Hi all Working as a finance assistant at a tech company and have to deal with all the staff expense claims etc, some staff have attached with their expense claims photographs …

Jul 4, 2012 · is it correct to add them gross and then calculate the difference (being VAT), or should they be calculated net with vat added (getting me an annoying extra 1p)?

Aug 19, 2014 · Good day to all, I have a question about Net Working Capital. I know how to calculate Net working capital using the balance sheet figures. Unfortunately I came across a …