Gross Receipts

Filed Under »
Dictionary Says

Definition of 'Gross Receipts'

A tax term relating to the total business revenue from services provided that must be reported for the fiscal period. Gross receipts do not account for sales returns and allowances, cost of goods sold or any other deductible expenses. Gross receipts can include both rental and interest income.

Investopedia Says

Investopedia explains 'Gross Receipts'

Although most expenses are deducted from the gross receipts figure, any sales from fixed assets and employee withholding taxes are generally subtracted before arriving at this number. Gross receipts are reported by taxpayers who provide both goods and services to consumers.
Search results for

'Gross Receipts'

  • Starting A Small Business: Location And Licenses | Investopedia

    http://www.investopedia.com/university/small-business/finding-location-getting-licenses.asp
    ... And yes, almost all of these permits and licenses cost money. Some are flat fees
    and some are based on your business income, also known as gross receipts. ...

  • Next Season, File Taxes On Your Own

    http://www.investopedia.com/articles/tax/08/filing-income-tax.asp
    ... 2. Next are receipts, such as W-2s, last year's tax return amount and all ... 3. Calculate
    your gross income (all the money you earned the previous year), then ...

  • Want A Bigger Tax Refund? Don't Itemize - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0310/Want-A-Bigger-Tax-Refund-Dont-Itemize.aspx
    ... 1 are all your receipts and behind door No. ... Charlotte works in a job with medical
    insurance and has an adjusted gross income of $42,000, She had out-of-pocket ...

  • Top Tax Deductions For Brokers

    http://www.investopedia.com/articles/financialcareers/06/brokerdeductions.asp
    ... Home office expenses (percentage of gas, electricity etc.) Adjusted Gross
    Income/Assumed ... rule, it's a good idea to categorize your daily receipts and review ...

  • Investopedia's Forex Outlook For May 2012: Calendar of Events ...

    http://www.investopedia.com/university/monthly-forex-report-may-2012/calendar-of-forex-events.asp
    ... Great Britain GDP (May 24) Great Britain's gross domestic product is the broadest ...
    24) Great Britain's retail sales report measures the total receipts at stores ...

  • 10 Steps To Tax Preparation

    http://www.investopedia.com/articles/pf/07/tax_prep.asp
    ... Also make certain that the gross wages reported on the W-2 form match what you ... 5.
    Gather Work Related Receipts If you purchased an item (such as a uniform) that ...

  • 10 Most Overlooked Tax Deductions

    http://www.investopedia.com/articles/tax/09/overlooked-tax-deductions.asp
    ... is, you take the deductions after you've calculated your adjusted gross income
    (AGI ... keep good records of your charitable activities and keep receipts for public ...

  • 10 Money-Saving Year-End Tax Tips

    http://www.investopedia.com/articles/pf/06/YearEndTax.asp
    ... your contribution is determined by your modified adjusted gross income (MAGI) and ...
    This includes receipts for charitable donations, receipts for medical expenses ...

  • Small Business Tax Obligations: Payroll Taxes

    http://www.investopedia.com/articles/taxes/08/business-payroll-tax.asp
    ... If you incur business-related expenses, make sure to keep your receipts in order ...
    like Arizona, and where state taxes are a fixed percentage of gross wages, such ...

  • 4 Tax Tips For Unemployed Workers - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/4-Tax-Tips-For-Unemployed-Workers.aspx
    ... Medical expenses must be more than 7.5% of your adjusted gross income to start ... Keep
    all of your medical expense receipts together so that you can add them all ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links