While "gross receipts" and "gross profit" may sound similar, they are two very different accounting terms used to record and analyze revenue made by a business. Here's everything you should know about ...

Most small businesses are set up to "pass through" income. If you're a sole proprietor or run an S corporation, your business doesn't pay taxes. Instead, the money passes through to you, and you ...

In Texas, sales of alcoholic beverages can give rise to two types of taxes: Mixed Beverage Gross Receipts Tax, and Mixed Beverage Sales Tax. There are several complexities in how these are computed ...