Gross receipts taxes are rarely used by states. Only five states, Delaware, Nevada, Ohio, Texas, and Washington, have statewide gross receipts taxGross receipts taxes are applied to a company’s gross ...

Managers of companies that staff employees who earn tips often have difficulty determining just how much workers are earning in tips. It is important that employers have an accurate account of what ...

Gross receipts taxes had largely disappeared as an important revenue source for state governments by the later years of the twentieth century, usually after considerable effort by state business ...

In the corporate context, conversations between senior executives and department heads often are replete with tactics to increase gross receipts, effective methods to expand market share and proper ...

I am astonished that purportedly smart people in Oregon are pursuing the idea of a gross receipts tax. If you care about sound tax policy, you should be standing up and shouting, "Don't do it!" The ...

Gross receipts encompass the total amount of all receipts that a business earns in cash or property, which can include sales, tax refunds, and other income—excluding expenses and adjustments. These ...

The Virginia Department of Taxation has issued a ruling that addresses the question “does the receipt of a PPP loan and its possible forgiveness constitute gross receipts for purposes of the Business, ...

The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which generally took effect in 2018, provides welcome simplifications for small business taxpayers. This article highlights some of ...

On January 6, 2021, the Small Business Administration (SBA) issued two interim final rules related to Paycheck Protection Program (PPP) loans under the Economic Aid to Hard-Hit Small Businesses, ...