Gross receipts is an accounting term used to refer to all of the money a business takes in, before expenses and taxes are deducted. Because this term is important for accounting purposes, budgeting, ...

In San Francisco, two competing measures that seek to change the Top Executive Pay Tax are trailing in early returns.

The Internal Revenue Service allows a corporation to elect to be treated as a small business corporation, or S corporation, for federal income tax purposes, provided ...

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 ...

Large retailers doing business in Portland will have to pay a 1 percent tax on the revenue they generate in the city. Portland voters on Tuesday passed a gross receipts tax measure that will pay into ...

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 gross receipts tax that Los Angeles imposes on businesses is like a parasite that’s embedded itself deeply into the body of its host. Everyone wants to remove it, but no one wants to go through ...

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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, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Is the state's gross receipts tax too complex? That's a ...

The IRS on Tuesday issued a safe harbor that allows an employer to exclude certain amounts received from other coronavirus economic relief programs in determining whether it qualifies for the employee ...