for Tax Pros ... Gross Receipts Defined. Gross receipts are the total amounts the
organization received from all sources during its annual accounting period, ...
Gross receipts taxes have a simple structure, taxing all business sales with few or
no deductions. Because they tax transactions, they are often compared to retail ...
Gross receipts means the total amount of money or other consideration received
from the above activities. Although the gross receipts tax is imposed on ...
Aug 6, 2016 ... What is a gross receipts tax, what is taxable, how this tax is different from a VAT
tax, and which states impose a gross receipts tax.
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 ...
If you charge your customers sales tax, your income is not affected by passing the
amount to the state. The gross receipts tax, on the other hand, is based on ...
Gross receipts and gross sales both define the total amount of money that your ...
[Gross Receipts Tax] Difference Between Sales Tax & Gross Receipts Tax ...
State tax departments may have a different definition of gross receipts than the
IRS. For example, New Mexico defines gross receipts as the total amount of ...
Definition of gross receipts tax: Business tax levied on the total revenue of some
firms (such as utilities) instead of on the net income.
www.revenue.pa.gov/GeneralTaxInformation/Tax Types and Information/Pages/Corporation Taxes/Gross Receipts Tax.aspx
Various gross receipts taxes are imposed upon private bankers; pipeline, conduit
, steamboat, canal, slack water navigation and transportation companies; ...