Learn the difference between gross vs. net income, and how each affects your tax payments. Gross income is the total amount of income you receive from all sources before any taxes or other deductions ...

Your financial statements are an essential part of your business, and are needed for keeping track of your performance, communicating with lenders, investors and shareholders and preparing tax returns ...

"Gross receipts" refers to the total amount of revenue you take in, while "income" refers to how much you keep, based on your expenses, deductions and other accounting factors. Understanding what goes ...

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...

Gross pay is the amount of money you earn before any payroll deductions are taken out of your paycheck. In contrast, your net pay is the amount of money you take home after deductions like taxes, ...

It's almost that time of year; tax season is nearly here. But with all the forms and applications you need to fill out, it's easy to get confused. No matter if it's your first time or you've been ...

Recognizing and reporting revenue are critical and complex problems for accountants. Many investors also report their income, and the difference between net and gross revenue for a small business can ...

Opinions expressed by Entrepreneur contributors are their own. Confusion frequently surrounds the meaning of gross margin and markup, probably because they are two different ways of expressing the ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Net and gross income are two of the most important ...