What percentage of the money coming in through contributions can be paid to directors and and board members of a non-profit corporation? Any more info on this topic?
Purchases-32,000
Merchandise Inventory [sept.1]-5700
Sales returns and allowances-910
Purchases returns and allowances-960
Merchandise inventory [sept 30]-6,370
Sales 63,000
Freight In-1,040
for Merchadise sold i got 30,210
for gross profit I got-27,460
for net sales I got-63,000
I want to make sure I’m right!
Help plz
My husband is self employed. We’re in the process of purchasing a home and they want a year to date profit and lost statement. I need to know exactly how to write this up. Please help!!! We need this done by tomorrow.
I’m going to a tax preparer tonight – i told her i wanted to do a profit/loss – she said to bring the form bec. she hasn’t done that in a long time, is only going to e-file w/o one so not sure what to do.
I am working on a profit and loss for my real estate business and I was wondering if I can include health insurance premiums?
I am a sole prop
I know the costs of our jobs. I know the income. How do I figure out percentage profit loss based on this?
Tell whether the equation is correct or not Cost of goods sold = Sales – Gross Profit
Purchased silver flatware and holloware (mostly dented) for the purpose of reselling to a refinery as scrap silver to make a profit.
Most of the pieces were purchased 1-2 years ago; a few within the last year. However, it was refined in one batch with one payout.
Would that profit be treated as ordinary income or capital gain? What are the tax rates?
If capital gain, how would I separate the profit (payout minus basis) into long term and short term gain since it was refined in one big batch with one payout?
If a non-profit has earned some money (even if a rather negligible amount), how does it file taxes while waiting for tax exempt status?