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Are you a company? If not, then you probably don't have revenue -- you have income.
by offnominal 1y ago
Are you a company? If not, then you probably don't have revenue -- you have income.
- tomrod 1y agoIn the US, unless you are a C Corp then you probably also pay taxes on net income of some form. C Corps have some different accounting, where dividends are double taxed unfortunately. Small business owners are very impacted by the R&D schedule.
- crvdgc 1y agoIf only I can pay tax just for income - expenses (rent, food, etc.)