Posted by NCWayne on May 10, 2011 at 20:14:29 from (166.82.187.163):
Ok, I know this is a very generic question but given the variety of occupations covered on this site, and what I am doing with this information, this is the only way I know to ask it. Too, before anyone askes, this is not to be used in any way for anything I am doing with my business, it's strickly for something I am working on in another area. So, here's the question. When you do your taxes, on average, how much do you usually figure to take off from your gross reciepts to obtain your net profit? Just to be clear, by 'take off' I mean include the standard tax rate for the gross, then the usual unrecoupable expenses that can be considered right offs, etc., What I am not looking to have included is the atypical, one time, big ticket purchases, etc. that would raise the right off percentage higher than 'normal'
Like I said I know this is a very generic question for what is typically a complicated equation. Still I am not looking for long, drawn out explinations, just simple, round number, best guess, estimates from a very broad range of businesses and geographic areas, to help me with something I am figuring on. Too if anyone knows any online, where similar information can be found in print, not just from individuals like ya'll, I would appreciate a link to the info. Thanks!!!!
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Today's Featured Article - A Lifetime of David Brown - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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