Recent Articles

What is the difference between revenue and sales?

Revenue is a sub section of sales. Sales less discounts, less returns, less allowances equals the revenue generated from the operation. An alternate definition is the final amount of cash deposited into the bank from customer activity.

Local Revenue Tax – The Business License

12/04/2012

A business license is the tool used by local governments to monitor all businesses in their community.  It triggers at least two types of tax.  At a minimum a revenue and personal property tax is charged through this registration process. [...]