Gross Receipts - Law Dictionary Search Results
gross receipts
Matched in: Term gross receipts
sale
a : operations and activities involved in promoting and selling goods and services [vice-president of s] b : gross receipts c : income calculated under the accrual basis of accounting
basis
some limits on which method a taxpayer may use for figuring taxable income. For example, a corporation with gross receipts under $5,000,000 may be a cash-basis taxpayer. ac·cru·al basis : a method of accounting in which income and
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National insurance
British owned or registered ship when the person employed is remunerated by a share in the profits or gross earnings of the vessel. (h) Service in H.M. Forces. The Acts contain special provisions governing these contributors. The … be an 'employed contributor' may, if he so desires, apply for a certificate of exemption if: (a) in receipt of an income of not less than 26l. a year, which is derived otherwise than by his personal
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