When Are Operating Expenses Calculated?

Answer Companies must report financial information to know the profits earned from business operations. Operating expenses represent just one part of a company's business transactions, albeit a usually la... Read More »

Top Q&A For: When Are Operating Expenses Calculated

Is income tax calculated before or after expenses?

Your income tax liability will be determined on your net profit.Go to the IRS gov web site and at the top choose BUSINESSESClick on the below Related Link

Are IRS audit expenses deductible as miscellaneous expenses?

Any legal fees for tax advice, any tax advice fees and any tax preparation fees are miscellenous deductions. These fees are subject to a 2 percent of adjusted gross income limit. Taxpayers can dedu... Read More »

What Do I Do When FSSA Calculated My Benefits Wrong?

The Family and Social Services Administration (FSSA) helps low-income Indiana residents provide for the needs of their families. Programs like the Supplemental Nutrition Assistance Program (SNAP), ... Read More »

How to Share Expenses when Traveling?

Travel with friends or family can be more fulfilling than solo adventures because you can share your experiences. Meanwhile, sharing a hotel room, rental car or gas bill may allow you to pool money... Read More »