Jaclyn

As a sole proprietor, you receive all business profits personally. Use a separate business bank account for sole trader finances. Any money taken from the business is called a "drawing". There is no legal difference between you and your business as a sole trader. Although self-employed individuals have 10 months to pay taxes owed, set … Read more

Owning a Brewery: Profitability Owning a brewery can be a highly profitable venture. The profitability of a brewery largely depends on various factors. For a small brewery, it is realistic to expect an annual income of at least $40,000. Contract Brewing and RV Park Ownership With contract brewing, you hire another brewery to brew and … Read more

Opening a car wash business can be a fun, interesting, and profitable venture with the right strategies and dedication. Here are some key points to consider: Benefit and Viability of Car Wash Business The car wash business is lucrative due to high-profit margins, availability of capital for startup, and immediate cash payments. Offering allied services … Read more

A chief accounting officer oversees all accounting functions. The chief accountants handle complete account departments and employees. They know the latest accounting laws and procedures. Chief Accountant vs. CFO What is the Level of a Chief Accountant? A chief accounting officer oversees financial operations and transactions documentation, ensuring finances are sound and taxes are paid … Read more

The young leaf of the cactus plant can be eaten in soup or salad. Cactus leather is durable and eco-friendly material for upholstery, footwear, and accessories. Cactus candy is made from the water-rich stem of Echinocactus and Ferocactus species. Homemade tequila using cacti offers a unique opportunity to explore the process. What Products Are Made … Read more

Differences Between Gross Receipts Tax and Sales Tax in New Mexico New Mexico imposes a gross receipts tax instead of a sales tax. This tax applies to businesses operating in New Mexico. The gross receipts tax rate varies from 5% to 9.3125%, depending on the location. It is imposed on the total gross receipts from … Read more