It does, however, impose a variety of sales and property taxes and some are pretty significant. Many Florida counties have a discretionary sales surtax (county tax) that applies to most transactions subject to the sales or use tax. The county surtax rate applies to a taxable item or service delivered […]

The slight difference between the cost of sales and COGS is that it also includes the costs of services provided, making it more relevant to service-oriented businesses. A consultancy, for instance, would have the cost of sales that might consist of the salary of consultants and direct expenses to provide […]

A truck owner usually takes home less than 50% of the entire business profit, with the rest going toward reinvesting in labor, food costs, marketing, utilities, and ongoing fees. Food truck owners in the US earn between $24,000 and $153,000 per year, depending on the size, location, and popularity of […]

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