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Small Business Owners & Entrepreneurs

Johnny2X2X

(22,085 posts)

4. Thanks

Reply to Johnny2X2X (Original post)

Fri May 15, 2020, 03:01 PM

May 2020

What she’ll probably do is use her 2019 profit/loss tax statement as a guide. For instance if she had $10,000 in revenue per $6500 of expenses we’ll claim 35% profit for all revenue.

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Unemployment small business income question [View all] Johnny2X2X May 2020 OP

Not an expert but I'd say keep good records of expenses ... mr_lebowski May 2020 #1

Call you UI office. ploppy May 2020 #2

It depends upon whether you use "cash" or "inventory" accounting. RainCaster May 2020 #3

Thanks Johnny2X2X May 2020 #4