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Gross Receipts
Definition of Gross Receipts
Gross receipts is defined as any business, profession, trade occupation, vocation, calling or activity, including cash credits, fees commissions, brokerage charge, rentals and property of any kind, nature or description, from either sales made or services rendered without any deduction therefrom on account of cost of the property sold, the cost of materials, labor or services, rentals, royalties, taxes, interest or discounts paid or any expense whatsoever.

The term includes the gross receipts from all sales made from a place of business within the town, both to persons within the town and to persons outside the town.

Calculation of Gross Receipts
The calculation of gross receipts for license tax purpose coincides with the system of accounts used by the taxpayer and the method employed by the taxpayer for federal and state income tax purposes.

Additional Details
If you have any questions, please contact the Business License Officer at (703) 255-6321.