What is Net and Gross Income?

When you're trying to determine the financial health of your business, there are a few different metrics you'll want to calculate.This video looks at both net income and gross income, how to calculate both, and where they should be reported.

We go more in-depth in our article on Net income:
➤https://www.northwestregisteredagent.com/maintain-a-business/net-income

We go more in-depth in our article on Gross income:
➤https://www.northwestregisteredagent.com/maintain-a-business/gross-income

Watch our video about Non-Cash Expenses:
➤https://youtu.be/jUc_GNHYdJY?si=TfvzhznZdY7wfVx0

Not *exactly* the information you're looking for?

Check out these related articles from Northwest Registered Agent:
Getting Business Insurance for your LLC:
➤https://www.northwestregisteredagent.com/llc/business-insurance
How to Minimize Risk When Starting a Business:
➤https://www.northwestregisteredagent.com/start-a-business/minimize-risk

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Have more specific LLC and business formation questions? Well, we have answers! (We may even use it for our next video! )

Get your Question Answered by a Corporate Guide:
➤ https://www.northwestregisteredagent.com/contact

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Did you find this video helpful?
Let us know in the comments below, reach out to us direct or via our socials. We respond promptly and use your feedback to create more content for small business owners.

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#StartABusiness #SmallBusiness #businessfinance #NorthwestRegisteredAgent #Entrepreneurship #BusinessAdvice #grossincome #netincome
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LEGAL DISCLAIMER
The information contained in this video is only for entertainment and educational purposes. If you require legal assistance, you should consult an appropriately licensed attorney. Viewing and commenting on this video or its contents does not create or establish an attorney-client relationship.