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ashley35
Level 1

I am self employed small business LLC in NH. I am applying for a NH COVID-19 grant. What are Gross Receipts? What categories calculate Gross Receipts?

 
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Best answer May 22, 2020

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KathyS296
Level 4

I am self employed small business LLC in NH. I am applying for a NH COVID-19 grant. What are Gross Receipts? What categories calculate Gross Receipts?

Gross receipts are the amount received from all sources before subtracting any costs or expenses.

 

If this solves your issue please mark as solved so persons answering questions can skip this question and move on to another question where an answer is needed.

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2 Comments 2
KathyS296
Level 4

I am self employed small business LLC in NH. I am applying for a NH COVID-19 grant. What are Gross Receipts? What categories calculate Gross Receipts?

Gross receipts are the amount received from all sources before subtracting any costs or expenses.

 

If this solves your issue please mark as solved so persons answering questions can skip this question and move on to another question where an answer is needed.

KathyS296
Level 4

I am self employed small business LLC in NH. I am applying for a NH COVID-19 grant. What are Gross Receipts? What categories calculate Gross Receipts?

I want to clarify the answer. Gross receipts are the INCOME amounts received from all sources before subtracting any costs or expenses. As an example, receipt of loan monies is NOT part of gross receipts in the normal course of the question.

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