Remove Deductions Remove Retail Companies Remove Small Businesses
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High-Risk NAICS Codes and How to Avoid Them

CreditStrong for Business

You must still be honest and choose one that accurately reflects your business activities. There may be consequences if someone discovers you’ve used an inappropriate code to avoid being labeled a high-risk business. For example, if your tax deductions are too different from other businesses with your NAICS code, the IRS may audit you.

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Net Profit Margin: Everything You Need to Know

Fundera

How do you know if your business is successful? It sounds like a simple question, but it’s one that most small business owners aren’t sure how to answer. You know you’re in business to make money. If you operate a retail company, this will include the cost of inventory sold in your store. Gross Profit.