An income statement is your business’s bottom line: your total revenue from sales minus all of your costs. Financial data is always at the back of the business plan, but that doesn’t mean it’s any ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

A good rule of thumb is to spend no more than 30% of your gross income on rent. That means if you earn $5,000 per month before taxes, you should aim to keep rent around $1,500. Try This: 4 Things You ...

Most forms of income count as taxable — but not all. Here’s how to calculate yours and some ways to reduce your liability. Many, or all, of the products featured on this page are from our advertising ...