8 Things You May Not Know About Queen Elizabeth II. Explore eight interesting facts about Britainâs long-serving monarch, who ascended the throne upon the death of her father in February 1952.
Net operating loss (NOL) A net operating loss (NOL) results when a business allowable deductions exceed its gross income for the tax year. It can use the NOL in another year to reduce taxable income. When the NOL is carried back to a previous year a refund may result. While less common, individuals may have an NOL from expenses other than business losses, including: Employee business expenses;
The primary types of operating expenses include payments that are related to compensation, sales and marketing, office supplies and non-facility fees. An operating expense tied to compensation could include pension plan contributions, sales commissions or benefits, and pay for non-production employees. Sales and marketing departments often accrue different operating expenses such as costs for advertising, sales materials, travel, direct mailings and entertainment provided for clients and customers.