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;
1 Then operating expenses.  Gross margin less operating expenses is gross profit, also called EBITDA for âearnings before interest, taxes, depreciation and amortization.â I use EBITDA instead of the more traditional EBIT (earnings before interest and taxes).