If filing your small business taxes yourself becomes too complicated or confusing, it's advisable to consult with a professional the first time so you'll understand all of the steps and documentation needed. Step 1. Gather each tax form you need to fill out for the type of business you own.
Definition of profit sharing. : a system or process under which employees receive a part of the profits of an industrial or commercial enterprise.
Profit margin, also known as net margin, net profit margin, or net profit ratio, is the net profit as a percentage of net revenue â the percentage of selling price that turned into profit, i.e. the amount by which revenue from sales exceeds a businessâ costs. Put simply, it is a measure of a businessâ profitability.