If you love the taste of a good cup of coffee, but often think you could make a better one than some of the high-priced chains, then consider opening your own coffee shop. According to the 2011 Coffee Statistics Report, coffee shops are gaining speed rapidly in the restaurant industry with a seven percent growth rate. Overall, coffee shops average sales of 230 cups every day. That equals an estimated annual revenue of $250,000 or more each year, depending upon the cost per cup and your actual location and sales. Find a location with a high number of passersby.
While the term âgross proceedsâ is generally applicable to the sales tax and âsales priceâ is generally. applicable to the use tax, the term âgross proceedsâ is the basis or measure of the use tax for certain. services that are subject to the use tax as well as the sales tax. See South Carolina Code Â§12-36-1310(B).
CHAPTER 13: NET INCOME (LOSS) FROM RENTS, ROYALTIES, COPYRIGHTS . AND PATENTS . TABLE OF CONTENTS . I. DIFFERENCES BETWEEN PENNSYLVANIA PERSONAL INCOME TAX AND FEDERAL INCOME TAXATION.....3 A. Rents Classified as Net Income (Loss) from the Operation of a Business,