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May 28, 2025
Question

Can someone help me figure out estimate yearly retail and service gross receipt for my new perfume business I need to show this to obtain business license

  • May 28, 2025
  • 1 reply
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It’s filing a business license I am just starting a new business and want to sell perfumes I can’t imagine especially in the first year I will sell more than 30000 bottles $1-10 per bottle so now to I complete the tax calculation section on business license app which is to estimate yearly gross receipts

1 reply

June 5, 2025

Assuming this is strictly a gross receipts estimation that does not factor in any business expenses, you will have to do your best to estimate how many of each bottle at certain pricing points you anticipate selling during the year.  

 

For example, if you believe you'll sell 500 of the $1 bottle, you would have $500 in gross receipts from that item.  If you think you'll sell 100 of the $10 bottles, then you'll have gross receipts of $1,000 from those bottles.  Combined, you would estimate $1,500 in gross receipts.  You will need to do this for each price point based upon your forecasted sales and complete the gross receipts section accordingly.

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