Archives for 2011

Once you get on TheBodyShop-usa.com add the bag you see on the front page to your cart. It is $5 and $2 of it is donated to one of a list of charities selected by The Body Shop

By purchasing this bag you get 50% off almost everything on the site. The exceptions are the gift baskets and gift cards etc.

When you finished purchasing what you would like to get use the code FREEJOY. This will give you FREE shipping (no minimum).

In a few days 5% of your total will appear in your Ebates account. In addition if you are a new Ebates user as long as you spend $25 at The Body Shop you will get a $10 gift card to the store of your choosing.

So if you like The Body Shop I would jump on this sale. It’s a VERY good one!

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Ask an Accountant: What is Net Profit?

by Dana Zeliff on December 28, 20112011-12-28
in Worth Reading

Disclosure: This post may contain an affiliate link.

Thanks to Mom on Dealz for sharing her series, Ask an Accountant! Sharon is married to an experienced accountant. We’re heading back into tax season so get your tax questions answered from a professional.

See more Ask an Accountant posts to see if you’re tax question has been answered.

It’s almost December so I know many of you may be scrambling to get your year end tax information organized.

Question:
I have a small business and I was wondering if I pay my taxes based on the income I earn or the income left after I have paid expenses?

Answer:

You would pay your taxes on the net profit. Net profit is calculated as follows:

Gross Revenues – Cost of Goods Sold (Direct Costs if a service business) – Operating Expenses (advertising, bank fees, rent, subcontractors, etc…) – Depreciation of Fixed Assets = Net Profit. Keep in mind that not all cash outflows are considered expenses. For example, purchase of inventory, sales tax payments, principal payments on loans, payroll withholding payments, loans or distributions to owner/member/shareholders, and personal income tax payments or estimated tax payments are not expenses.

Please keep in mind this post is for informational purposes only and answers given are very general. Do not rely on this column for definite tax answers as many things depend on individual circumstances. Please contact your personal accountant or financial advisor for your particular situation.

photo credit: austinpost.org

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Food Lion Deals 12/28 – 1/3

by Dana Zeliff on December 28, 20112011-12-28
in Food Lion, Store Deals

Disclosure: This post may contain an affiliate link.

Thanks to A Frugal Chick for providing weekly Food Lion deals! See the complete list of matchups here.

Green Giant Box Vegetables 9-10 Ounce $1.00
– $0.60/3 Green Giant Frozen Boxed Vegetables, exp. 2/4/12 (SS 12/11/11)
– $0.60/3 Green Giant Boxed Frozen Vegetables, exp. 1/7/12 (GM 11/13/11)
Final Price: $.80 each when we buy 3

Fresh Express Garden Salad or Dole Classic Iceberg Salad 12 Ounce $.99

Excedrin 20-24 Count Caplets, Geltabs or Tablets $2.99
– $2/1 Excedrin Product, exp. 1/7/12 (SS 12/04/11)
– $4/2 Excedrin Product, exp. 1/7/12 (SS 12/04/11)
Final Price: As low as $.99 if all varities included

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