cornerstone domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/popupbooks/public_html/wp-includes/functions.php on line 6131paid-memberships-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/popupbooks/public_html/wp-includes/functions.php on line 6131coachpress domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/popupbooks/public_html/wp-includes/functions.php on line 6131HI Deborah! Great question! The gross profit margin for our industry is between 40-60%. If you were say only making a 20% margin you may be in a red flag category if they don’t see you liquidating inventory to go out of business. It would be questioned that you were hiding income to deter paying taxes. Your net profit would in turn be negative year after year in some cases and the IRS would look at it like you were avoiding taxes. Having roughly the same profit margin from quarter to quarter is a good indicator you haven’t missed anything unless you know you donated or wholesaled inventory in that quarter to warrant a decrease in profit margin.
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