The accounting industry is always evolving amid complex rules and regulations. These articles feature timely updates on a variety of accounting topics.
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and the personal exemption...
How much do you really know about accounting for property, plant, and equipment? U.S. Generally Accepted Accounting Principles (GAAP) permits some leeway when...
Nearly every business owner wants to grow his or her company, but with growth comes risk, and that can keep you from taking...
Investment asset classes include precious metals, especially gold. Enthusiasts cite several reasons for including gold in a diversified portfolio. If governments print money...
In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and self-employment income. The...
Employers: For Social Security, Medicare, and withheld income tax, file Form 941 for the third quarter of 2016. Deposit any undeposited tax. (If...
The statement of cash flows highlights the sources and uses of cash. It is arguably the most misunderstood and underappreciated part of a...
Like many companies, yours probably stores at least some of its business files, documents, and information in 'the cloud.' This is the widely...
The arrival of a newborn can be a joyous occasion. Even while emotions are at their peak, though, you should not neglect the...