All small businesses incur expenses in the operation of the business. Those expenses are deductible items that the business owner can use to reduce income, effectively lowering the amount of federal ...

Financial accounting is the process of recording and reporting your business’s income, expenses, assets and liabilities, often with the help of software. This information gives managers, owners and ...

Investors rely on the accuracy and honesty of financial statements prepared by corporations to help them make investment choices. Unfortunately, company officials don't always play by the rules.

The IRS on Wednesday finalized updates to various tax accounting regulations to adopt the simplified tax accounting rules for small businesses enacted by the law known as the Tax Cuts and Jobs Act ...