The addition was struck down as income was taxed before execution of sale deeds. Advances shown as liabilities were correctly offered to tax only when ownership passed to ...

Senators Ron Wyden and Elizabeth Warren want to know if the DOJ plans to defend the IRS against Trump's $10 billion lawsuit ...

Flexsteel Industries Q2 shows YoY revenue growth driven by tariff surcharges, not volume. Click here to find out why FLXS is ...

The passage of five spending bills ended the partial government shutdown, but billions were cut from the Internal Revenue Service.

Safe reported over $10M in annualized revenue in 2025, processing $600B in transactions as institutional adoption accelerated ...

Accounting Today's own Year Ahead survey found that a significant proportion of firms are still experiencing staffing issues: for large firms, recruiting and retaining good employees was the No. 1 ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

Under Armour's insurers agreed to cover those claims under a 2016-2017 policy. Continental Casualty Company provided $10 ...

Learn how accounting earnings are calculated, their role in financial statements, and their influence on stock valuation with insights into net income and expenses.

Method Transforms Service Contract/Extended Warranty Accounting for $250 Billion+ Global Industry; Projected To Unlock ...

A one-time accounting change will boost the bank's ability to spend on marketing. Traders flinched at the change; analysts called it a buying opportunity.

Microsoft has reported Q2 fiscal 2026 revenue of $81.3 billion with cloud topping $50 billion for the first time, though OpenAI accounts for 45% of backlog.