You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...
Investors should closely scrutinize the quality of financial statements as net income can sometimes be manipulated through questionable accounting practices. For individuals, net income is the amount ...
The IRS released the new federal income tax brackets and standard deductions for 2026. Here's what to know about the new tax rates and how the changes will affect you. New IRS updates announced on ...
President Donald Trump is no stranger to big changes in tax policy, and one of his proposals is perhaps his most audacious yet: a proposed elimination of the federal income tax. While this hasn’t come ...
The income tax return (ITR) filing for non-audit taxpayers for the financial year 2024-25 (assessment year 2025-26) concluded on September 15, 2025 after an extension of 45 days. The cutoff date ...
The deadline to submit an income tax audit is September 30, 2025, weeks after the due date to file an income tax return (ITR) for most people, Hindu Undivided Family (HUFs), and other entities not ...
This article explains, in a practical and authoritative manner, the legal framework, definitions, judicial interpretations, and step‑by‑step procedural mechanics for obtaining registration/approval ...
Washington, D.C. – Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, published two proposed rules to eliminate more than ...
The accounting scandal that has engulfed WHSmith deepened this weekend after The Mail on Sunday revealed the retailer is relying heavily on promotional income from suppliers to hit sales targets. The ...
The Board of Tottenham Hotspur Limited (“Tottenham Hotspur”, the “Club” or the “Company”) is aware of recent media speculation and confirms that its majority shareholder, ENIC Sports & Developments ...
ITR filing FY 2024-25: When filing ITR for FY 2024-25, profits and losses from F&O trading must be reported as business income, impacting tax calculations and potentially requiring an audit if ...
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