Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

The dispute concerned late filing of an audit report triggering penalty under section 271B. The Tribunal accepted personal hardship and first-year audit obligation as reasonable cause under section ...

The Tribunal held that delayed responses to statutory notices do not attract penalty when full compliance is ultimately made and accepted before assessment completion. The key takeaway is that ...

Quite a few people have sent me a report seemingly commissioned by the GoldBod and written by three economists, some with ...

As global payments shift toward instant settlement, cryptocurrencies built for real-world transfers are gaining renewed attention. While the broader market rema ...

Quite a few people have sent me a report seemingly commissioned by the GoldBod and written by three economists, some with ...

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...

The IRS has released Form 4547, allowing parents to register eligible children for Trump Accounts when filing 2025 tax ...

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Here's what you need to know about how Custom Designs work in AC: New Horizons.