The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for ...

The ruling confirms that notional disallowances under Section 14A cannot be added while computing book profits under the MAT ...

I have a job and run a small business. Using ChatGPT to do my taxes would save me $6K on tax prep fees. But is trusting AI a ...

Discover what sundry income is, its impact on business finances, and see examples such as royalties and late fees. Learn how ...

The Board of Trustees of the PIMCO closed-end fund below (the “Fund”) has declared a supplemental year-end distribution for the Fund’s common shares as summarized below. The distribution is payable on ...

Learn the differences between gross and net earnings, including definitions and examples, to better manage your financial ...

In most cases, business credit card rewards aren’t taxable. The IRS generally treats rewards earned through spending as ...

The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

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) ...