On December 3, the Supreme Court of Delaware issued an important decision related to purchase price adjustments and, specifically, how a seller's misapplication of accounting rules can leave buyer on ...
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Two sets of proposed Treasury regulations issued on Thursday provide new rules on how taxpayers treat income from advance payments under new book-tax conformity rules. One set of proposed regulations ...
F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...
Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Some people still believe that the 150-hour rule has elevated the accounting profession. I’m ...