Learn how the specific identification method lets you track individual inventory costs and improve sales insights. Ideal for ...

Discover the importance of LIFO Reserve in accounting, including its calculation, comparison with FIFO, and impact on taxes.

Quicken Business & Personal is generally much more affordable than QuickBooks, with annual subscription pricing that often ...

This special report introduces small area estimation as a modern approach for producing reliable, stand-level forest ...

To avoid confusion and the risk of penalties when switching to tax declaration from January 1, 2026, tax experts advise ...

The Chronicle investigations team had impact in Texas Lottery regulation, flood safety measures in Kerr County, and the ...

The Tribunal held that when closing stock is revalued under Section 145A to include tax components, opening stock must also be revalued on the same basis. The case was remanded to ensure consistent ...

Mumbai ITAT ruled that Section 145A is a valuation provision, not a charging mechanism, and deleted a ₹38.26 lakh MODVAT/CENVAT addition, highlighting that proper accounting and reconciliation prevent ...

Thousands of sacks of rice meant for Carcar City residents affected by last year’s El Niño phenomenon now sit under a cloud ...

As the year draws to a close, many business owners and finance teams find themselves balancing wrapping up operations with the essential task of preparing for tax season. December sets the tone for ...

Section 70302 appears to be a central procedural provision in the new law. Such sections often grant Treasury and the tax ...