Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.

Editor’s Note: This post is focused on helping you understand profit and loss statements. This financial statement is used by most small business owners to help assess business profits and losses ...

AI-generated summary reviewed by our newsroom. Read our AI Policy. New rates: North Carolina income tax is 4.25% for 2025 and 3.99% for 2026. Triggers tie further cuts to revenue; exceeding $33 ...

In a big relief to protesters and environmentalists, the Supreme Court stayed the verdict that limited the definition of the Aravalli range and decided against imposing a complete ban on mining ...

Imagine having a world where you no longer need to work to afford to live. While it may sound like a far-off dream, at least one tech expert predicts that could happen in the next two decades. Find ...

The Modi government last month implemented the 4 Labour Codes, which, among several other things, are expected to reshape how salaried Indians earn, save and pay taxes. These Codes are – Code on Wages ...

The University of Texas affirmed its “non-negotiable” commitment to academic freedom and serving the public in a new faculty-drafted statement on academic integrity. The statement, released Monday, is ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. A tax rise that would hit employees, pensioners, landlords and savers could be coming in the ...

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 ...

Most forms of income count as taxable — but not all. Here’s how to calculate yours and some ways to reduce your liability. Many, or all, of the products featured on this page are from our advertising ...

The prevalence of obesity in the United States could rise sharply under a definition of obesity released earlier this year by the Lancet Diabetes and Endocrinology Commission. Additionally, the ...

Income brackets and the standard deduction will increase slightly for the 2026 tax year, the Internal Revenue Service announced Thursday. Tax brackets will rise by about 4% for lower-income ranges and ...