The Federal Government may raise excise duties on alcohol, tobacco, and other so-called “sin goods” as part of sweeping tax ...

Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.

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

Small business owners must deal with numerous accounting reports to monitor their business’s finances and ensure its financial health. Profit and loss statements, accounts receivable aging reports and ...

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 ...

Here's a comprehensive exploration of the single-step income statement, a fundamental financial reporting tool that offers a straightforward view of a company's profitability. This analysis will cover ...

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 ...