When running a small business, coming up with a value for your ending inventory on hand is essential for tax purposes. The process of determining how much your ending inventory is worth can vary, ...

Determining the value of inventory is an important part of accounting. In order to calculate the profit on a sale, a cost must be assigned to the item sold. A business that is selling large amounts of ...

When you redeem your mutual funds after holding them for a period longer than 12 months, long-term capital gains (LTCG) tax is payable on them. When the redemption takes place in less than 12 months, ...

Tax reform efforts have been fast and furious in recent months, and with both the House of Representatives and the Senate having gone through their own processes to come up with proposals, key ...