Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

The outgoing top prosecutor for the nation’s capital said that he doesn’t see a basis for President-elect Trump to pardon those who stormed the Capitol on Jan. 6, 2021, in an exit interview ...

In 2023, the HMRC announced the implementation of reforms to the basis period method for taxation, applying to unincorporated businesses and limited liability partnerships (LLPs), with effect from ...