Cost basis is the original purchase price of an asset. Tracking cost basis is key to tax-efficient investing. Many, or all, of the products featured on this page are from our advertising partners who ...

In January, 1923, Lee Strasberg went to Al Jolson’s 59th Street Theatre to see “Tsar Fyodor Ivanovich,” a nineteenth-century Russian play about sixteenth-century Russian politics, performed, in ...

The GST quick method can simplify tax reporting for small businesses—but it’s not right for everyone. Here’s who qualifies and when it can save money. When a business hits $30,000 of revenue in four ...

La Trobe University researchers have developed a new way to measure and report the environmental performance of farms in a move that could pave the way for future "sustainability ratings" on consumer ...

"Last in, first out" is the most useful email strategy. Lindsey Ellefson is Lifehacker’s Features Editor. She currently covers study and productivity hacks, as well as household and digital ...

Retailers are trying to manage cost increases from President Donald Trump's tariffs. A practice known as retail inventory method accounting could affect how higher costs show up in companies' profit ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...

Senate Republicans used their majority on Monday to set a new budgeting precedent, disregarding longstanding rules affecting which bills can be shielded from a filibuster. By Andrew Duehren Reporting ...

The Internal Revenue Service has released Rev. Proc. 2025-23, which updates the list of automatic procedures for taxpayer-initiated requests for changes in methods of accounting. Processing Content An ...

In Rev. Proc. 2025-23, the IRS on Monday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently ...