The difference between net income and pretax accounting lies in fiscal debt, which is money a company must send the Internal Revenue Service on a quarterly or annual basis. Understanding the ...

Payroll may be one of the most disliked tasks, but it’s also one of the most critical in many businesses and practices. With ever-shifting hours and earnings, as well as withholdings that may differ ...

"The accounting industry's debate over 'gross method vs net method' in revenue recognition stems from differing views on accounting treatment, and perspectives vary depending on interpretation.