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 ...

Investors are sometimes reluctant to sell a stock because the capital gains tax will be substantial. Here are some considerations and solutions. If you hold investments in a taxable non-registered ...

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 ...

Good morning. Walmart, the largest retailer in the U.S., has warned that it will need to raise prices on some products to offset the added costs from President Trump’s tariffs, despite ongoing efforts ...

Trump, Macron meet as U.S. backs Russia over Ukraine in U.N. vote 10 Old Home Features No One Knows How to Use Anymore Lester Holt is stepping down as anchor of 'NBC Nightly News' after a decade The ...

FIFO, HIFO and Spec ID (among others) are key methods to calculate crypto tax liability. The choice of method affects your taxable gains and overall liability. Record-keeping is crucial for compliance ...

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? It could mean you stocked up in preparation for a big sale or rise in ...

Constantly unearthing expired food in the backs of your cupboards and corners of your fridge are signs that you have an inefficient kitchen setup. Luckily, there's an easy fix. Toss aside your prior ...