Being able to survive and thrive as a business owner has as much to do with managing costs as it does with generating revenue. Like the chief financial officer of any company, you have to be concerned ...

Businesses use the high-low method of accounting when they want to accurately calculate the variable and fixed costs for a certain amount of sales. If a business finds that certain sales levels are ...

Fixed price policies uses pricing methods that build on circumstances unique to the type of business setting the price. Small businesses can facilitate earnings targets, cost recovery and market share ...

Learn what basis value is, how to calculate it, and see examples to understand its role in reducing tax burdens on fixed assets when sold.

In financial accounting and taxes, attributing expenses to the correct category isn’t just a tip or guideline; it’s a requirement when filing IRS forms, requesting grant funds, or reporting to ...