Discover the importance of LIFO Reserve in accounting, including its calculation, comparison with FIFO, and impact on taxes.

Learn what cost basis is and why it matters when you report crypto gains. Know how to calculate it using FIFO or LIFO and ...

Learn how to report crypto gains correctly. Know how to calculate profits, distinguish gains from income, and file taxes for trading, staking, and NFTs.

Nvidia commits up to $10 billion, Microsoft up to $5 billion to Anthropic Partnership aims to reduce Microsoft, Nvidia reliance on OpenAI — analysts Anthropic's business has boomed thanks to its ...

Google’s current mission is to weave generative AI into as many products as it can, getting everyone accustomed to, and maybe even dependent on, working with confabulatory robots. That means it needs ...

The growing desire for sovereign cloud is transitioning to become a need for sovereign AI. Companies and individuals want the benefits of artificial intelligence, but don’t want to risk their data by ...

The alternative minimum tax represents one potential caveat to the widespread and, mostly, correct belief that the One Big Beautiful Bill Act cut everyone's payments to Uncle Sam. Processing Content ...

The original version of this story appeared in Quanta Magazine. If you want to solve a tricky problem, it often helps to get organized. You might, for example, break the problem into pieces and tackle ...

Of all of the hyperscalers and cloud builders, Meta Platforms has always been the one that we expected to design and have manufactured its own CPU and XPU accelerator compute engines. The reason is ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

QuickBooks Online is a great accounting platform for handling complex tasks and customizing workflows, and performed well in our research and testing. There’s a reason it’s the best accounting ...