What Is Accrual Accounting, and How Does It Work?

With accrual accounting, a business records revenue or expenses when a transaction occurs using the double-entry accounting ...
Accounting Today

Kenji Kuramoto, founder of Acuity, joins Basis

Basis announced the appointment of Kenji Kuramoto, founder of Acuity, which last year merged with thirteen other firms to ...
Troy Record

Silver Cost Basis Brings Clarity to Account Transfer Processing

NEW YORK, May 4, 2021 /PRNewswire/ — Silver Management Group of Companies today announced further enhancements to Silver Cost Basis — its regulatory cost basis processing and transfer reporting ...
Houston Chronicle

Difference Between Accrual & Cash Basis Tax Returns

Starting a business can be fun, but choosing an accounting system is boring. As soon as a business begins operations, the owner must decide which accounting method to use to record the company's ...
Law

IRS Requires Reporting of Tax Basis Capital Accounts

In their Real Estate Financing column, Ezra Dyckman and Charles Nelson discuss the new 2020 partnership tax basis capital account reporting requirements which "give the IRS much more visibility into ...