Suppose you buy a major asset like a new piece of machinery. Under standard accounting rules, you cannot write off the cost of the machinery in the year you incur the expense. Rather, you have to ...

The right accounting package should (1) give you the information you need for management, tax estimation and tax preparation, and (2) enable you to easily input the figures. Management needs are ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Accounting profit is the net income ...