An asset is a resource that generates an economic benefit for a business. An intangible asset is a non-physical asset, such as a copyright, patent or trademark. You recognize intangible assets in your ...

Expenditures for business items that have no future life (such as rent, utilities or wages) and are incurred in conducting normal business activities which a business owner may deduct from gross ...

Although different businesses have different costs associatedwith them, the main operating expenses of most businessesinclude: Rent. Under many lease agreements, you’ll be expected toprovide the first ...

On the surface, it might seem that entertainment and marketing expenses are completely different categories for a business. However, both types of expenses are closely related in a number of ways. For ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...

CPA at Centaur Digital Corp, helping busy business owners decrease the amount of time and energy needed to manage their accounting system. Let’s start with a hypothetical scenario: Steve started a ...

Business travelers have a lot of expenses to keep up with from hotels to taxis to tips. To keep things simple, the Internal Revenue Service (IRS) allows the use of per diem (Latin meaning "for each ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Joules Garcia Losses and loss-adjustment expense refers to the reserves set ...

If you are managing a portfolio of mutual funds, Exchange Traded Funds (ETFs), or even rental property, you are constantly seeking ways to maximize returns. But have you spent enough time examining ...