Recent content by stevesmith

I’ve been hearing more about account takeover fraud, where scammers gain access to someone’s online banking, email, or financial accounts and use them to steal money or personal information. With so many apps and platforms now linked, it seems like this type of fraud is becoming more common and...

It was not until the mid-20 th century that women were generally permitted to open bank accounts on their own. Women in most countries had to be granted the permission of a husband or other male guardians. An illustration is in the U.S., where women acquired full legal rights under the Equal...

Does anyone know if pet tax deductions 2025 are allowed? Can I claim vet bills, food, or pet insurance under current tax laws? I’ve heard some cases allow deductions for service animals or pets used for business. Any clarity on what’s actually deductible this year would help

I’m looking for updated information on the Tax Card 2025-26 and the latest income tax slabs for this financial year. Have there been any major changes in rebate limits, deductions, or standard exemptions under the new tax regime? It would be great if someone could share a clear comparison...

An acquisition occurs when one firm buys the majority or all of another's stock or assets in order to obtain control, extend market presence, secure valuable resources or technology, and realize synergies. It differs from a merger in structure, and it might be amicable or hostile.

A fixed asset depreciation policy governs how an organization allocates the cost of tangible assets throughout their useful life. It defines procedures (straight-line, falling balance, and so on), rates, and asset categories to ensure accurate financial reporting, conformity to accounting...

In a volatile price environment, FIFO is more profitable but more taxed, LIFO is less taxed but non-IFRS compliant, and Weighted Average averages price changes to generate consistent outcomes. Transparency and compliance auditors typically use FIFO or Weighted Average. Weighted Average is useful...

Yes, there have been cases of cyberattacks on cryptocurrency ledgers and exchanges, although the specifics vary depending on the platform and timing. Always check official sources for confirmed information.

I was reading about Morgan Stanley’s leadership team and wanted to know who currently serves as the company’s Chief Financial Officer. When did they take on the role, and what’s their background or previous experience within the organization?

New York State says that all tax returns must be e-filed and that paper filings won’t be accepted. They also mention that e-filing to the state is free and included in the cost of tax software like TurboTax. Is this actually true? When filing a New York State return through TurboTax, does it...

The chief financial officer, or CFO, is a senior executive responsible for managing the financial health and strategic direction of a firm. Compliance, risk management, financial reporting, and financial planning are some of their responsibilities. CFOs are essential in strategic...

Instead of working full-time, a fractional CFO (Chief Financial Officer) is a financial specialist who offers CFO-level services on a project or part-time basis. In essence, they provide a CFO's strategic financial advice to a number of clients, usually startups and small to medium-sized...

The C-Suite is the group of senior executives at a firm and their titles most commonly start with the word Chief, like CEO (Chief Executive Officer), CFO (Chief Financial Officer), and COO (Chief Operating Officer). These leaders are involved in making the major strategic decisions, operations...

Operating profit refers to the amount of money that a business makes due to its operations and subtracts its operating costs such as wages, rent, and depreciation but does not deduct its interests and taxes. It demonstrates the effectiveness of the primary operations of a company and serves as...

Under a lease arrangement, a lessor—also known as the owner of real estate, machinery, or automobiles—grants another party the right to use the property. The person or company that hires or rents the asset and pays the lessor a specific sum for its use is referred to as the lessee.