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 ...
Houston Chronicle

Determining the Basis of a Limited Partnership With a Negative Capital Account

When you form a small business by creating a partnership, you and your partners contribute assets to the new company. This is the basis for each partner's interest in the company. Each partner forms a ...
Houston Chronicle

What Does Accounting Basis Points Mean?

Basis points are often used in accounting and in the financial services field to simplify percentages written in decimal form. Basis points are sometimes used because they don't require the accountant ...
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 ...
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 ...