The Tribunal held that income admitted during search cannot be treated as undisclosed income unless supported by incriminating material found in the search. In the absence of such material, penalty ...

Gaviota, GAESA’s tourism group, was making 42% net profits in the first quarter of 2024, double the average in the global ...

Learn how ROAA measures asset profitability, particularly in banking. Discover its formula, usage, impact across industries, ...

Discover what sundry income is, its impact on business finances, and see examples such as royalties and late fees. Learn how ...

Start by looking at cash flow from operations, the section that tells you how much money the company’s main business is ...

This article discusses the evolution of how R&D expense has been determined and whether the Trump Administration will save ...

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

There was no rise in the rate of income tax. Still, the Budget is likely to push up your tax bill before the end of this parliament. That's because the chancellor has opted to freeze tax thresholds - ...

More than 72 million people in the EU were classed "at risk of poverty" in 2024, representing 16.2% of the population. Even so, living on the breadline looks vastly different when comparing poverty ...

If a surprise £10 appears in your bank account this December, there's no need for alarm. It's likely the tax-free, automatic 'Christmas Bonus' payment from the Department for Work and Pensions (DWP), ...

The University of Texas affirmed its “non-negotiable” commitment to academic freedom and serving the public in a new faculty-drafted statement on academic integrity. The statement, released Monday, is ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...