Tag: biden
Will Accountants Work Harder With Biden at the Helm?
As soon as Joe Biden assumed control of the office, the world got excited to see a prime minister who would instill sudden changes...
Kicker
Most people are familiar with debt instruments such as bonds and notes. A relatively new addition to the debt landscape is the kicker, which...
Bait And Switch
DefinitionBait-and-switch is a form of fraud used in retail sales, but also employed in other contexts. Bait And Switch What is 'Bait And...
Bait Record
What is 'Bait Record' An internal control used in accounting to detect fraud and improper usage. Bait records are planted in computerized...
Capital Gains Tax
DefinitionA capital gains tax is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was greater than...
Fed Speak
What is 'Fed Speak' A phrase used to describe former Federal Reserve Board Chairman Alan Greenspan's tendency to make wordy statements with...
Tax Bracket
DefinitionTax brackets are the divisions at which tax rates change in a progressive tax system. Essentially, they are the cutoff values for taxable income...
Tax Code
DefinitionTax law is an area of legal study dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable...
War Chest
DefinitionThe Community Chests in the United States and Canada were fund-raising organizations that collected money from local businesses and workers and distributed it to...