Bournemouth managed to avoid breaching the Premier League’s profitability and sustainability rules (PSR) after having a £71.4million shareholder loan write-off approved by the league.

Here are a few key differences between loan write-off and waive-off: A loan write-off is the process of transferring a loan ...

If your life has been upended by a wildfire, hurricane, flood, tornado, or another disaster this past year, the IRS ...

On Tuesday, Republican senator Bernie Moreno of Ohio introduced the United States Automobile Consumer Assistance and Relief ...

Here are four situations that count toward a tax break and other gray areas to consider before claiming your pet costs on ...

That's called depreciation. According to the IRS, if business purchases will last you more than a year, you can write off the depreciation of their value on your tax return. You can potentially deduct ...

There's a very specific kind of magic that happens when you're doing your taxes and the number in red suddenly flips to green ...

Business leaders have also called on the government to extend the support measure to the next financial year, after Tuesday’s federal budget made no mention of the tax write-off scheme.

Hospitals have recently written off a frightening £256.4 million, a significant amount of which is owed by foreign patients who came here for pre-planned NHS treatment. This sum could pay for ...

The $20,000 instant asset write-off scheme boost was not extended in this year's federal budget. · Source: Getty/AAP The instant asset write-off limit was temporarily increased from $1,000 to $20,000 ...