Businesses make advance payments for a variety of different expenses. Any expense that is paid in advance of actually receiving the benefit of the payment is considered a prepaid expense for ...

Businesses and individuals alike incur expenses. To generate revenue, entities must pay for expenses such as supplies, wages, facilities, utilities, rent, equipment, and vehicles. For corporations, ...

Prepaid expenses are any money your company spends before it actually gets the goods or services you're paying for. Prepaid revenue – also called unearned revenue and unearned income – is the reverse; ...

Late last week, I got an email from a young go-getter at PwC asking me to write about a certain topic for a Tax Geek Tuesday. Now normally, because I'm a miserable curmudgeon who doesn't like being ...

ST. PAUL -- Year-end tax planning for calendar year 2008 is upon us, and prepaid farm expenses are one area of concern for many farm operators as they execute year-end tax planning strategies. If you ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...