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Cover Your Ass Definition.



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The term “Cover Your Ass” is generally used in business to mean taking actions to protect oneself from possible future criticism or legal action. This can include everything from keeping detailed records to making sure all company policies are followed. The phrase is often used as a negative, implying that someone is more concerned with … Read more

What is the tax base?



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The concept of tax base is based on the amount that has been attributed to any asset, liabilities and assets of a company for tax purposes, and which is regulated by tax laws. We can also say that the tax base in accounting is the amount of all assets, liabilities and parts of the equity … Read more