I learned something surprising this weekend. A rule I was taught back in elementary school turned out not always to be true. In the process, I discovered something worrisome about myself and how we ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The method used to round numbers in accounting may portray an accurate or inaccurate appraisal of a company's financial condition. The amount of error increases with ...

Robert Breunig receives funding from the Australian Research Council, the Australian Treasury and the Australian Taxation Office. Australia’s tax system is needlessly complex, and that’s making it ...

Psychologists have discovered a “top-10 effect,” where people lump things into round-number groups and view everything else as inferior. The lesson? Never, ever be 11th. Nowhere is this tendency ...

It’s my annual "Taxes from A to Z" series! If you’re wondering whether you can claim wardrobe expenses or whether to deduct a capital loss, you won’t want to miss it. It's important to be accurate ...

It’s so tempting to round off numbers and present your audience with pretty whole numbers rather than cluttering up the text with decimal points and a string of digits. Sometimes rounding a number up ...

Humans are remarkably good at estimating magnitudes. For example, we can estimate the amount of time it will take us to drive from point A to point B, so we know what time we should leave. We estimate ...

When you import, enter or paste sales figures, salaries or other numeric data about your business into a Microsoft Excel worksheet, you can use multiple techniques to determine how many decimal places ...