Ask someone to define a year and they’ll probably say January 1 to December 31. That’s correct of course—but it’s not the only correct definition. January to December represents a calendar year: the ...

Both calendar and fiscal years last for 365 days, but can begin on completely different dates. Some businesses opt to make their fiscal year the same as the calendar year for convenience's sake. There ...

The terms "fiscal year" and "financial year" in the U.S. for companies are synonymous. They both refer to an accounting period of 12 consecutive months. However, because of the meaning of fiscal year ...

Wondering why all of this budget shutdown mishegoss is happening right now? Well, October 1 is technically New Year’s Day for the federal government’s finances. And apparently, Congress’s resolution ...

House Majority Whip Tom Emmer (R-Minn.) on Thursday floated changing the structure of the federal government’s fiscal calendar by moving the end-of-year Sept. 30 deadline to prevent the cycle of ...