business accounting method – The Burns Firm – Advisors of Complex Financial Matters

Choosing the Right Accounting Method for Tax Purposes

August 21st, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, S Corporation, Tax, Tax Return|Tags: Accounting, accounting method, accrual method of accounting, business accounting method, cash method of accounting, CPA, tax, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — [...]