Understand complex tax rules and how accounting methods can impact your business.
Most taxpayers don't understand the importance of determining when and how to report their income and expenses for tax purposes. Reporting income and expenses in the proper period can generate valuable cash savings and avoid potential conflict with the IRS. In many cases, tax accounting rules differ from traditional financial accounting rules, which can result in unexpected sources of opportunity and risk for taxpayers.
If you have income and expenses, you can potentially benefit from a review of your tax accounting methods. Our accounting method professionals can help you understand the complex tax rules surrounding revenue and expense recognition, inventory accounting and capitalization, and cost recovery of tangible and intangible assets.
Tax News & Views Blog
From compliance to complex tax scenarios – Eide Bailly can help.
Accounting Methods Leadership
Andrea B. MouwJ.D.
Partner/Accounting Methods and Periods Practice Leader