What’s the Best Accounting Method Route for Business Tax Purposes?
RogerRossmeisl
FEBRUARY 25, 2024
Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Before the Tax Cuts and Jobs Act (TCJA) took effect, the gross receipts threshold for classification as a small.
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