US EditionChoosing the optimal accounting method for tax savings - Holbrook & Manter
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Choosing the optimal accounting method for tax savings - Holbrook & Manter
The accounting method your business uses to report income for tax purposes — cash or accrual — can significantly impact your tax bill. While the cash method can offer tax-saving opportunities, the accrual method may be more appropriate — or required — in some cases. So review your current method to help ensure you’re using the best method for your business. Who can use cash accounting? The Tax Cuts and Jobs Act made the cash method more accessib…
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