Accounting Methods Review

Changing Accounting Methods

Due to the uncertainty in this current economic climate, your organization may be looking to new ways to; increase cash flow, create deferred tax liabilities or generate significant tax deferrals; one way to do this is by changing your accounting method.

Currently, there over 100 automatic accounting method changes that could help you achieve your goals. In addition to these automatic accounting method changes, other opportunities are also available through non-automatic accounting method changes.

Tax Accounting Methods

The typical candidate for accounting method review procedures are companies with either a current taxable income, or current taxable loss coupled with taxable income for the previous two years. Miller Kaplan’s tax professionals are familiar with the intricacies with the most of the existing accounting method opportunities.

To find out more about our tax accounting methods review services, please contact us online online or by phone at (818)769-2010 to discuss your situation.