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Accounting Methods

Accounting Methods

  1. Article
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    Updates from the Statutory Accounting Principles Working Group’s Aug. 13 summer national meeting and the NAIC/AICPA (E) Working Group

  2. Article
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    Updates from the Statutory Accounting Principles Working Group’s March 16 spring national meeting

  3. Article
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    Updates from the Statutory Accounting Principles Working Group’s Jan. 10 interim meeting

  4. Article
    aerial view people at long table collaboration

    Updates from the Statutory Accounting Principles Working Group’s Dec. 1 fall national meeting

  5. Article
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    Accounting update to long-duration insurance contracts

  6. Article
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    Updates from the National Association of Insurance Commissioners’ 2023 summer national meeting

  7. Article
    Group of professionals meeting with tablet and charts

    Important accounting method updates and reminders for 2023

  8. Article
    people riding escalator in motion

    2022 accounting method issues and developments

  9. Case Study
    high-dollar acquisition

    Baker Tilly assists emerging growth technology company with $300 million sale

  10. Webinar
    Team meeting around a computer to analyze data

    Insurance hot topics virtual series: accounting, tax and statutory update

  11. Article
    2020 year-end tax letter men looking at accounting graphs

    Proposed regulations issued to implement TCJA small business taxpayer simplified accounting methods

  12. Article
    Crane and building opportunity zones

    Opportunity zones – reminder of COVID-19 relief and remaining areas of uncertainty

  13. Article
    Woman working from her home office

    Home office deduction

  14. Article
    2020 year-end tax planning

    2020 year-end tax letter

  15. Case Study
    warehouse deliveries

    Accounting method change cuts inventory costs 30 percent

  16. Case Study
    Colorful buildings in the city

    Change in accounting method nets rental real estate developer $2.3 million tax deduction on stagnant property

  1. Caitlin Slezak

    Caitlin Slezak

    CPA, MST

    Director

Our accounting methods professionals specialize in identifying, substantiating and documenting federal accounting method changes. By ascertaining and employing the most favorable methods of accounting, we can accelerate deductions and defer revenues to significantly increase a company’s cash flow.

    Case Study
    warehouse deliveries

    Accounting method change cuts inventory costs 30 percent

    Case Study
    Change in accounting method nets rental real estate developer $2.3 million tax deduction on stagnant property

    Change in accounting method nets rental real estate developer $2.3 million tax deduction on stagnant property

    Regardless of a company’s financial and operating status, tax planning can provide a variety of strategies to help companies preserve, acquire or maximize cash. Implementing an accounting methods change is one such strategy.

    We help not only existing businesses establish beneficial tax accounting methods, but also startup, acquired and reorganized companies adopt efficient methods as they begin anew.

    Our accounting method services:

    Income

    • ASC 606 revenue recognition tax implementations
    • Tax reform revenue recognition and small business simplification amendments 
    • Advance payments (gift cards, memberships, subscriptions, goods, services)
    • Long-term contracts

    Deductions

    • Self-insured medical IBNR
    • Accrued bonuses
    • Accrued professional fees
    • Software development costs
    • Prepaid expenses
    • Bad debt expenses
    • Sales incentives, rebates, allowances
    • Depreciation
    • Inventory UNICAP, reserves/write-downs
    • Section 467 rental expenses
    Fiber optic lights

    Article

    New procedures on small business taxpayer accounting methods

    Brightly lit city buildings at night

    Article

    IRS provides transitional guidance on advance payments

    Neighborhood street leading to state and local government building

    Webinar

    Tax reform webinar series: accounting methods and tax credits