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Accounting Methods

Accounting Methods

  1. Case Study
    high-dollar acquisition

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

  2. Webinar

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

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

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

  4. Article
    Crane and building opportunity zones

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

  5. Article
    Woman working from her home office

    Home office deduction

  6. Article
    2020 year-end tax planning

    2020 year-end tax letter

  7. Article

    New procedures on small business taxpayer accounting methods

  8. Article
    people walking across the street

    IRS provides transitional guidance on advance payments

  9. Webinar

    Tax reform webinar series: accounting methods and tax credits

  10. Case Study
    warehouse deliveries

    Accounting method change cuts inventory costs 30 percent

  11. Case Study
    person holding shopping bags

    Eighty-store franchisee group saves millions in tax dollars

  12. Case Study
    Colorful buildings in the city

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

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
    person holding shopping bags

    Eighty-store franchisee group saves millions in tax dollars

    Case Study
    Colorful buildings in the city

    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