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Accounting Methods

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.

    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