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June 06, 2018 BY Esther Wolman

Tax Accounting Methods Modified under the Tax Reform Bill

Tax Accounting Methods Modified under the Tax Reform Bill
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The Tax Cuts & Jobs Act (TCJA) involves several changes to the rules governing choice of accounting method for businesses.

Specifically the gross receipts threshold for Cash Basis Accounting has been raised. The details and qualifications for this law change are outlined below. (more…)