Maillie LLP’s Post

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. https://bit.ly/3AvH4UX

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. https://bit.ly/3AvH4UX

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. https://bit.ly/3AvH4UX

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. https://bit.ly/2GhslyQ

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. https://lnkd.in/gFPKYXqp

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. https://lnkd.in/gbux872S

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. Contact us 305-860-9910

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. For more information please visit our website at https://bit.ly/tax-briefs

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. For more information please visit our website at https://bit.ly/tax-briefs

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for businesses that qualify, but some may be better off using the accrual method. Cash-basis businesses recognize income when it’s received and deduct expenses when they’re paid, so they have greater control over the timing of income and deductions. In contrast, accrual-basis businesses recognize income when it’s earned and deduct expenses when they’re incurred, regardless of the timing of cash receipts or payments. That means they have less flexibility to time income or expenses. We can help you evaluate the most beneficial approach. For more information please visit our website at https://bit.ly/tax-briefs