Are you taking full advantage of income deferral or deduction acceleration? Many companies do not use the most tax-efficient accounting methods. So they may not be leveraging opportunities to maximize cash flow. Do you know which current statutory provisions allow for income deferral or deduction acceleration? Expanded automatic consent procedures ease the process, but do you know which accounting method changes are subject to them?
If your business cannot address these issues efficiently and effectively, or if you do not have the in-house know-how to handle this task, we can help. Consider these services: