Inspired Perspectives - Accounting Method Developments

Course Description: Reporting income and expenses in the proper period can generate valuable cash savings and avoid potential conflict with the IRS. Additionally, the Tax Cuts and Jobs Act provided a variety of new opportunities and challenges related to accounting methods. Join us to learn more about recent developments in the area of accounting methods and periods, and learn what your clients should be doing to assure they’re making the most of their revenue and expense recognition methods. Learning Objectives: Discuss current trends, developments, and opportunities in the area of accounting methods Review the process and requirements for adopting and changing of accounting methods applications Discuss actions necessary to comply with recent tax legislation and take advantage of available opportunities