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01Aug 19

Method of Accounting for Taxable Income

There are various methods on how to calculate taxable income for businesses. The two most common methods are called cash basis and accrual basis. The difference between cash and accrual…

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14Nov 18

New Business-Related Tax Rules for 2018

The business-related provisions in the TCJA are permanent and generally take effect beginning with 2018 tax years. For businesses, highlights of the new law include: (1) an increase in amounts…

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