Eide Bailly Inspired Perspectives | Accounting Method Developments

Course Description: Reporting income and expenses in the proper period can generate valuable cash savings and help you avoid potential conflict with the IRS. The IRS has released new guidance that provides significant accounting method opportunities for taxpayers. Join us to learn more about recent developments in the area of accounting methods and periods, and learn what you should be doing to assure you are making the most of your revenue and expense recognition methods. Learning Objectives: Discuss current trends, developments, guidance and opportunities in the field of accounting methods. Examine the processes and requirements for adopting and changing accounting methods. Define the necessary actions to comply with recent tax legislation and take advantage of available opportunities.