Flexibility is vital to an organization’s success in today’s rapidly changing business environment. As your business adapts to changing conditions, accounting systems and methodologies must also keep pace with internal and external reporting requirements. Each item of income and deduction could have multiple permissible tax methods of accounting. The aim of a tax accounting methods analysis is to identify the advantageous methods available while also detecting methods creating risk.

Our experienced and skilled DHG tax professionals can help you navigate a changing business environment so that you are confident that your accounting methods are in sync with your business goals.

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IRS Releases Accounting Method Guidance for Section 451 Compliance