Did You Know the 2018 Tax Changes May be Useful to Your Business?
Wed January 8, 2020
Even thought these tax law changes went into effect in 2018, they have impact on many ABMA member companies, especially if you report sales under $25 million. Perhaps your CPA firm has already advised on these changes. If not you want want to get advice from your tax preparers. The following links provide some insight as to the changes.
https://www.journalofaccountancy.com/issues/2019/jan/small-business-tax-accounting-methods.html
https://www.irs.gov/newsroom/heres-how-tax-reform-changed-accounting-methods-for-small-businesses
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