Relief for small business tax accounting methods
By: Clark, Nathan [author]
Contributor(s): Wotapka, Dawn [author]
Language: English Set: Relief for small business tax accounting methodsCopyright date: 2019 In: Journal of Accountancy Vol. 227 Issue 1: (January 2019), pages 48-54Summary: The article discusses the Tax Cuts and Jobs Act in the U.S. with regard to the provisions for small business taxpayers. Small business taxpayers are advised to change their accounting methods to adopt to each provision of the law which include treatment of inventories as nonincidental materials and supplies. Topics include the characteristics of small businesses, the differences and similarities between cash and accrual method, and accounting for inventories.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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JOURNAL ARTICLE
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COLLEGE LIBRARY | COLLEGE LIBRARY PERIODICALS | Not for loan |
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The article discusses the Tax Cuts and Jobs Act in the U.S. with regard to the provisions for small business taxpayers. Small business taxpayers are advised to change their accounting methods to adopt to each provision of the law which include treatment of inventories as nonincidental materials and supplies. Topics include the characteristics of small businesses, the differences and similarities between cash and accrual method, and accounting for inventories.
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