accounting methods – The Burns Firm – Advisors of Complex Financial Matters

Selecting a Tax Accounting Method for Your Small Business

July 21st, 2026|Categories: Accountant, accountant near me, Accounting, Accounting Methods, Accrual Accounting Method, Burns Firm, Business, Business Recordkeeping, Cash Accounting Method, Cash vs Accual, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning for Businesses, Texas CPA, The Burns Firm|Tags: accountant near me, Accounting Method for Small Business, accounting methods, CPA, cpa near me, Dallas CPA, North Texas CPA, small business, tax, tax accountant, tax accountant near me, tax advisor, Texas CPA, The Burns Firm|

Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are required to use the [...]

Cash or accrual accounting: What’s best for tax purposes?

September 10th, 2024|Categories: Accountant, accountant near me, Accounting Methods, Accrual Accounting Method, Bookkeeping for Business, Burns Firm, Business, Cash Accounting Method, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tx accountant, Self-employed, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: accounting methods, Accrual Accounting Methods, Best Accounting Method for My Business, Can My Business Switch Accounting Methods, Cash Accounting, Cash vs Accrual, CPA, cpa near me, Dallas CPA, tax advisor, Texas CPA, The Burns Firm|

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that [...]

Tax Reform Changed Accounting Methods for Small Businesses

December 26th, 2018|Categories: Accounting, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: accounting methods, accounting methods for small business, CPA, small business accounting, tax and accounting, TCJA, The Burns Firm|

Information from IRS.gov The Tax Cuts and Jobs Act – better known as tax reform – allows more small business taxpayers to use the cash method of accounting. Tax reform [...]