Surgent's Small Business Guide to the Use of Accounting Methods After Tax Reform (AMET)

Description:

The Tax Cuts and Jobs Act of 2017 liberalized the use of certain methods of accounting for qualified small businesses for 2018 and later years. This program is a two-hour intensive webinar on these provisions.

Highlights:

  • Eligibility for the cash method of accounting
  • Taxpayers no longer bound to follow the Uniform Capitalization Rules under Section 263A
  • Taxpayers eligible to use the completed contract method of accounting
  • How to change a method of accounting to take advantage of these new rules

Objectives:

  • Understand the new rules relating to the ability of an eligible small business to use a more favorable method(s) of accounting resulting from changes made by the Tax Cuts and Jobs Act of 2017

Prerequisites:

A basic understanding of the tax rules relating to individual income tax

Category:

TX

Credits:

2

Course Level:

Basic

Members

Standard Fee: $109.00

Non-Members

Standard Fee: $119.00

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Vendor:

Surgent McCoy CPE, LLC

Start:

July 12, 2019 1:00pm

End:

July 12, 2019 3:00pm

Designed For:

Tax practitioners who anticipate advising clients with respect to accounting method changes resulting from the Tax Cuts and Jobs Act of 2017
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