Let us help you find a better tax position
Tax accounting methods should be periodically evaluated to take advantage of opportunities, identify exposure items, and take corrective action.
Our accounting methods strategies relate to the timing and character of income and expense items, which result in benefits that significantly impact your business. CLA can assess your business model, size, and industry needs to help you understand how an accounting method change could impact your organization.
We’re committed to helping address what matters most to you:
- Freeing up cash flow to further business objectives
- Reducing current year taxable income
- Utilizing expiring tax attributes
- Proactively responding to tax law changes
- Preparing for tax due diligence
- Protecting against tax penalties and IRS adjustments
Experience our client-focused approach
Accounting methods can be highly complex and technical. We assess your specific facts and circumstances and current tax treatment to determine if a more favorable strategy could benefit your company. We establish the procedural process of implementing the strategy and document the change to prepare for any IRS correspondence. Our strategies consider both the financial benefits and the administrative efforts to maintain so your decisions are made holistically.
Accounting methods services
- Strategic methods planning and review
- Revenue recognition
- Expense recognition
- Inventory, including Section 263A (UNICAP)
- Tangible and intangible property treatment
- Tax lease accounting
- Long-term contracts treatment
- Interest expense deductibility planning