Skip to Content
Webinar

Optimizing tax accounting methods in challenging times

Date:
August 5, 2020

Accounting methods are a valuable — but often overlooked — tool for managing tax cash flow, which is even more valuable during times of economic uncertainty. View our on-demand webinar to make sure you’re optimizing your accounting methods.

Middle-aged woman sitting at table reviewing tax documents.For our third installment of our “Tax planning for challenging times” webinar series, our tax experts will discuss the many opportunities related to accounting methods. Accounting methods are a valuable, often overlooked tool for managing tax cash flow in times of economic uncertainty.

Taxpayers can use accounting methods to accelerate deductions or defer income, minimizing income or generating larger losses that can be carried back. The end result? A positive impact on cash flow. For example, the cash method of accounting is typically advantageous and was made available to more taxpayers in 2018. Depreciation planning is also an attractive option, and recent tax changes have created opportunities to accelerate deductions. Payroll taxes and prepaid expenses can be deducted at different times to allow for maximum cash flow. The current economic turmoil presents a great reason to revisit tax accounting methods and consider new opportunities.

Learning objectives:

Find our full webinar series here:

For further tax-planning resources:

Related Thinking

Young business professional sitting at a work table using a laptop computer.
June 24, 2020

Tax strategies for adapting to challenging times

Webinar 1 hour watch
Close-up photo of hands opening a letter and holding a check.
July 8, 2020

Maximizing cash flow through COVID-19 tax planning

Webinar 1 hour watch
Young business woman writing on post-it notes stuck to a glass window.
August 18, 2020

Rethinking business and transaction structures during COVID-19

Webinar 1 hour watch