2019’s Big tax hit, and how to survive it
Recent changes in accounting and tax rules are creating a new set of potential tax problems for businesses that could take years to resolve. Are you prepared? Here are four steps that could help via Industry Week.

The problems revolve around the tricky area of revenue recognition and the disconnect that these changes have created between accounting standards and tax rules. Many companies don’t realize the importance of recent book revenue recognition changes when it comes to taxes and aren’t planning early enough to be prepared for the impact.