Mobile Edition


Small Business Guide to the Use of Accounting Methods After Tax Reform (AMET) (SUAMET03)

 
Date:Monday, September 23, 2019
Time:1:00 PM - 3:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: Michael J. Tucker
Vendor:Surgent McCoy
Course Level:Basic
Early Bird Price:$109.00 FICPA Members, $139.00 Non-Members

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.

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


Major Topics:
  • 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


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

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

Advanced Preparation:
None

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Registration Status: OPEN