Estimated reading time: 0 minutes, 19 seconds

IRS Updates How Small Businesses Change The Accounting Methods

IRS Updates How Small Businesses Change The Accounting Methods black and white Texas Instruments calculator

According to the Journal of Accountancy, the IRS has made it easier for small businesses to change their tax accounting methods. 

Under guidance in Rev. Proc. 2022-9 issued Thursday, taxpayers may obtain the IRS's automatic consent to change their tax accounting methods to comply with final regulations relating to simpler tax accounting methods available to smaller businesses.

Read the article Journal of Accountancy

Read 974 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.