Hybrid Accounting Method – Dealing With Inventory

Hybrid Accounting Method - Dealing With Inventory
(NOTE: This post fits in with a case study looking into tax implications of starting up a small business. Click here to go back to the start) A while back, I addressed the cash and accounting methods and how to choose which one you want to use in a small business. I was trying to keep things ...

Fighting to Make LIFO Repeal First Out

Fighting to Make LIFO Repeal First Out
I certainly hope Ways and Means Committee Chairman Dave Camp had some idea what he was getting into when he wrote a plan to reform our tax system. Even though both parties claim to agree to tax reform, actually writing something down is like painting a political target on your back. After Dave Camp initial release the reform ...