- Greater Southern California Area
- Mon – Fri: 8:00AM – 6:00PM
- fmehdian@mehdiancpa.com
Follow Us On:
Accounting and Tax Methods
Accounting methods are complicated topics and affect how a company recovers the cost of doing business. With thousands of pages devoted to regulations on the subject, it’s no wonder that many industry professionals haven’t mastered the various alternatives of selecting tax accounting methods.
When approaching a strategic approach to tax regulations, you have the ability to defer tax payments and hold on to your cash for a longer period.
At MehdianCPA, construction and real estate are amongst our core industry groups. We specialize in serving clients large and small in these industries and our team is well-versed in any areas of interest related to these industries.
Why Tax Accounting?
One requirement of an accounting method is that it must report income according to IRC §446(b). Per the tax code, the IRS has broad authority to determine whether the accounting method used clearly reflects income. If not, the IRS may calculate tax liability for a taxpayer under an accounting method the IRS deems more accurate.
Therefore tax accountant and their role in your business becomes vital, so that they guide you to follow regulations in every state and ensure compliance with the federal and state authorities. At MehdianCPA, you will receive advice on how to navigate tax issues and obtain an understanding of the tax laws to avoid mistakes that might be costly to your business in the long run. Because tax laws change from time to time, tax accounting and selected accounting methods are vital to stay up to date year after year.
To avoid business failings and trouble with the law, it is essential for businesses to invest more in their accounting team and outside CPAs. A company that is determined to succeed will not select their CPA only based on the fees but based on knowledge of the industry and saving you tax dollars.
At MehdianCPA we help you stop your struggles and concerns as taxpayers and entrepreneurs and lessen the stresses that new tax laws provide. Instead of doing transactions, we build relationships and partner with our clients to build a bridge to financial success and prosperity.
Give us a call at (949)355-5163 or send us an email at fmehdian@mehdiancpa.com to learn more about our services.
