Accounting

What’s the Best Accounting Method Route for Business Tax Purposes?

Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
E-File Mandate - Reporting of Cash Payments Over $10,000 cover

E-File Mandate - Reporting of Cash Payments Over $10,000

Beginning Jan. 1, 2024, businesses are required to; e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return.