Accrual-Basis Taxpayers: These Year-End Tips Could Save You Tax
Tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, making 2017 an especially good year to accelerate deductible expenses. Why? Deductions save more tax when rates are higher. Timing income and expenses can be a little more challenging for accrual-basis taxpayers than for cash-basis ones. […]
