Tax Method Change

What is a Negative 481a Adjustment, and How Do I Get One?

When a tax method change occurs, whether it is from cost segregation, the Tangible Property Regulations, or any other tax method changes (for which the cutoff method cannot be used), a 481a adjustment must be used. Suppose income for any taxable year is under a different method of accounting from the method used in the …

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Creating a Hybrid Revenue Recognition Model for the Construction Industry

A Hybrid Revenue Recognition Model to Increase Cash Flow Construction industry members — including owners, developers, contractors, subcontractors, and supply chain vendors — have experienced varying degrees of hardship due to the COVID-19 pandemic, supply chain challenges, cost increases, and “the Great Resignation.” The extent of the consequences is dependent upon the location of both …

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