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Avoiding the Wrong Decision Selecting an Accounting Method for your Media Business: Cash Versus Accrual Accounting
Avoiding the Wrong Decisions - In the first year of a start up, you, as a business owner, will need to make certain elections for tax purposes. These elections establish precedents for tax years to come. An Important election you will make is selecting an accounting method for your business. The two methods commonly used are cash or accrual basis.
You may be reading this and thinking: "What do cash and accrual basis mean?" and "What difference does this make to me and my business?" Our free guide will help guide you to select an accounting method that suites you and your business.
For our free guide, please fill out the right hand column that will be followed up by an email with our guide. If you have any question please Call us at 212-605-0276, we look forward to hearing from you.