Weighing the Cash Basis Planning Option

The cash basis method of accounting for taxes is available for a number of food and agribusiness companies. The availability of that method is subject to many complex rules and limitations. The substantial benefits, however, can be available to businesses of all sizes. 

Crowe Horwath LLP can determine whether your business is or can be eligible to utilize the cash method. We can help you plan for the possibilities for your organization.  Crowe will help you navigate the complex tax regulations related to your financial reporting, ownership, activities, size, and tax filing status.

We advise you on the pros and cons. Once the decision is made, Crowe can help you file the appropriate forms with the Internal Revenue Service.

Selecting and changing income tax accounting methods is a technical and complex area. Crowe has the expertise to advise you about making a case for change and realizing the potential benefits. Our extensive experience serving food and agriculture companies, along with our firm’s depth of tax compliance knowledge and strategic thinking, provides companies with expert guidance in this technical area.