Tax Accounting Methods

Neikirk Mahoney & Co. can facilitate the implementation of income tax accounting method planning, to help optimize cash flow and mitigate risks and uncertainties.

Tax accounting methods primarily involve the timing for income and expense recognition and often requires the consent of the IRS in order to change such accounting methods. Neikirk Mahoney & Co. can enhance cash flow by analyzing your current accounting methods and determining the procedures necessary to achieve optimal tax planning around the timing of income and expense recognition and also help mitigate risks and uncertainties by identifying issues with your current tax accounting. Neikirk Mahoney & Co.'s expertise and experience will streamline the IRS process from filing to approval.

Neikirk, Mahoney & Co. can assist in tax accounting method planning in the following nonexclusive list of areas:

• Income and expense recognition
• Inventories
• Fixed assets and depreciation and amortization
• Capitalization
• Accounting periods