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The Accountancy Cloud (Global)
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Accounting Periods and Methods
How should I arrange my business’ accounting period?
What tax year should I accept or take on?
What are the different types of accounting methods?
Can you combine accounting methods?
When should I use the cash method?
Which personal service corporations are qualified to use the cash method?
What should I include in the cash method?
Why should I use the accrual method?
Who are accounted as ‘related persons’ in the accrual method?
When do I need approval to change accounting methods?